CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Bitcoin World 2025-01-31 15:29:58

Billions in Crypto Now Accessible to Cronos via LayerZero Bridge

LayerZero marking its availability on Cronos EVM and Cronos ZkEVM including mainnet and testnet networks. The integration allows access to 115+ blockchain networks apart from that developers can now build bridges, increase token utility, and can create more cross-chain applications. The move unlocks access to billions of dollars in crypto assets hosted on Cronos, paving the way for further protocol integrations and expanding the Cronos ecosystem. Ken Timsit, Managing Director of Cronos Labs, said: “Cross-chain interoperability has been a major priority of the Cronos project since its inception. Given the significant security and liquidity challenges associated with the fragmentation of the crypto industry, Cronos Labs is executing on that priority with caution and determination. In 2025, we expect much greater connectivity between crypto projects and traditional finance. The integration with LayerZero enables that.” Cronos Now Connected to 115+ Blockchains: We’re excited to announce that @LayerZero_Core , the leading cross-chain interoperability protocol, is now live on Cronos EVM and Cronos zkEVM! Read the full announcement: https://t.co/cyNqsFQi5D This integration connects Cronos… pic.twitter.com/SDLNK238WV — Cronos (@cronos_chain) January 31, 2025 Bryan Pellegrino, CEO of LayerZero Labs, added: “Cronos zkEVM is one of the first Elastic Chains LayerZero is expanding to, which is exciting, as the whole point of interoperability is to connect different types of chains. Excited to see what is built here!” Cronos EVM users can now seamlessly transfer assets between the Cosmos SDK ecosystem, other EVM chains, and Solana. Cronos zkEVM users retain their Ethereum bridge access and gain faster cross-chain transfers to a broad range of layer-1 and layer-2 networks. These improvements enhance interoperability across the Cronos ecosystem. Cronos Labs has announced that new bridging options, including CRO/zkCRO, will be added to the Cronos bridge portals ( cronos.org/bridge and zkevm.cronos.org/bridge ) in the coming weeks. The company is actively supporting developers building cross-chain dApps, particularly those exploring prediction markets, asset tokenization, synthetic asset trading, DeFi lending, and staking protocols. Cronos Labs is especially interested in applications leveraging LayerZero for cross-chain functionality, including those using locked collateral across different chains.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.