The developers of the omnichain protocol LayerZero announced its integration with zkEVM for scaling Ethereum.
LayerZero is live on @0xPolygon zkEVM mainnet! pic.twitter.com/xp4vazQdU3
— LayerZero Labs (@LayerZero_Labs) April 25, 2023
“We continue to strive to bring LayerZero to every network. Developers using Polygon’s zkEVM can easily add more than 30 supported chains,” said representatives of the project.
The protocol developed by the company connects disparate blockchains, enabling dapps to transfer data between chains. According to LayerZero Labs representatives, their project combines the economic efficiency Polkadot and the security Cosmos.
The Stargate bridge enables token transfers in a single transaction, without resorting to locking, minting and burning, or redemption of wrapped assets.
LayerZero supports Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Aptos, Arbitrum, Optimism and other networks. The protocol has been integrated with Uniswap, SushiSwap and PancakeSwap.
The solution also supports NFT transfers via Omnichain Non-Fungible Tokens.
In early April, the LayerZero team raised $120 million at a valuation of $3 billion.
In late March, Polygon developers launched the beta mainnet of zkEVM.
The solution uses zero-knowledge proof technology (ZK-Rollups), performing off-chain computations on the second layer to reduce costs and speed up transactions.
zkEVM is equivalent to the EVM, meaning it supports the mainnet code and allows developers to use existing tools and infrastructure.