LayerZero Expands Cross-Chain Reach with Bitlayer and defi.money

Bitlayer partnered with LayerZero Labs to enhance cross-chain interoperability inside its ecosystem.

This collaboration will leverage LayerZero’s open-source, immutable messaging protocol. This permits Bitlayer tasks to create dApps that talk seamlessly throughout greater than 90 blockchain networks. Moreover, the combination will enable builders to bridge funds between greater than 300 decentralized purposes working inside Bitlayer’s ecosystem.

LayerZero’s protocol eliminates transaction charges

LayerZero’s messaging protocol eliminates transaction charges related to cross-chain interactions, simplifying the bridging course of between completely different blockchain platforms. The protocol’s distinctive design provides Bitlayer builders extra management over the safety of their purposes, permitting them to ship arbitrary messages over chains with out compromising their safety frameworks.

By integrating LayerZero, Bitlayer will additional improve the complete Ethereum Digital Machine (EVM) compatibility of its ecosystem, making it simpler for builders to design and deploy purposes that talk and performance seamlessly throughout a number of blockchains.

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LayerZero has shortly change into important for cross-chain connections and has grown into a number one decentralized messaging and communications answer. As of Q2 2024, LayerZero has facilitated greater than 137 million messages throughout 90 completely different blockchain networks.

The protocol has supported greater than $5.0 billion in crypto asset transfers, with greater than 200 decentralized purposes utilizing the messaging system for cross-chain interactions.

Defi.cash makes use of LayerZero for improved performance

Along with the partnership with Bitlayer, LayerZero has additionally built-in with the DeFi protocol defi.cash. This integration permits defi.cash’s native stablecoin, MONEY, to perform as an omnichain fungible token (OFT), enabling cross-chain liquidity and seamless token transfers between supported networks.

The OFT customary permits customers to ship, obtain, and stake property throughout blockchains, making a native omnichain surroundings for defi.cash.

The defi.cash group famous that LayerZero’s safe messaging protocol might be essential in making certain that defi.cash retains full management over the MONEY contract, eliminating third-party threat.