LayerZero

The fee and revenue growth figures — currently negative 21.1% and negative 100% respectively over the trailing 30 days — are worth monitoring because sustained directional changes in these numbers would reflect whether activity routed through the protocol is expanding or contracting. The dilution overhang stands at approximately 150%, meaning tokens not yet in circulation are 1.5 times the current circulating supply of roughly 400 million ZRO out of a maximum of 1 billion, so changes in the supply-issued percentage over time would show how quickly that overhang is being released into the market. The market-cap-to-fees ratio of about 206 and the market-cap-to-revenue ratio of about 318, both annualised from the trailing 30 days, are sensitive to shifts in either fee volume or token price and could change materially if the fee trend reverses. TVL, which is currently around 10.97 billion USD but fell 5.87% over the trailing seven days, is a proxy for how much economic activity depends on cross-chain infrastructure and warrants observation as an independent signal of protocol usage.

Written by an AI language model from the figures listed below, on 15 Oct 2026 09:26 UTC.