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Home/News Feed/LayerZero's OFT standard dominates 87% of cross-chain token transfers, managing $44B in assets.
ZRO
Rp15,215
+Rp475 +3.22%

LayerZero's OFT standard dominates 87% of cross-chain token transfers, managing $44B in assets.

Protocol Fundamentals
04 Aug 2026
Crypto Briefing
View Source
Neutral
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LayerZero's Omnichain Fungible Token (OFT) standard now handles 87% of all cross-chain token transfer volume, managing about $44 billion in assets across more than 100 blockchains. The OFT uses a burn-and-mint method to keep token supply constant while enabling multi-chain presence, making it attractive for token issuers expanding across networks. Recently, LayerZero announced it will drop support for low-activity chains to focus resources better. Investors should watch for security performance, effects of chain pruning, and the impact of upcoming monthly ZRO token unlocks valued at $25.45 million on August 20, amid rising competition from Chainlink’s CCIP.

More News (ZRO)

LayerZero's price and volume surge signals potential breakout toward $0.971 resistance level.

LayerZero's price and volume surge signals potential breakout toward $0.971 resistance level.

LayerZero (ZRO) has shown renewed momentum with consecutive daily gains after bouncing off the $0.706 support in a bullish pennant pattern that has held since early June. Trading volume doubled to nearly $45 million, indicating stronger market intere...

Technical Signals
Bullish
3 days ago
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