Cronos Connects To 115 Blockchains Via LayerZero

Cronos, the decentralized blockchain developed by Crypto.com, has integrated interoperability protocol LayerZero, enabling cross-chain communication with over 115 blockchain networks.

On Jan. 31, Cronos Labs announced that LayerZero (ZRO) was now live on the Cronos’ (CRO) EVM-compatible and zero-knowledge proofs mainnets. This integration allows developers on Cronos to build bridges connecting to more than 115 blockchains, including Ethereum and Solana.

Cronos EVM users can now transfer assets between the Cosmos SDK-powered chain and multiple EVM-compatible chains. The platform is also interoperable with the Solana ecosystem. Meanwhile, Cronos zkEVM users can leverage the native Ethereum bridge to connect with other Elastic chains.

LayerZero’s integration further enables cross-blockchain transfers between the Cronos zkEVM and various layer 1 and layer 2 networks.

“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,” Ken Timsit, managing director of Cronos Labs, said. 

Beyond token bridging, Cronos Labs is also exploring cross-chain prediction markets, asset tokenization, synthetic asset trading, and cross-chain lending. Growth plans include the rollout of decentralized finance applications for liquid staking and restaking.

With interoperability becoming increasingly vital in the blockchain and crypto space, platforms such as LayerZero and Wormhole have emerged as key providers. Ondo Finance, Defi.money, and BitGo are among the projects leveraging LayerZero’s technology.

In July, Flare announced it had integrated the cross-chain messaging protocol to connect to 75 blockchains.

RECENT NEWS

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Ether Surges 16% Amid Speculation Of US ETF Approval

New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more

BlackRock And The Institutional Embrace Of Bitcoin

BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more

Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business

Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more

Analyst: Bitcoin Price Rejects Key Resistance But Uptrend View Remains Intact

Bitcoin’s price in its early-December drop reflects algorithmic flows, thin liquidity, and a resistance retest, with v... Read more

Ripple Secures Expanded Payment License From The Monetary Authority Of Singapore

Ripple Labs has secured an expanded license from Singapore’s central bank, adding to its already strong regulatory foo... Read more