LayerZero

LayerZero is an interoperability protocol designed to let applications and users send messages and transfer assets across many different blockchains without relying on a single intermediary chain. Its native token is ZRO. The project addresses the problem of blockchain fragmentation, where assets and data on one network cannot easily reach another, and it targets developers building cross-chain applications across ecosystems including Ethereum, Arbitrum, Optimism, Base, Polygon, Avalanche, and BNB Chain.

LayerZero works by routing messages between supported networks through a combination of on-chain endpoints and off-chain verification components that confirm a message is valid before it is delivered on the destination chain. ZRO is the protocol's native token and is used in the fee and governance mechanics of LayerZero V2, which is recorded as the fundamental basis for the metrics on this page. The protocol is present across multiple ecosystems rather than operating as a standalone chain, and no consensus algorithm or block time is recorded in the stored data.

Fees are paid by applications and users who send cross-chain messages through the protocol; in the trailing 30 days those fees totalled 294,517 USD, and annualised from that same window they come to approximately 3,583,290 USD. The protocol retains a portion of that gross fee stream as revenue: trailing-30-day revenue was 191,090 USD, implying a take rate of roughly 65% over that period, with the remainder going to supply-side participants such as the infrastructure operators who verify and relay messages. Fee growth over the trailing 30 days was negative 21.1%, and revenue growth over the same window was negative 100%, meaning protocol revenue in the most recent measurement period fell to zero relative to the prior comparison point. Total value locked attributed to LayerZero stands at approximately 10.97 billion USD at the point-in-time reading, against which the current market capitalisation of roughly 758 million USD represents a ratio of about 0.067.