Friday, January 31, 2025
LayerZero marking its availability on Cronos EVM and Cronos ZkEVM including mainnet and testnet networks. The integration allows access to 115+ blockchain networks apart from that developers can now build bridges, increase token utility, and can create more cross-chain applications.
The move unlocks access to billions of dollars in crypto assets hosted on Cronos, paving the way for further protocol integrations and expanding the Cronos ecosystem.
Ken Timsit, Managing Director of Cronos Labs, said: "Cross-chain interoperability has been a major priority of the Cronos project since its inception. Given the significant security and liquidity challenges associated with the fragmentation of the crypto industry, Cronos Labs is executing on that priority with caution and determination. In 2025, we expect much greater connectivity between crypto projects and traditional finance. The integration with LayerZero enables that."
⛓️ Cronos Now Connected to 115+ Blockchains: We’re excited to announce that @LayerZero_Core, the leading cross-chain interoperability protocol, is now live on Cronos EVM and Cronos zkEVM!
🔗 Read the full announcement: https://t.co/cyNqsFQi5D
⚒️ This integration connects Cronos… pic.twitter.com/SDLNK238WV
— Cronos (@cronos_chain) January 31, 2025
Bryan Pellegrino, CEO of LayerZero Labs, added: "Cronos zkEVM is one of the first Elastic Chains LayerZero is expanding to, which is exciting, as the whole point of interoperability is to connect different types of chains. Excited to see what is built here!"
Cronos EVM users can now seamlessly transfer assets between the Cosmos SDK ecosystem, other EVM chains, and Solana. Cronos zkEVM users retain their Ethereum bridge access and gain faster cross-chain transfers to a broad range of layer-1 and layer-2 networks. These improvements enhance interoperability across the Cronos ecosystem.
Cronos Labs has announced that new bridging options, including CRO/zkCRO, will be added to the Cronos bridge portals (cronos.org/bridge and zkevm.cronos.org/bridge) in the coming weeks. The company is actively supporting developers building cross-chain dApps, particularly those exploring prediction markets, asset tokenization, synthetic asset trading, DeFi lending, and staking protocols.
Cronos Labs is especially interested in applications leveraging LayerZero for cross-chain functionality, including those using locked collateral across different chains. https://bitcoinworld.co.in/billions-in-crypto-now-accessible-to-cronos-via-layerzero-bridge/
Subscribe to:
Post Comments (Atom)
Along with the explosive growth of cryptocurrency, staking has been considered a lucrative passive income earner and one of the great ways t...
-
Have you been searching for the most definitive choice in cryptocurrencies to invest in? Well, what if someone asked you to invest in a meme...
-
Wormhole, a popular bridge connecting various blockchains, announced an airdrop of its "W" token. Though no exact date is set, a s...
-
According to security firm CertiK, “Suspicious” transactions totaling over $3M were sent out of Bitcoin Lightning-based exchange FixedFloat ...
No comments:
Post a Comment