Share this article
BTC
$83,430.27
+
4.72%ETH
$1,566.97
+
2.72%USDT
$0.9995
+
0.01%XRP
$2.0279
+
2.71%BNB
$588.76
+
1.94%SOL
$121.19
+
7.40%USDC
$1.0000
+
0.00%DOGE
$0.1607
+
4.47%TRX
$0.2434
+
2.88%ADA
$0.6267
+
3.23%LEO
$9.3867
-
0.23%LINK
$12.68
+
5.25%AVAX
$19.14
+
5.12%TON
$2.9537
+
0.59%SHIB
$0.0₄1226
+
4.76%XLM
$0.2340
+
1.49%SUI
$2.2002
+
4.59%HBAR
$0.1683
+
0.02%BCH
$313.26
+
7.16%OM
$6.3931
-
0.30%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.
Bridge protocol LayerZero surpassed 50 million messages between various blockchains on Tuesday, a landmark for the interoperability platform.
This comes more than three months after LayerZero Labs, the team developing LayerZero, raised $120 million from 33 backers, including Andreessen Horowitz, auction house Christie’s, Sequoia Capital and Samsung Next.
STORY CONTINUES BELOW
LayerZero’s milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps, despite the possible vulnerabilities.
Bridge exploits accounted for more than $2 billion in stolen assets in 2022, according to data from blockchain analytics firm Chainalysis.
Sage D. Young
Sage D. Young was a tech protocol reporter at CoinDesk. He cares for the Solarpunk Movement and is a recent graduate from Claremont McKenna College, who dual-majored in Economics and Philosophy with a Sequence in Data Science. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.
