The method employed by LayerZero uses on-chain light nodes in a much more economical way. It makes use of decentralized oracles to stream block headers on demand, so it doesn’t need to keep all block headers sequentially.

LayerZero is a user application (UA) configurable on-chain endpoint that runs a ULN. LayerZero relies on two parties to transfer messages between on-chain endpoints: the Oracle and the Relayer.

When a UA sends a message from chain A to chain B, the message is routed through the endpoint on chain A. The endpoint then notifies the UA specified Oracle and Relayer of the message and it's destination chain.

The Oracle forwards the block header to the endpoint on chain B and the Relayer then submits the transaction proof. The proof is validated on the destination chain and the message is forwarded to the destination address.

LayerZero Price Today

LayerZero's current price is $ 1.06, it has dropped -4.72% over the past 24 hours.

LayerZero's All Time High (ATH) of $ 7.52 was reached on Dec 6, 2024, and is currently -85.9% down.

The current circulating supply of LayerZero is 353.31 Million tokens, and the maximum supply of LayerZero is 1.00 Billion.

LayerZero’s 24 hour trading volume is $ 38.67 Million.

LayerZero's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 375.07 Million.

You can find more details about LayerZero on its official website and on the block explorer.

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