Solana (SOL) has made a significant move by joining the blockchains supported by LayerZero, an interoperability protocol for cross-chain asset transfers. This integration has expanded the total number of blockchains in LayerZero’s network to over 70.
Developers now have access to tools that enable them to build applications for sending assets and data to and from Solana through various channels, including rollups, layer 1s, layer 2s, and other non-EVM chains. Currently, LayerZero’s technology connects the Solana network to seven other chains, namely Ethereum, Avalanche, Polygon, Arbitrum, BNB Chain, Optimism, and Base.
In the first quarter of 2024 alone, LayerZero users moved approximately $6.7 billion worth of cryptocurrencies and generated $11.5 million in revenue, according to data from Messari. As a result, LayerZero has announced plans to expand Solana integration to its entire network of 70+ blockchains in the near future.
Bryan Pellegrino, co-founder of LayerZero, stressed the significance of integrating Solana and highlighted that it is crucial for the crypto industry to overcome the barriers between different blockchains, such as Solana and Ethereum.
Please note that this article does not constitute investment advice. To invest in over 300 cryptocurrencies, you can register with Binance exchange using this link to receive a 20% commission discount. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.
0 comments.