1 year ago
Bridge protocol LayerZero surpassed 50 cardinal messages betwixt assorted blockchains connected Tuesday, a landmark for the interoperability platform.
This comes much than 3 months aft LayerZero Labs, the squad processing LayerZero, raised $120 million from 33 backers, including Andreessen Horowitz, auction location Christie’s, Sequoia Capital and Samsung Next.
LayerZero’s milestone highlights the request for crypto users to transportation liquidity betwixt chains and behaviour cross-chain token swaps, contempt the imaginable vulnerabilities.
Bridge exploits accounted for much than $2 cardinal successful stolen assets successful 2022, according to information from blockchain analytics steadfast Chainalysis.
Edited by Stephen Alpher.
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