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Home ยป Flare Network Harnesses LayerZero to Link 75 Blockchains

Flare Network Harnesses LayerZero to Link 75 Blockchains

By adminJul. 5, 2024No Comments1 Min Read
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Flare Network Harnesses LayerZero to Link 75 Blockchains
Flare Network Harnesses LayerZero to Link 75 Blockchains
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The data-centric blockchain **Flare** has integrated with the cross-chain messaging platform **LayerZero**, providing decentralized data across 75 blockchains, including **Ethereum** and **Solana**. Users can now utilize the available data on 50,000 dApps hosted across various ecosystems using Flare. **Hugo Philion**, CEO of Flare Network, stated, “This is a highly valuable integration for all users and builders on Flare. Deploying LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a variety of innovative, interoperable products. The opportunity for Flare to act as a highly secure DVN on LayerZero V2 is particularly intriguing.” Despite Flare’s total value locked (TVL) on DefiLlama being only $9 million, the network’s usage has significantly increased since the TVL hovered around $40,000 in September 2023. The network’s FLR token fell by 12% last week, with a market capitalization of $930 million

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