Flare integrates LayerZeroV2,connecting its Layer1blockchain to75other blockchainnetworks,enhancing its accessibility andinteroperability.
Points
- FlarecannowconnecttomajorblockchainnetworkssuchasEthereumandSolana.
- Theintegrationbringsover50,000dAppstoFlare.
- Benefitsincludesecureconnectivity,accesstonewusers,andliquidity.
- Flare’sdecentralizationisenhancedthroughthisintegration.
- LayerZeroV2’smodularsecuritystackbolsterscross-chainmessaging.
Thecross-chainmessaging platform LayerZero has integratedFlare,connecting the Layer1blockchain for data to75blockchainnetworks.As announced onWednesday,this integration means Flare can now connect to major blockchain networks such as Ethereum andSolana.The milestone also makes Flare accessible to multiple Ethereum Layer2(L2)networks,bringing over50,000decentralized applications(dApps)toFlare.
“Thisis an incredibly valuable integration for all users and builders onFlare.Deployment of LayerZeroV2will help accelerateFlare’sexpansion,paving the way for builders to develop a wide variety of innovative interoperableproducts,”said Flareco-founderHugoPhilion.
While the integration will help any chain connect and leverageFlare’sdecentralizeddata,there are numerous benefits toFlare.Apart from becoming a DVN(DecentralizedVerifierNetwork)on LayerZeroV2,the integration also brings benefits such as secure connectivity todApps,access to newusers,andliquidity.Flare will also benefit from greaterdecentralization.
“Ofgreat interest to me is the ability of LayerZero to help Flare facilitate across-chainmoneymarket,leveraging inaddition,the integration on Flare ofnon-smartcontracttokens,such as BTC andXRP,”the Flareco-foundernoted.“Otherinteresting angles are the ability of Flare builders to create omnichain fungible tokens orchain-agnosticNFTs.The opportunity for Flare to serve as a highly secure DVN on LayerZeroV2is of particularinterest.”
LayerZero’scross-chainmessaging protocol has facilitated more than134millioncross-chainmessages and helped secure the bridging of over$50billion incrypto.Forinstance,LayerZero-basedbridge protocol Stargate Finance recorded nearly$800million worth of bridged assets in Junealone.
解説
- Flare’sintegrationwithLayerZeroV2significantlyenhancesitsconnectivityandinteroperability,makingitacrucialplayerinthecross-chainecosystem.
- TheabilitytoconnectwithmajorblockchainslikeEthereumandSolana,aswellasnumerousL2networks,positionsFlaretoattractawidearrayofdevelopersandusers.
- Theintegration’sbenefits,includingsecureconnectivityandaccesstonewliquidity,underscorethestrategicimportanceofcross-chainsolutionsintheblockchainindustry.
- LayerZeroV2’smodularsecuritystackandDVNcapabilitieshighlighttheinnovativeapproachestoenhancingblockchainsecurityandfunctionality.