Flare, an L1 blockchain born for data, announced the integration of LayerZero V2, connecting 75 blockchains in one fell swoop, including Ethereum, Solana, and Ethereum L2 networks. This is a major milestone for Flare, and more than 50,000 dapps that use the LayerZero cross-chain messaging standard can use Flare. In addition, LayerZero also provides a way for all blockchains to integrate Flare's secure and decentralized data.
As a messaging protocol that enables cross-chain information sharing, LayerZero provides a secure way to pass messages between dapps. To date, LayerZero has facilitated more than 134 million cross-chain messaging and, as the underlying decentralized infrastructure, has facilitated the cross-chain movement of more than $50 billion in digital assets. In the past month alone, the cross-chain transaction volume of Stargate Finance, a native asset bridge developed based on the LayerZero universal messaging protocol, reached nearly $800 million.
A key advantage of LayerZero V2 is that dapps can leverage a modular security stack to confirm and authenticate messages from other blockchains. The stack consists of multiple decentralized verification networks (DVNs). Applications can require one or more DVNs to approve messages, allowing application developers on Flare to balance the security and efficiency requirements of the application and user base. Since LayerZero V2’s DVN does not require permission, the network can also build its own DVN to further improve security. Flare's data protocols are protected at the network layer and have the potential to form a secure and powerful DVN on LayerZero V2.
After integrating LayerZero V2, Flare can immediately and securely connect tens of thousands of dapps and services developed based on the leading blockchain. Dapp developers on Flare will also be able to reach a large number of new users and liquidity sources, and interact with all chains connected to LayerZero, including Solana, Ethereum and EVM L1 and L2.
By integrating with LayerZero, Flare expects to accelerate network growth, expand its user base and sources of liquidity while maintaining the highest standards of decentralization and security.
Hugo Philion, Co-founder of Flare: "This integration is invaluable to all users and developers on Flare. The deployment of LayerZero V2 will accelerate Flare's expansion and pave the way for developers to build all kinds of innovative interoperable products. I am particularly interested in how LayerZero can help Flare advance cross-chain money markets and leverage non-smart contract tokens such as BTC and XRP that Flare integrates. Other interesting angles include the ability for Flare developers to create full-chain FTs or chain-agnostic NFTs. We are also particularly interested in the opportunity for Flare to act as a highly secure DVN on LayerZero V2."
For example, developers can leverage LayerZero’s OFT standard to create tokens that can be used on all chains connected to LayerZero. New cross-chain money markets enable innovative DeFi use cases, such as users being able to deposit collateral on one chain and use that collateral to borrow assets on another chain, and Flare’s built-in oracles help provide timely price data.
“Flare is committed to achieving extremely high standards of decentralization and security. Integrating LayerZero V2’s decentralized validation network and modular security model in a permissionless manner represents a major step forward for Flare,” added Philion.
Kenny Zhang, Head of Ecosystem Growth at LayerZero: “Permissionless, censorship-resistant, and immutable are core principles we share with Flare, so we are excited to have Flare join our ecosystem. Their built-in data protocol offers an interesting value proposition that will hopefully inspire many developers in the space. We look forward to advancing full-chain applications on Flare and LayerZero.”
About Flare Network
Flare is a data-oriented blockchain and an EVM smart contract platform dedicated to supporting data-intensive use cases, including machine learning/AI, RWA tokenization, gaming, and social. With a decentralized built-in oracle secured at the network layer, Flare is the only smart contract platform optimized for decentralized data collection, including price and time series data, blockchain events and state data, and web2 API data. By enabling developers to access the widest range of data and data proofs at scale, at minimal cost and without trust, Flare expands the utility of blockchains, supporting the development of new use cases and improving old ones.
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About LayerZero
LayerZero is a technology that helps applications move data across chains, uniquely enabling censorship-resistant messaging and permissionless development through immutable smart contracts.
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