LayerZero has been making headline news with multiple noteworthy events. The startup has caught the attention of Advent International, a global private equity firm, which has partnered with LayerZero Power Systems to provide mission-critical power for data centers. This has resulted in an expansion plan backed by state tax credits, promising to add 535 new jobs. The LayerZero token, ZRO, surged after a significant $10 million buyback.
LayerZero has also been at the center of a takeover bid for Stargate, offering a figure of $110 million, which was seemingly met with opposition from Stargate token holders. LayerZero, however, was successful, driving a further surge in its ZRO tokens. Interested parties such as Wormhole Foundation tried to counter LayerZero's bid but failed.
Furthermore, LayerZero's technology is facilitating interoperability among blockchains, most notably with PayPal's PYUSD Stablecoin. The subsequent launch of tether-linked USDT0 and XAUT0 on Solana speaks volumes about LayerZero's growing influence in the crypto space.
LayerZero's protocol has been integrated by Fireblocks to enhance stablecoins' security and connectivity. This move supports the growing trend of cross-chain interoperability, as evidenced by Beldex and Dinari's partnership with LayerZero. Other partnerships include Ubisoft launching a network for migrating crypto game assets and Stellar leveraging LayerZero to power its unified cross-chain value network.
LayerZero News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Thu, 08 Jan 2026 15:31:02 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 5
