LayerZero, supported by Cathie Wood's ARK Invest, has started charging fees on cross-chain transfers and using excess revenue to buy back its ZRO tokens, linking usage to token demand. However, around September 19-20, 23.6 million ZRO tokens worth about $25 million are set to unlock, posing a supply challenge. This test will show if LayerZero's revenue and buyback strategy can offset token distribution amid competition from Chainlink's growing cross-chain presence. Investors are watching closely to see if LayerZero can maintain its market share and token value despite these pressures.
Among the 90 largest cryptocurrencies, MemeCore (M) surged 17.03% in 24 hours, leading gains while 72 out of 90 assets declined. Other notable risers included Lighter (8.54%), Monero (5.85%), and Bitway (5.53%). Conversely, LayerZero fell the most by...
Bitway (BTW) token fell sharply by 13.23% to $1.82, leading losses among 90 crypto assets as most declined. MemeCore (M) and Monero (XMR) were top gainers, rising 11.73% and 10.78% respectively. Other notable decliners included LayerZero, Worldcoin, ...
LayerZero's token ZRO rose about 10% to $1.98 as investors anticipate the November 30 launch of the Zero mainnet and ATLAS trading infrastructure. The rally is supported by increased trading volume, which surged over 50% to $282 million, and strong r...
LayerZero plans to launch its Zero mainnet and the lzATLAS exchange engine on November 30. ATLAS will be the first application on the Zero network, supporting over a dozen trading venues that will use it for order matching, clearing, settlement, and ...
LayerZero has announced the launch of its Zero mainnet and ATLAS trading infrastructure set for November 30, supporting over a dozen trading venues at debut. ATLAS operates as a backend trading engine without a consumer app, enabling third-party plat...
