The Layerzero interoperability Blockchain said with the Layerzero interoperability protocol to allow users to move funds between several ecosystems in a relationship that will generate increased use and fees for both parties.
You will initially be connected to 12 blockchains, notably Ethereum, Tron and Solana. Users will be able to transfer stablecoins in ton using Stargate, the largest cryptographic bridge. Stargate managed $ 1.6 billion in volume in the last month, according to Defilma.
Users will also benefit from Layerzero multi -hole liquidity, which allows funds locked in different blockchains to be grouped to reduce the chances of slipping – a price change between initiation and the end of a transaction – or a Pure and simple failure.
Liquidity is a key decentralized finance (DEFI). There are some $ 117 billion of total locked value (TVL) in all blockchains. But with more than 4,400 blockchains and layer 2 networks, according to Defillama, liquidity per chain is fragmented. If a negotiation company wanted to lend or borrow hundreds of millions on a specific chain, the relatively large transaction value is likely to lead to a shift or a failure. The chances that this happens is reduced when the liquidity is grouped.
Cryptographic companies TETHER and ETHENA will also use integration, with a flagship asset of $ 5 billion from the latter, USDE, which will be online. Tether’s new stablecoin USDT0, which has been launched to tackle liquidity problems, becomes transferable between tone, Tron, Ethereum and Arbitrum thanks to its new product, The Legacy Mesh.
The developers will also benefit from integration because the tokens can be deployed on the tone of one of the channels of Layerzero using a single contract.
Your was created in 2018 as an internal project at Messaging App Telegram, which abandoned development two years later. In September 2023, Telegram approved the now independent ton and said that it would integrate the blockchain in the application user interface. Last month, he became the exclusive blockchain of the mini telegram applications ecosystem.
“Your is undoubtedly one of the most exciting ecosystems today,” said Bryan Pellegrino, CEO of Layerzero. “After its exclusive partnership with Telegram, it now has access to nearly a billion users.”
Update (February 11, 16:03 UTC): Celo removes from the fourth paragraph.
