The EVM-compatible blockchain network Monad announced that it will be integrated with the cross-chain interoperability protocol LayerZero to support the seamless transfer of assets to more than 50 other blockchains.

In a recent announcement, LayerZero, the innovative interoperability protocol, has officially confirmed its intention to issue a native token within the first half of 2024. This long-awaited confirmation has sparked excitement and increased interest in projects built on the LayerZero network. The LayerZero ecosystem has been a topic of discussion within the crypto community, and ... source: https://www.cryptopolitan.com/ecosystem-thrives-after-layerzeros-airdrop/

According to Foresight News, Rollup-as-a-Service (RaaS) project Caldera has announced its integration with LayerZero, enabling full cross-chain interoperability between Caldera rollups and over 40 networks supported by LayerZero. Previously, Foresight News reported that in February 2023, Caldera completed two rounds of financing, raising $9 million, with Sequoia Capital and Dragonfly leading the investment, and participation from Neo, 1kx, and Ethereal Ventures.

LayerZero posted on the X platform that it has launched Astar Substrate, and developers can now use LayerZero endpoints to enable full-chain functionality between Astar and more than 40 other chains.

크로스체인 메시징 프로토콜 레이어제로(LayerZero)가 공식 X(구 트위터)를 통해 영지식(zk) 기반 프라이버시 강화 레이어1 블록체인 만타네트워크(MANTA)에 프로토콜을 배치했다고 발표했다. 개발자는 만타네트워크의 자체 개발 zkEVM 레이어2 블록체인 만타 퍼시픽에서 레이어제로를 활용할 수 있게 됐다.

LayerZero announced on the X platform that it has been launched on Manta Pacific. The tweet stated that developers can use LayerZero to achieve interoperability between Manta Pacific and dozens of networks with LayerZero endpoints, such as Ethereum, Avalanche, BNB Chain and Optimism.

Manta Network has reached a cooperation with LayerZero. Manta Pacific will use LayerZero as the basic cross-chain interoperability layer to provide trust-minimized cross-chain liquidity for Manta Pacific ecological applications. With the help of LayerZero, it can realize data, Seamless transmission of assets and information. In addition, MantaFest Odyssey will also launch LayerZero limited-time activities, where you can complete tasks to earn points. Manta Pacific is a modular Ethereum Layer 2 designed specifically for ZK applications. It has raised more than US$60 million and is valued at US$500 million. Supporters include Polychain, ParaFi, Binance Labs, SevenX Ventures, Longhash, CMS, Qiming Venture Partners, and AllianceDAO. etc.

According to Cointelegraph, a new bridged token from cross-chain protocol LayerZero has drawn criticism from nine protocols in the Ethereum ecosystem. Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router released a joint statement on October 27, calling the token's standard 'a vendor-locked proprietary standard' that limits the freedom of token issuers.The protocols claimed that LayerZero's new token is a proprietary representation of wstETH to Avalanche, BNB Chain, and Scroll without support from the Lido DAO (decentralized autonomous organization). They argued that it creates systemic risks for projects that are difficult to quantify. Instead, the protocols advocated for the use of the xERC-20 token standard for bridging stETH.LayerZero launched a bridged version of stETH, called 'Wrapped Staked Ether (wstETH)' on BNB Chain, Avalanche, and Scroll on October 25. Prior to this launch, stETH was not available on these three networks. LayerZero was able to launch wstETH without needing the approval of Lido's governing body, LidoDAO. However, members of LidoDAO later claimed that actions taken by LayerZero, BNB Chain, and Avalanche were an attempt to mislead users into believing that the new token had support from the DAO.In response to the launch of wstETH, LayerZero proposed that LidoDAO should approve the new token as the official version of stETH on the three new networks and offered to transfer control of the token's protocol to LidoDAO. Some LidoDAO members complained that this move was intended to pressure the DAO into passing the proposal when they otherwise wouldn't have. Additionally, some members argued that the new token could pose security issues, with one member claiming that LayerZero is a 'super centralized option that exposes Ethereum's main protocol to an unprecedented catastrophe.'

LayerZero Labs announced that LayerZero is now listed on TomoChain. TomoChain is an EVM-compatible L1 blockchain. Developers can now integrate their applications with TomoChain and more than 40 other blockchains with LayerZero nodes.