This integration allows builders to create bridges, develop tokens, and develop an unlimited variety of cross-blockchain functions connecting Cronos customers to the aggregated liquidity of 115+ blockchain networks supported by LayerZero, together with Ethereum, Solana, and many of the EVM-compatible layer 1 and layer 2 networks.
Hong Kong, Hong Kong, January 31st, 2025, Chainwire
Cronos Labs and Layer Zero introduced at the moment that LayerZero, the main cross-blockchain interoperability protocol, is now reside on Cronos EVM and Cronos zkEVM, together with mainnet and testnet networks.
This vital milestone is sure to be adopted by many different protocol integrations, on condition that a whole bunch of functions leveraging LayerZero can now supply their providers to Cronos customers and entry a number of billions of U.S. {dollars} of crypto belongings securely hosted on Cronos.
For Cronos EVM, the main EVM-compatible layer 1 community constructed on the Cosmos SDK, which means customers will be capable of switch their belongings seamlessly between the Cosmos SDK ecosystem and dozens of different EVM-compatible blockchains in addition to Solana. Cronos EVM is interoperable with the Cosmos SDK ecosystem through IBC – the Inter Blockchain Communication protocol.
For Cronos zkEVM, the primary Elastic Chain (layer 2) to be launched in mainnet after ZKSync Period, which means customers will proceed to learn from the native Ethereum bridge shared with greater than 10+ different Elastic chains whereas additionally having the choice to execute quicker cross-blockchain transfers with a broad vary of layer 1 and layer 2 networks.
Ken Timsit, Managing Director of Cronos Labs, stated: “Cross-chain interoperability has been a significant precedence of the Cronos undertaking since its inception. Given the numerous safety and liquidity challenges related to the fragmentation of the crypto trade, Cronos Labs is executing on that precedence with warning and dedication. In 2025, we count on a lot higher connectivity between crypto tasks and conventional finance. The combination with LayerZero allows that.”
Bryan Pellegrino, CEO of LayerZero Labs, added: “Cronos zkEVM is without doubt one of the first Elastic Chains LayerZero is increasing to, which is thrilling, as the entire level of interoperability is to attach various kinds of chains. Excited to see what’s constructed right here!”
As LayerZero is primarily a developer instrument, these thrilling cross-blockchain functionalities usually are not but reside for many finish customers. Extra bulletins are anticipated within the coming weeks.
New cross-blockchain bridging choices will likely be added as third-party hyperlinks on the official Cronos bridge portals out there respectively at cronos.org/bridge for Cronos EVM and zkevm.cronos.org/bridge for Cronos zkEVM. This may embody new CRO / zkCRO and different token bridging choices between Cronos EVM and Cronos zkEVM, which will likely be developed over the approaching weeks.
In the meantime, Cronos Labs stands able to assist all builders who want to use these thrilling new functionalities. In addition to token bridging, Cronos Labs is especially desirous about supporting decentralized functions that use Layer Zero’s expertise to develop use circumstances corresponding to: cross-chain prediction markets; tokenization of real-world belongings; buying and selling platforms for artificial belongings; cross-chain lending protocols and different DeFi functions which can be in a position to make use of locked collateral on any chain; and liquid staking and restaking protocols.
Please contact Cronos Labs for developer assist and go to Layer Zero’s documentation for reference materials.
About Cronos
Cronos (cronos.org) is a number one blockchain ecosystem that has partnered with Crypto.com and greater than 500 utility builders and contributors, representing an addressable person base of greater than 100 million individuals worldwide. Cronos’ mission is to unlock the way forward for finance for everybody, making it simple and protected for communities to undertake self-custody and web3, specializing in Decentralized Finance and Gaming, and with AI brokers as the brand new interface between customers and the community.
Cronos ranks among the many high 15 blockchain ecosystems, encompassing over 6 billion US {dollars} of person belongings. Since its inception, it has securely settled greater than 150 million transactions. It encompasses three chains: Cronos zkEVM, a brand new high-performance layer 2 community secured by Ethereum; Cronos EVM, the main Ethereum-compatible blockchain constructed on the Cosmos SDK; and Cronos POS, a high Cosmos chain for funds and NFTs.
Transaction charges are paid in Cronos ($CRO), a blue-chip cryptocurrency.
Cronos is supported by Cronos Labs, the 100 M$ web3 start-up accelerator targeted on DeFi, GameFi, and the event of the Cronos ecosystem.
About Layer Zero
LayerZero is a permissionless, censorship-resistant, and immutable protocol that connects 100+ blockchains. Utilizing LayerZero, builders can ship arbitrary messages throughout chains whereas preserving full management over their utility’s safety. For instance, any sort of good contract on a single chain may be natively programmed throughout a number of chains. LayerZero is utilized by a whole bunch of protocols, from omnichain tokens like WBTC, PYUSD, and WIF, to among the largest functions in crypto, like EtherFi, Ethena, and EigenLayer.
Contact
Market Throughout
pr@marketacross.com
Press Launch Press Launch Read More
