LayerZero Acquires Stargate Bridge for $110M, Reshaping Cross-Chain DeFi

LayerZero Foundation has announced a strategic acquisition of the Stargate Bridge protocol for $110 million. This move signals a significant shift in cross-chain infrastructure and tokenomics. The acquisition aims to replace the existing STG token with ZRO, as a response to declining STG values. 70% approval from STG holders is required, triggering immediate market shifts with price surges for both tokens.