TechFlow reports that Messari has released LayerZero's Q2 2024 status report. LayerZero added support for 12 new networks, facilitated $5 billion in cross-chain asset transfers, and saw average transaction value grow 78% to over $400.
Ethereum network transfer volume increased 26% quarter-over-quarter to $913 million, driven primarily by the Dencun upgrade reducing gas fees and the introduction of omnichain restaking.
On June 20, LayerZero airdropped ZRO tokens to 1.28 million eligible wallets using anti-Sybil measures and a "Proof of Donation" mechanism.
In Q2, over 50,000 omnichain application (OApp) contracts were deployed on LayerZero, spanning gaming, DeFi, AI, and other sectors.
LayerZero currently enables secure communication across more than 80 networks, providing interoperability solutions for omnichain applications.
