The cross-chain communication protocol Layerzero Labs disclosed on Friday that its internal infrastructure was compromised by North Korean hackers and a simultaneous DDoS attack during the KelpDAO breach. Layerzero Labs Apologizes for Lazarus Group Security Breach Response Layerzero Labs issued a candid apology for a three-week communication silence following a security breach involving the Lazarus […]
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The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.
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The US custodian’s crypto-native clients include Worldcoin, ZetaChain, and LayerZero.
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Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
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LayerZero’s native ZRO token has vastly outperformed the tokens of other projects including ZKsync and Starknet, which were airdropped around the same time.
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Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs. Flare Network Expands Cross-Chain Security With Polyhedra’s ZK Bridge According to the announcement shared with Bitcoin.com News, the integration of ZK Bridge with Flare enhances cross-chain […]
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Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Bitcoin.com News, this integration represents an […]
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This piece is the second half of a guest post by Emiri, published originally on Blocmates. Read Part One here. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. Blocmates is especially adept at covering new decentralized finance (defi) projects, which are arguably at […]
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According to market data, crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline This Month June was predominantly bearish for cryptocurrencies, with […]
]]>LayerZero is making waves in the blockchain space, despite recent slowdowns in farming activities. With a Fully Diluted Valuation (FDV) of under $3 billion, LayerZero $ZRO boasts over 10 times the daily cross-chain message traffic compared to its closest competitors, Wormhole and Axelar Network. This significant discrepancy in traction versus valuation highlights LayerZero’s potential, especially as it trades within a similar range as its peers. despite all the heat @LayerZero_Labs gets from the airdrop fiasco + “proof of donation” drama – i am still fairly convinced that $ZRO at the current level of <3bn FDV is a clear bid a)
The post LayerZero Sees Unmatched Traction, $ZRO Whale Accumulation Raises Eyebrows appeared first on The Merkle News.
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