LayerZero and Flare Partner Up: Open Access to Over 50K dApps

Bittime - The Flare ecosystem has expanded dramatically with the integration of LayerZero V2, opening up access to thousands of decentralized applications (DApps). This integration provides access to approximately 50,000 DApps, marking a significant milestone for Flare and its community.

Focus on Users and Sustainability

Flare, a blockchain known for its data-driven approach, recently integrated with LayerZero, a cross-chain messaging platform. This strategic move allows Flare to connect with major Layer-1 networks such as Solana, Ethereum, and 70 other blockchains. 

As a result, the vast array of DApps that already support Flare can now take full advantage of its network capabilities. According to the latest update, any blockchain can now integrate Flare for decentralized data services.

Hugo Philion Co-Founder of Flare

Emphasizing the importance of this integration, calling it extremely beneficial for users and developers on the Flare network. Philion believes that the use of LayerZero V2 will significantly accelerate Flare's growth, enabling developers to create a variety of innovative interoperable products.

Cross-Chain Messaging Protocol LayerZero Reaches $800 Million in Transactions

LayerZero is named the leading cross-chain messaging protocol, facilitating secure data exchange across different blockchains. Since its launch, LayerZero has processed over 134 million cross-chain messages and supported the transfer of over $50 billion in digital assets. 

In June, Stargate Finance, a bridge built on the LayerZero network, recorded a bridging transaction volume of nearly $800 million.

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Leveraging LayerZero's Modular Security Stack

LayerZero’s standout feature is its modular security stack, which includes multiple Decentralized Verifier Networks (DVNs). These DVNs ensure applications receive message approval, helping developers balance security and efficiency for their users. This integration allows Flare’s native data protocol to potentially serve as a secure DVN within LayerZero V2.

ZRO Token and Donation Feature

The new system also introduces the ability for users to claim ZRO tokens by donating $0.10 per ZRO. These donations, paid in USDC, USDT, or ETH, will go to the Protocol Guild, an organization that supports Ethereum developers. 

The LayerZero Foundation will match donations up to $10 million, with a goal of contributing a total of $18.5 million to the Protocol Guild.

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Conclusion

With the integration of LayerZero V2, Flare not only strengthens its ecosystem but also provides its users and developers with new opportunities to innovate and grow in the decentralized finance space.

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