ZRO, the native token of the omnichain interpretability protocol LayerZero, has skyrocketed more than 40% on the past day following the announcement of its new Layer-1 (L1) blockchain backed by major institutional players.
LayerZero Unveils Zero Blockchain
On Tuesday, LayerZero Labs announced a new L1 blockchain, Zero, aimed at institutional financial markets. According to the announcement, it is set to launch in fall 2026, with three initial “zones,” described as permissionless environments fully owned and governed by the underlying network.
Moreover, ZRO will serve as the network’s native token, providing interoperability between Zones and across the 165+ blockchains it connects.
Designed to “eliminate the long-standing scalability challenges of decentralized networks,” Zero is set to process 2 million transactions per second (TPS) per Zone and charge near-zero fees by targeting four primary bottlenecks.
“By leveraging Zero-Knowledge (ZK) proofs to decouple e
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