Dubai — Flare, the innovative layer 1 blockchain for data, has integrated with LayerZero V2, connecting it to 75 blockchains, including Ethereum, Solana, and various Ethereum Layer 2 networks. This major milestone allows Flare to become accessible to over 50,000 decentralized applications that utilize LayerZero's cross-chain messaging standards.
LayerZero V2, a cross-chain messaging protocol, enables secure information sharing across blockchains. To date, LayerZero has facilitated over 134 million cross-chain messages and supported the bridging of over $50 billion in digital assets. In June alone, Stargate Finance, a bridge built on LayerZero, saw nearly $800 million in bridging transaction volume.
A key feature of LayerZero V2 is its modular security stack, which includes multiple Decentralized Verifier Networks (DVNs). These DVNs allow applications to require message approval, enabling developers to balance security and efficiency for their user base. The integration allows Flare’s enshrined data protocols to potentially serve as a secure DVN on LayerZero V2.
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The integration with LayerZero V2 offers Flare immediate and secure connectivity to thousands of dApps across major blockchains. For developers on Flare, this means access to new users and liquidity sources across all LayerZero-connected chains, including Solana, Ethereum, and various EVM Layer 1 and Layer 2 chains.
"Flare’s high standards for decentralization and security align perfectly with LayerZero’s principles of permissionless, censorship-resistant, and immutable development. We look forward to seeing the development of omnichain applications on both Flare and LayerZero."
Kenny Zhang, Ecosystem Growth Lead at LayerZero
Flare’s integration with LayerZero is expected to accelerate network growth, expand its user base, and increase liquidity sources while maintaining high standards of decentralization and security. Flare Co-Founder Hugo Philion highlighted the potential for innovative interoperable products, including cross-chain money markets, omnichain fungible tokens, and chain-agnostic NFTs.
LayerZero’s Omnichain Fungible Token (OFT) standard allows the creation of tokens usable across any LayerZero-connected chain. This opens the door to new DeFi use cases, such as using assets as collateral on one chain to borrow assets from another, facilitated by Flare’s oracles for price discovery.
About Flare Network
Flare is a blockchain for data, designed to support data-intensive use cases such as Machine Learning/AI, RWA tokenization, gaming, and social applications. Flare provides decentralized, enshrined oracles for secure data acquisition at minimal cost, expanding the utility of blockchain technology.
About LayerZero
LayerZero enables applications to move data across blockchains, supporting censorship-resistant messages and permissionless development through immutable smart contracts.
