LayerZero, an omnichain protocol, stands out with on-chain ULNs, versatile messaging, and instant finality for seamless cross-chain transactions. More
| Fully Diluted Valuation | $1.71B |
|---|---|
| 24H Trading Volume | $20.70M |
| 24H Low / High | $1.65 / $ 1.72 |
| Circulating Supply | 111.15 M |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | Sequoia Capital Portfolio 13 more |
|---|---|
| Founder | Bryan Pellegrino 2 more |
| Website | layerzero.network |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 6 more |
| Explorer | Avascan 9 more |
| Contracts |
0x698....271cd
6 more
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| Name | Pair | OG Score |
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LayerZero, the brainchild of LayerZero Labs, emerges as a groundbreaking omnichain interoperability protocol, designed to facilitate lightweight message passing across diverse blockchain networks. At its core, LayerZero introduces Ultra Light Nodes (ULNs), smart contracts on each blockchain serving as trustless endpoints for cross-chain communication. Bryan Pellegrino, Ryan Zarick, and Caleb Banister, the founders of LayerZero Labs, bring a wealth of expertise to the project, with backgrounds ranging from game theory to artificial intelligence. The company has garnered substantial support from influential investors, securing $135 million in a Series B round in March 2022 and an additional $120 million in April 2023.
What sets LayerZero apart is its unique features, including on-chain ULNs, generic messaging supporting various payload types, state sharing for seamless application synchronization across chains, and instant finality for cross-chain transactions. The protocol's security is underpinned by a combination of oracles and relayers, ensuring the authenticity and efficiency of message delivery. LayerZero's interoperability solution extends beyond simple asset transfers, enabling developers to create omnichain applications that leverage the distinct advantages of multiple blockchains simultaneously. As the protocol evolves, plans include integration with more blockchains and DeFi protocols, alongside the introduction of its own governance token and DAO.
In the realm of interoperability, LayerZero stands out as a versatile and efficient solution, connecting over 50 blockchains and counting. The protocol's reliance on on-chain endpoints, a configurable Security Stack, and a permissionless set of Executors contributes to its ability to transfer censorship-resistant messages between chains. With its innovative approach and a commitment to seamless cross-chain transactions, LayerZero is poised to play a pivotal role in shaping the future of blockchain interaction and collaboration.
LayerZero distinguishes itself with on-chain Ultra-Light Nodes, versatile messaging supporting various payload types, state sharing, and instant finality for cross-chain transactions.
LayerZero Labs, the company behind LayerZero, was co-founded by Bryan Pellegrino, Ryan Zarick, and Caleb Banister in 2021.
LayerZero Labs has garnered support from prominent investors in the crypto space, including a16z, Sequoia, Paypal Ventures, Polygon, Coinbase Ventures, Binance Labs, and more.
You can buy LayerZero (ZRO) on Binance, Gate.ioMEXCBitgetBybit cryptocurrency exchanges.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
