Hedera is integrating LayerZero (ZRO), a multi-chain interoperability protocol, into its community. The announcement comes as mainnet v0.54 launches. The mixing goals to enhance the Hedera Token Service (HTS), enabling the creation and administration of each fungible and non-fungible tokens with quick, low-cost transactions. This improvement aligns with the HBAR Basis’s objective of constructing Hedera as an enterprise-grade community for institutional decentralized finance (DeFi).
The mixing is alleged to open a brand new route for EVM-based liquidity on the Hedera community, connecting the ecosystem to extra liquidity sources. It builds on earlier infrastructure investments with suppliers like Copper and Elliptic, in addition to the Hedera Asset Tokenization Studio. The discharge of Hedera mainnet v0.54 follows the sooner v0.53, which launched essential elements for the implementation of HIP-904: Frictionless Airdrops.
The announcement of LayerZero’s integration comes simply days after the launch of the Canary HBAR Belief, the first-ever HBAR Belief in the USA. The initiative affords institutional traders direct entry to Hedera’s native cryptocurrency, HBAR. Designed as a non-public providing, it permits certified traders to soundly put money into HBAR and is a part of the Canary Fund’s technique to pave the way in which for future HBAR-focused exchange-traded funds (ETFs).
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