LayerZero (ZRO)

LayerZero is an innovative omnichain interoperability protocol designed to facilitate trustless and efficient communication between decentralized applications across multiple blockchains. Through its Ultra-Light Nodes and smart contract-driven infrastructure, the project enables secure and cost-efficient interaction between different blockchains, fostering cross-chain swaps, bridges, liquidity transfers, and omnichain tokens.

To enhance the developer experience with LayerZero transactions, the team introduced LayerZero Scan, a blockchain explorer, consolidates all LayerZero transaction details—message origins, destinations, and confirmations—across multiple blockchains, offering users a unified platform for tracking their activity. 

The LayerZero ecosystem, though currently small, boasts promising projects like Stargate, demonstrating the protocol's potential. At its core, LayerZero facilitates true decentralized network communication while prioritizing security and cost reduction. Stargate, LayerZero's first DEX and bridge, is a successful liquidity transfer protocol that exemplifies the platform's capability to facilitate seamless cross-chain liquidity transfers.

There are a growing number of startups that are being built on the LayerZero chain. Besides Stargate, some of the most notable projects include Rage Trade, Angle Protocol, Radiant Capital, Hashflow, Omni X and others. 

Led by experienced founders, including Bryan Pellegrino, Ryan Zarick, and Caleb Banister, LayerZero Labs benefits from their proven track record in online fantasy sports, predictive AI, and blockchain-related startups.

What is LayerZero Valuation?

As of the latest update, LayerZero has successfully raised $293 million in private rounds, achieving a valuation of $3 billion. Notable investors, including Sequoia Capital, Binance Labs, A16z, and other Tier 1 contributors, underscore the project's high optimism and potential positive impact on the broader cryptocurrency landscape.

The tokenomics of LayerZero coin ($ZRO) have not been revealed yet, but upcoming airdrops are planned for the community.

LayerZero Labs prioritizes security and has commissioned over 35 audits of its smart contracts.