Hassan Maishera
On Saturday, the LayerZero team announced via X that it is winding down offchain support for several chains with minimal activity. This means that LayerZero DVN and Executor services will no longer be available for these chains.
In the next 30 days, the following chains will be impacted: Botanix, Canto, Moonriver, Moonbeam, Nexera
As a result, some chains will no longer be supported by Stargate Hydra. Stargate users should redeem their Hydra assets (USDC.e, wETH, Hydra USDT) from these chains. LayerZero warned users that failure to act before chain support is fully deprecated will result in losing access to their funds.
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 $0.9154, up 7.1% 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.
