LayerZero's native token, ZRO, has surged nearly 22% to reach a four-month high, defying the broader crypto market downturn. This rally follows the announcement of LayerZero's new blockchain, Zero, which is backed by strategic investments from Citadel Securities and ARK Invest. The token reached an intraday high of $2.42 on Binance, with trading volume soaring by 410.60% to $491 million.
The new blockchain, Zero, aims to address scalability issues in decentralized systems, boasting capabilities of up to 2 million transactions per second per zone. It introduces innovations in storage, compute, networking, and zk proving. The blockchain is set to launch in fall 2026, with Citadel Securities and ARK Invest actively participating in its development and strategic investments in ZRO. This institutional backing has driven significant interest in ZRO, even as the overall crypto market experiences a decline.
ZRO Token Surges 22% Amid Broader Crypto Market Decline
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