On February 11, news reports indicate that LayerZero (ZRO) increased approximately 22.36% over the past 24 hours, with the price briefly reaching $2.45 and currently hovering around $2.35. Driven by multiple major positive developments, ZRO’s trading volume surged 328% intraday to approximately $500 million, reflecting a rapid return of capital and attention.
The core catalyst for this rally comes from LayerZero Labs’ release of the new Layer-1 network Zero. The platform targets institutional financial markets and is scheduled to launch in fall 2026. Zero will utilize zero-knowledge proofs and the Jolt virtual machine architecture. The team claims its theoretical throughput can reach 2 million transactions per second, addressing scalability and efficiency bottlenecks faced by traditional blockchains. The network will establish three permissionless “zones” governed by the underlying protocol, with ZRO serving as the native token and governance asset.
Meanwhile, Citadel Securities’ strategic investment in ZRO has triggered strong market reactions. As a globally recognized market maker, their direct token holdings are uncommon. ARK Invest also holds stakes in LayerZero and ZRO, with Cathie Wood, ICE executive Michael Blaugrund, and former BNY Digital Assets head Caroline Butler joining Zero’s advisory board. Tether Investments has also disclosed strategic support for LayerZero Labs.
On the application front, several institutions plan to test Zero technology. Google Cloud is exploring AI agent payment scenarios based on Zero; ICE is considering building a 24/7 trading and clearing system; DTCC is examining its scalability for tokenization and collateral management. Citadel is also evaluating high-throughput trading workflows with LayerZero.
Boosted by these developments, ZRO quickly rebounded from a low of $1.64, with its market cap rising to approximately $694 million. The trading volume to market cap ratio reached 71%, indicating significantly increased short-term trading activity. However, the token remains below its December 7, 2024, high of $7.53, and its future trajectory will depend on institutional adoption progress and market sentiment shifts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Today’s News: Arizona Proposes Legislation to Include XRP as a Treasury Reserve Asset
The Arizona House Rules Committee unanimously passed the SB1649 bill, establishing a Digital Assets Strategic Reserve Fund that puts digital assets such as XRP under the management of the Department of the Treasury, and allows revenue to be generated through methods such as staking. If the bill passes, it will become the first U.S. state to officially recognize XRP as a fiscal reserve asset. XRP is currently trading at $1.28 and faces challenges from technical support and resistance.
MarketWhisper1h ago
Gate Daily Report (April 3): Bitcoin miner MARA lays off 15%; North Korea is accused of attacking Drift to profit 286 million
Bitcoin (BTC) gives back this week’s gains, temporarily trading at around $66,780 on April 3. Bitcoin miner MARA cut 15% of its workforce, shifting its strategy toward energy and digital infrastructure. Blockchain analytics firm Elliptic says North Korean hackers may exploit a vulnerability in the Drift Protocol to profit $286 million.
MarketWhisper1h ago
DRIFT (Drift Protocol) is up 24.16% in the last 24 hours, currently trading at $0.0561
As of April 3, DRIFT’s price is up 24.16%, now trading at $0.0561, with a market cap of approximately $32.62 million. Drift Protocol, as a decentralized exchange, has performed well in terms of security and liquidity, but trading has been restricted due to recent security incidents and risk management measures by South Korean exchanges, which has increased market volatility.
GateNews1h ago
XPL (Plasma) up 11.34% in 24 hours
Gate News, April 3, according to Gate market data, as of the time of this release, XPL (Plasma) is trading at $0.12. As of the time of this report, it has increased by 11.34% in the past 24 hours, reaching a high of $0.17 and dropping to a low of $0.10. The 24-hour trading volume is $9.1528 million. Its current market cap is approximately $281 million.
Plasma is a high-performance Layer 1 blockchain designed specifically for stablecoins. Plasma is committed to serving the stablecoin market that has already surpassed a total issuance of $275 billion and monthly transaction volumes in the tens of trillions of dollars. Its core advantages include: zero-fee USDT transfers, custom Gas tokens, and convenient crypto payments. At the same time, supported by outstanding throughput, it provides solid backing for global-level transaction circulation.
This news does not constitute investment advice; investors should be mindful of market volatility.
GateNews2h ago
Why is Bitcoin down today? Trump’s “Stone Age” comments trigger a $440 million liquidation
Trump, in a speech on April 2, warned Iran, causing market risk sentiment to contract sharply; Bitcoin fell by about 4%, hitting a low of $65,789. Rising oil prices and a strengthening dollar index intensified macro pressure, further impacting the market. From a technical perspective, Bitcoin may face a key support level at $64,000.
MarketWhisper2h ago
Today’s Crypto Fear and Greed Index has fallen to 9, and the market is in extreme fear.
Gate News message, April 3, Alternative.me data shows that today’s Crypto Fear and Greed Index fell to 9, and the market is in an “extreme fear” state. Yesterday, the index was 12, also in an “extreme fear” state.
GateNews2h ago
