Harshini Chakka
The crypto-bridging technology LayerZero gains traction on the Solana blockchain.
This action creates a new channel for Ethereum and Solana cryptocurrency asset transfers.
Solana cryptocurrency owners may now transfer their holdings to 70 more chains, including Ethereum, Polygon, Arbitrum, and more.
In Q1 2024, users of LayerZero transferred US$6.7 billion worth of cryptocurrency.
The US$3 billion LayerZero Labs is anticipated to launch its coin shortly.
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