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
Why is Bitcoin down today? Saudi petrochemical industrial facilities were hit, and Trump issued an ultimatum to Iran
Bitcoin (BTC) fell to about $68,800 on April 7, driven by geopolitical risks in the Middle East and Trump’s hardline remarks toward Iran. The Saudi explosion incident boosted global safe-haven sentiment, and technical indicators showed overbought pressure. In addition, Bitcoin’s key support lies in the $67,500 to $69,500 range; if it breaks below $66,000, the risk will widen to $64,000. Several analysts believe the pullback is more like a healthy correction rather than a trend reversal.
MarketWhisper20m ago
The Crypto Fear and Greed Index fell to 11 today, and the market is still in an extreme state of fear
Gate News, April 7: According to Alternative.me data, the Crypto Fear and Greed Index today dropped to 11, down further from yesterday’s 13. The market remains in an “extreme fear” state.
GateNews1h ago
Polymarket will roll out its V2 trading engine and its native stablecoin, Polymarket USD, within the next 2–3 weeks.
Polymarket announcement: a major upgrade is planned in the next 2–3 weeks, including rebuilding the trading engine, introducing Polymarket USD, optimizing order-matching efficiency, and more. This upgrade is the largest scale since the platform launched, and it will improve trading efficiency while reducing users’ concerns about non-official assets.
GateNews8h ago
Top 100 tokens by market cap: Gainers and losers—ENA is up 8.41% leading the pack, while DEXE is down 2.93% at the bottom
On April 6, the performance of the top 100 cryptocurrencies showed the largest gain and loss: Ethena (ENA) had the highest increase at 8.41%; DeXe (DEXE) had the highest decline at 2.93%. Overall market volatility was evident.
GateNews9h ago
Precious metals fall broadly; ETH volatility index EVIX drops 3.7% intraday
On April 6, gold prices fell to $4,675.42 per ounce, and silver prices were $72.681 per ounce. In the crypto market, the BTC and ETH volatility indexes were 47.66 and 67.41, respectively. In the FX market, the U.S. dollar versus the Chinese yuan and the Japanese yen edged down, European stock indexes generally declined, WTI crude oil rose, and Brent crude oil fell. The Gate platform supports trading for a variety of financial market products.
GateNews10h ago
CoinDesk 20 performance update: NEAR Protocol (NEAR) jumps 8.1% over weekend
CoinDesk Indices reports a daily update on the CoinDesk 20 Index, which is trading at 1968.74, up 3.5%. Seventeen assets have gained, with NEAR leading at +8.1% and BCH as the laggard at -0.6%.
CoinDesk11h ago
