Author: @0xMavWisdom

LayerZero, also known as the “king of the full-chain,” completed a $120 million Series B financing on April 4th, led by a16z Crypto and Sequoia Capital, bringing its valuation to $3 billion. As a full-chain interoperability protocol, LayerZero has integrated with multiple protocols in the DeFi and NFT fields, including some excellent projects. This article will introduce LayerZero’s main projects.

Bridge

Stargate

Stargate is the first dApp built on LayerZero and also a fully composable native asset bridge. With LayerZero’s Series B funding, Stargate’s daily interactions have surged. Currently, users can transfer various assets, including USDC, USDT, DAI, STG, RDNT, FRAX, and more, across 8 public chains that including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Fantom, Metis, and Avalanche. A 0.06% fee will be charged for non-STG asset transfers. Additionally, users can provide liquidity on different public chains through Stargate and receive staking rewards.

Stargate has issued the STG Token, and holders can stake their STG to not only receive protocol revenue sharing but also exchange their shares for veSTG based on their staking duration, which allows them to participate in proposals, voting, and other community governance activities. Currently, holders can stake for periods ranging from 1 to 36 months. As of April 7th, Stargate’s TVL exceeded $410 million, and the number of transactions in April has exceeded 470,000, setting a new record for monthly transactions.

Aptos Bridge

Aptos Bridge supports multiple assets, including ETH, USDC, USDT, WETH, USDD, CAKE, BTC.b, and more, as well as bridging 6 EVM-compatible chains, including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, and Avalanche to the Aptos network. It is important to note that there is a 2–3 day waiting period for users to withdraw assets from Aptos.

USDC Bridge

The USDC Bridge is a cross-chain bridge for USDC created by Circle in collaboration with LayerZero. Currently, it supports cross-chain testing of USDC testnet tokens between Avalanche’s Fuji testnet and Ethereum’s Goerli testnet. Users can obtain testnet tokens from the faucet to participate in cross-chain activities.

Holograph

Holograph is an NFT cross-chain bridge that currently allows users to bridge NFTs across Ethereum, Polygon, and Avalanche. In addition to cross-chain NFT transfers, users can also create their own NFTs on the Holograph platform.

BTC.b（Bitcoin Bridge）

BTC.b is a bridge created specifically for BTC assets, utilizing the LayerZero Omnichain Fungible Token (OFT) standard to seamlessly integrate BTC across all LayerZero-supported networks. This allows users to transfer BTC assets across Ethereum, BSC, Arbitrum, Optimism, Fantom, Avalanche, and Aptos.

Testnet Bridge

The Testnet Bridge is a public product launched by LayerZero for developers. Developers can exchange GETH on the Ethereum Goerli testnet for ETH on Ethereum, or exchange GETH on Ethereum, Arbitrum, and Optimism for GETH on the Goerli testnet. The exchange via Testnet Bridge solves the problem of developers not having enough GETH to conduct project testing.

DEX

Hashflow

Hashflow is a decentralized exchange that aims to achieve interoperability, zero slippage, and MEV protection. Users can experience cross-chain trading on Hashflow, exchanging various assets such as ETH, MATIC, and USDT across 6 public chains including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, and Avalanche.

Sushiswap

Sushiswap is one of the veteran DeFi projects but also a rising star in LayerZero’s cross-chain asset protocol. Users can use this platform for cross-chain asset trading on Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, and Fantom. The supported cross-chain trading assets include ARB, ETH, USDT, DAI, and more.

Lending

Radiant Capital

Radiant is a full-chain lending platform that has integrated with Arbitrum and BNB Chain. Users can deposit or borrow 5 assets, including ETH, USDT, DAI, USDC, and WBTC on Arbitrum, and 6 assets, including ETH, USDT, USDC, BTCB, BUSD, and BNB on BNB Chain. According to official data, Radiant’s assets on Arbitrum currently total $315 million, making it the largest lending protocol on Arbitrum; assets on BNB Chain exceed $160 million. Radiant has issued RDNT Token, which is mainly used to incentivize liquidity provision and governance, and supports RDNT bridging between BNB Chain and Arbitrum.

Perpetual contract

Rage Trade

Rage Trade is a derivatives exchange built on LayerZero, where users can trade futures or options. Rage Trade generates revenue by bridging the ETH/USD pool of protocols such as GMX and Sushiswap, and provides cyclic liquidity. Rage Trade can use LP tokens from other blockchains such as Polygon, Avalanche, and Solana as liquidity for the protocol on the Arbitrum chain. For example, when 3CRV LP tokens are used as collateral on Chain A, they can also provide virtual liquidity for Rage Trade on Chain B. Currently, Rage Trade has not issued tokens.

NFT

Omni X

Omni X is a full-chain NFT platform built on LayerZero, supporting NFT trading on 8 public chains, including Ethereum, Arbitrum, Optimism, BNB Chain, Avalanche, Moonbeam, Polygon, and Fantom. In the future, it will expand to integrate with Solana and other non-EVM chains. Currently, Omni X has not yet opened its mainnet and is still in testing.

Gh0stly Gh0sts

Gh0stly Gh0sts is the first full-chain NFT on LayerZero, with a total supply of 7710. The current floor price is 0.195 ETH, and it is also regarded by the community as the NFT most likely to receive potential airdrop weight in the future on LayerZero.

Domain name

LayerZero Name Service

LayerZero Name Service is a domain name service designed specifically for multi-chain use. After completing registration with LayerZero Name Service, users can display their on-chain domain name identity on 8 public chains including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Fantom, Metis, and Avalanche. Currently, the registration fee for domain names with five or more digits is $5 per year, $30 per year for domain names with four digits, and $100 per year for domain names with three digits. Users can choose to register for 1 year, 2 years, 5 years, or 10 years. Currently, user registration can only be done on Ethereum. As of April 7th, there are 9,500 addresses registered with LayerZero Name Service.

Reference: https://bixinventures.medium.com/portfolio-insights-layerzero-fdda888c5188

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