Bitlayer teamed up with LayerZero Labs to enhance cross-chain interoperability inside its ecosystem.
This partnership will use LayerZero’s open-source, immutable messaging protocol. This can enable Bitlayer tasks to create dApps that talk seamlessly throughout over 90 blockchain networks. Moreover, the mixing will let builders bridge funds throughout over 300 decentralized purposes working inside Bitlayer’s ecosystem.
Now…Loading…Layer Zero…
We’re stoked to announce our integration with @LayerZero_Labs!
LayerZero’s open-source, immutable messaging protocol enhances cross-chain interoperability by eradicating charges and simplifying bridging. Now built-in with Bitlayer, this collaboration… pic.twitter.com/fLAvrFKBIg
— Bitlayer (@BitlayerLabs) September 27, 2024
LayerZero’s Protocol Eliminates Transaction Charges
LayerZero’s messaging protocol will eradicate transaction charges related to cross-chain interactions, simplifying the bridging course of between varied blockchain platforms. The protocol’s distinctive design will give Bitlayer builders extra management over the safety of their purposes, permitting them to ship arbitrary messages throughout chains with out compromising their safety frameworks.
By integrating LayerZero, Bitlayer will additional improve its ecosystem’s full Ethereum Digital Machine (EVM) compatibility, making it simpler for builders to design and deploy purposes that talk and performance seamlessly throughout a number of blockchains.
Learn additionally: LayerZero Redistributes Unclaimed ZRO Tokens, Rewards Energetic Customers
LayerZero has shortly grow to be important for cross-chain connection, rising as a number one decentralized messaging and communication answer. As of the second quarter of 2024, LayerZero has facilitated over 137 million messages throughout 90 totally different blockchain networks.
The protocol has supported over $5.0 billion in crypto-asset transfers, with greater than 200 decentralized purposes utilizing its messaging system for cross-chain interactions.
Defi.cash Adopts LayerZero for Enhanced Performance
Apart from its partnership with Bitlayer, LayerZero has additionally built-in with DeFi protocol defi.cash. This integration will enable defi.cash’s native stablecoin, MONEY, to operate as an omnichain fungible token (OFT), enabling cross-chain liquidity and seamless token transfers throughout supported networks.
🟠 @defidotmoney, a chain-agnostic stablecoin protocol, has built-in LayerZero as its official interoperability answer.
With this integration, the protocol’s stablecoin $MONEY has applied the OFT Customary, making @defidotmoney a natively omnichain CDP protocol!
For extra… https://t.co/FBW1GSf1Jc
— LayerZero (@LayerZero_Core) September 26, 2024
With the OFT customary, customers will be capable to ship, obtain, and deploy belongings throughout blockchains, making a natively omnichain setting for defi.cash.
The defi.cash group famous that LayerZero’s safe messaging protocol might be essential in making certain that defi.cash maintains full management over the MONEY contract, eliminating third-party dangers.
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