On Friday, the LayerZero team announced via X that LayerZero Labs has purchased $10m of ZRO for its balance sheet. LayerZero Labs made this acquisition as it believes ZRO is currently one of the most mispriced assets in the world.
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. ZRO trades at $1.698, up 1.8% in the last 24 hours.
Hassan Maishera