Cross-Chain communication protocol platform LayerZero has crossed 50 million cross-chain messages, as revealed by the platform on Tuesday, July 25. This significant milestone proves the massive trading activity and cross-chain token swaps that happen across several chains daily.
LayerZero’s Impressive Growth
The ‘50-million cross-chain messages’ is undoubtedly a testament to how much LayerZero has achieved in the space. Due to the project’s disruptive vision, it has received enormous backing from some of the ecosystem’s biggest Venture Capitalists (VC).
Three months ago, LayerZero raised $120 million from prominent backers like auction company Christie’s, renowned VC firms Sequoia Capital and Andreessen Horowitz, Capital market company Samsung Next, OpenSea Ventures, and Circle Ventures. What is more impressive is that LayerZero was valued at $3 billion during this Series B funding round, almost three times its $135 million valuation during the funding round held back in
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