Hassan Maishera
On Friday, the LayerZero team announced via X that LayerZero now connects the Canton Network to other blockchains. Canton Network is the home for onchain capital markets, processing $8T+ in RWAs monthly, $350B in daily U.S. Treasury repo volume, and adopted by 800+ firms.
Interoperability unlocks Canton to the rest of crypto and sets the stage for all of Canton assets to expand to all blockchains, and vice versa. Institutions can deploy assets and instantly distribute them across 165+ public networks. Smart contract applications and assets can now expand to Canton from over 165+ blockchains.
Users can fund primary purchases of Canton-based assets using stablecoins from external public blockchains, tapping Canton's configurable privacy.
Similarly, asset issuers can permit tokenized assets – treasuries, bonds, etc – issued on Canton to move across 165+ blockchains for secondary market trading.
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks.
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
LayerZero’s key feature is Ultra Light Nodes (ULNs). These smart contracts run on each blockchain and act as endpoints for cross-chain communication. ULNs verify the validity of transactions and messages from other chains using block headers and transaction proofs, ensuring security and efficiency.
ZRO trades at $2.02, up 0.7% in the last 24 hours. LayerZero supports any blockchain that can run smart contracts, such as Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Fantom and other chains. LayerZero also supports non-EVM chains like Aptos. These so-called omnichain applications should become a key layer of a multi-chain future, where different blockchains interact simultaneously.
LayerZero aims to create the optimal interoperability solution for blockchains with seamless and trustless cross-chain transactions.
