Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Data blockchain Flare connects to over 70 blockchains via LayerZero integration

Data blockchain Flare connects to over 70 blockchains via LayerZero integration

The BlockThe Block2024/07/03 14:10
By:The Block

Quick Take The move allows Flare to access Layer 1 networks such as Ethereum and Solana, in addition to over 70 other blockchains.

The data-focused blockchain Flare FLR -2.051% has been integrated into the cross-chain messaging platform LayerZero.

The move allows Flare to access Layer 1 networks such as Ethereum and Solana, in addition to over 70 other blockchains. The more than 50,000 decentralized applications that have added support for Flare can now use Flare, and any chain can incorporate Flare for decentralized data, according to a release shared with The Block.

"This is an incredibly valuable integration for all users and builders on Flare," said the firm's co-founder Hugo Philion in a statement. "Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative interoperable products."

The crypto data tracker DeFiLlama finds Flare maintains $10.23 million in total value locked.

LayerZero saw around 40,150 daily messages as of June 28, according to The Block's Data Dashboard . The platform's number of daily messages slunk to lows after LayerZero sought an experimental approach to weed out sybil farmers, or individuals using a crypto platform only to achieve as much airdrop as possible.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!