LayerZero
ZRO
Trustless cross-chain interoperability protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.57% | 12.97% | 0.51% | 89.14% | 164.57% | 40.95% |
Revenue & Burn
Protocol income
$0Buyback funds
$0Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $0 | $0 | -- | -- |
| Sep 2026 | $191.09K | $191.09K | -- | 100.0% |
| Aug 2026 | $131.59K | $131.59K | -- | 100.0% |
| Jul 2026 | $134.5K | $134.5K | -- | 100.0% |
| Jun 2026 | $141.22K | $141.22K | -- | 100.0% |
| May 2026 | $206.55K | $206.55K | -- | 100.0% |
Comparison
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Oct 20, 2026 | 25.7M ZRO | $49.87M | 6.43% | 3 Allocation |
| Nov 20, 2026 | 25.7M ZRO | $49.87M | 6.43% | 3 Allocation |
| Dec 20, 2026 | 25.7M ZRO | $49.87M | 6.43% | 3 Allocation |
Top Holders
| Address | Token | Quantity | 7d | Percentage | Value |
|---|---|---|---|---|---|
| 0x5c95...762b |   ZRO | 918,157,325.46 | -- | 91.82% | $1.78B |
| 0x64f3...efd3 | ZRO | 75,505,502.48 | -- | 7.55% | $146.48M |
| 0x5c95...762b |  ZRO | 918,157,325.46 | -- | 91.82% | $1.78B |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBybitCEX | ZRO/USDT | $1.34 | $296,375 | $415,872 | $2,556,611 | 2.37% |
| 2 | BBitgetCEX | ZRO/USDT | $1.34 | $142,148 | $143,137 | $1,345,657 | 1.25% |
| 3 | OOKXCEX | ZRO/USDT | $1.34 | $342,850 | $373,265 | $1,273,422 | 1.18% |
| 4 | ZRO/USD | $1.34 | $403,446 | $216,778 | $526,445 | 0.49% | |
| 5 | BBingXCEX | ZRO/USDT | $1.34 | $543,892 | $604,655 | $511,174 | 0.47% |
| 6 | UUpbitCEX | ZRO/KRW | $1.35 | $30,175 | $49,740 | $389,866 | 0.36% |
| 7 | KKrakenCEX | ZRO/USD | $1.34 | $110,777 | $118,846 | $214,660 | 0.20% |
| 8 | BBithumbCEX | ZRO/KRW | $1.35 | $44,484 | $10,591 | $207,209 | 0.19% |
| 9 | BBybitCEX | ZRO/USDC | $1.34 | $1,451 | $7,643 | $91,560 | 0.08% |
| 10 | ZRO/WETH | $1.33 | $8,184 | $8,159 | $90,208 | 0.08% |
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About LayerZero
LayerZero is a cross-chain interoperability protocol that enables different blockchains to communicate and transfer assets directly. Its core business is providing a messaging layer where developers can build cross-chain applications such as bridges, lending platforms, and stablecoins. The protocol uses a modular design with Ultra Light Nodes, oracles, and relayers to verify messages efficiently, while its V2 version introduces Decentralized Verifier Networks (DVNs) and Executors, allowing each application to customize its own security configuration.
Its main competitive edge lies in its "omnichain" narrative—supporting a wide range of chains with low cost and high efficiency, and giving developers flexibility to choose their own trust assumptions. The market pain point it addresses is blockchain fragmentation: assets and data are isolated across different networks, and traditional bridges often suffer from security vulnerabilities or high fees. LayerZero aims to solve this by providing a unified, programmable layer for cross-chain interactions.
However, in the past six months (2026-02-28 to 2026-08-29), LayerZero has faced significant challenges. A critical vulnerability was exposed in the Kelp DAO incident, where a 1-of-1 DVN configuration allowed a single compromised verifier to authorize fraudulent transactions, leading to the release of funds without actual token burns on the source chain. This incident undermined trust in LayerZero's security model, prompting a wave of migration: over $15 billion in assets moved from LayerZero-based bridges to Chainlink's CCIP, including major projects like BitGo, Kraken, Mantle, and Solv Protocol. In response, LayerZero removed support for 1-of-1 DVN setups and announced plans to shift most routes to stricter 5-of-5 verifier configurations, but this increases costs for applications and still leaves verification choices to individual deployers. Additionally, the ZRO token has seen a sharp decline, with market cap dropping to around $302 million, down 38.87% in the past month, partly due to a token unlock in June 2026 adding selling pressure. These events highlight structural concerns about LayerZero's revenue potential and long-term viability.
LayerZero's major milestones include the launch of V2, which introduced Decentralized Verification Networks (DVNs) and Executors, enabling modular security and permissionless execution. The protocol also expanded to 40+ testnets with V2, targeting mainnet in January 2024. In 2024, LayerZero announced ATLAS, an institutional-grade on-chain trading platform, signaling a move beyond cross-chain messaging into financial infrastructure. The protocol made a strategic decision to stop supporting 20 low-activity chains, focusing resources on high-value networks. Security incidents, such as the KelpDAO rsETH bridging attack and the executor wallet hack (~$2.1M loss), prompted LayerZero to adjust security policies, rebuild cloud infrastructure, and emphasize proper DVN configuration. These events highlighted the importance of customizable security stacks, leading to enhanced configurations for protocols like Ethena and ether.fi. LayerZero's commitment to forward and backward compatibility with V1, along with its push for unified semantics across EVM and non-EVM chains, solidifies its role as a foundational omnichain interoperability layer.
Co-founders and core executives:
Bryan Pellegrino - Co-founder & CEO. Previously founded Coder Den, BuzzDraft, and 80Trill. Led LayerZero's vision for omnichain interoperability.
Ryan Zarick - Co-founder & CTO. Computer science graduate from UNH. Co-founded Coder Den, BuzzDraft, and 80Trill. Focuses on protocol architecture and security.
Caleb Banister - Co-founder. Also co-founded Coder Den and 80Trill. Contributes to technical development and blockchain solutions.
Simon Baksys - Chief Business Officer. Drives partnerships, ecosystem growth, and commercial strategy.
LayerZero's recent team changes: two members departed. Nazreen (Developer Relations Engineer) joined in Nov 2024 and left in Mar 2026; Mark Murdock (Comms Lead) joined in Nov 2023 and left in Aug 2026. No new hires were recorded.