LayerZero to Acquire Stargate Bridge for $110 Million, Revolutionizing Cross-Chain Liquidity

LayerZero Foundation has proposed a significant acquisition of the Stargate bridge, aiming to enhance its omnichain interoperability framework. This strategic move is projected to reshape cross-chain liquidity dynamics in the blockchain landscape, potentially impacting major DeFi assets and expanding LayerZero’s influence within the sector. 💰 The acquisition, valued at $110 million, will significantly affect the crypto industry by addressing cross-chain asset transfers and bolstering interoperability protocols.