- Avalon Labs chosen LayerZero to allow seamless asset motion throughout 14 blockchain networks.
- LayerZero’s ecosystem positive factors momentum with assist from Libre, Wyoming, and a16z.
Avalon Labs has partnered with LayerZero as their official interoperability protocol. This collaboration is not only about know-how integration, but additionally about pushing Avalon’s Bitcoin-based stablecoin, USDa, to have the ability to discover 14 totally different blockchain networks.
This transfer is to make asset motion smoother and may be loved by extra DeFi customers. Behind the scenes, USDa, sUSDa, and AVL tokens shall be far more versatile as a result of they’ll transfer from community to community with none vital obstacles.
🟪 @avalonfinance_ is a $1.2B protocol for Bitcoin-backed stablecoins, lending, and yield.
Avalon has chosen LayerZero as its official interop protocol for asset growth and motion throughout 14 chains.
Switch $USDa, $sUSDa, and $AVL for simply the worth of fuel. No slippage. pic.twitter.com/634UXAup2D
— Avalon Labs 🎩🔮 (@avalonfinance_) April 21, 2025
When One Pockets Isn’t Sufficient, LayerZero Steps In
Moreover, if we have a look at the LayerZero ecosystem itself, this partnership isn’t an enormous shock. LayerZero is already generally known as an enormous participant within the area of cross-chain interoperability with their omnichain know-how. This know-how allows safe communication between networks and presently reaches greater than 125 chains.
Simply think about in case you have a stablecoin, however it may solely be used on one community. It looks like having an e-wallet that may solely be used at one retailer. Now, that is the place LayerZero’s position turns into essential: making property cross-border with out having to alter wallets.
Behind this refined know-how, there’s additionally an injection of belief from huge gamers. CNF experiences that enormous agency Andreessen Horowitz (a16z) has simply poured $55 million into LayerZero’s ZRO token. Not solely did they purchase and promote, however in addition they agreed to a three-year lock-up interval. This can be a sturdy signal that they actually consider in the way forward for LayerZero’s interoperability.
From RWA to State-Backed Tokens, It’s All Occurring
Strategic partnerships proceed to reach. Alternatively, on April 17, Libre Capital introduced a collaboration with LayerZero to convey real-world asset (RWA) tokens to over 125 networks. Utilizing the OFT (Omnichain Fungible Token) commonplace, they be certain that the token provide stays constant, no matter which community it’s on.
Nonetheless not sufficient? Okay. Wyoming can also be within the story. On April 18, the Wyoming Steady Token Fee chosen LayerZero as the first companion for the event and distribution of the state’s first official steady token.
The token is backed by short-term U.S. authorities bonds and is presently being examined. If all goes effectively, its public launch is scheduled for July 4, 2025, and it is going to be cross-platform throughout networks like Ethereum, Avalanche, and Solana.
Nevertheless, in January, LayerZero settled a long-running dispute with FTX Property, which accused them of cashing in on a “fire-sale” state of affairs through the FTX disaster. Whereas the main points of the settlement are confidential, the settlement paves the way in which for LayerZero to proceed increasing with out authorized drama hanging over its shoulders.
Nevertheless, not all information about LayerZero is rosy. On the time of writing, the ZRO token is below strain, with its value down 5.46% previously 24 hours and its market cap sitting beneath $270 million.
