LayerZero Labs Emerges As A Top Multi-Chain Entity, Surpasses 3000 Wallets

Key Points:

• The LayerZero: Aptos Bridge has seen over 3,000 wallets and $4.2M inflow in the last 7 days, with a total bridge volume/token balance of $20 million.
• While its user count on Ethereum has decreased slightly, it has seen significant growth on other chains such as BNB Chain and Avalanche.

LayerZero Labs has gained significant traction across multiple blockchains, with high transaction volumes and user engagement.

LayerZero Labs, a provider of blockchain infrastructure, has raised $120 million at a $3 billion valuation. The company has been gaining attention in the crypto community, with its ZRO airdrop tweets going viral again.

It is among the top entities on several popular blockchain networks, including Arbitrum, Optimism, Avalanche, BNB Chain, and Fantom. In the last 7 days alone, over 3,000 wallets used its Aptos Bridge, resulting in a $4.2 million inflow. The bridge’s volume and token balances have also increased to $20 million, primarily in USDC, followed by USDT and WETH.

According to data from Nansen, LayerZero, StargateFinance, and RDNTCapital are among the most popular entities on Arbitrum in terms of users and transactions. In the last 7 days, LayerZero had 125,715 users, while Radiant had 112,807 and Stargate had 111,150.

LayerZero and Stargate are also among the top 5 entities on Optimism in terms of 7-day users. In the last 7 days, Stargate had 25,908 users, while LayerZero had 14,272 with 21k+ transactions.

The number of these two firms’ 7-day users and transactions on Ethereum has decreased slightly. Stargate had 17,507 users with 64.8k+ transactions, while it had 12,987 users with 37.5k+ transactions.

LayerZero had 148.6k+ transactions on Avalanche in the last 7 days with just 1,214 users. The company is also the 7 entity on BNBChain by 7-day transactions change, up 100% from the previous 7-day timeframe. In the last 7 days, it had 27,174 users with 115.1k+ transactions, while Stargate had 33,244 users with 175.9k+ transactions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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