LayerZero has successfully made a strategic acquisition of
Stargate in a DAO-approved deal worth between $110 to $120 million, winning against significant competition from
Wormhole, Axelar, and Across. This cross-chain shift has confirmed LayerZero as a dominant force in the
crypto space, fulfilling its vision for greater liquidity across chains. Along with 94.76% DAO community support, this token-backed acquisition deal also saw a surge in LayerZero's ZRO token, demonstrating strong investor confidence. Despite last-minute counter-bids and regulatory scrutiny, LayerZero managed to close the deal, supported by a significant stake from Advent International. However, the completion of this deal amidst significant competition raises concerns over centralization in the decentralized finance (DeFi) infrastructure. Overall, these events underline
LayerZero as a key player in delivering revolutionary cross-chain solutions, placing a definitive bet on the future of stablecoin liquidity, and shaping the future of DeFi.
LayerZero News Analytics from Thu, 17 Apr 2025 07:00:00 GMT to Wed, 27 Aug 2025 16:53:09 GMT -
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