The collaboration will broaden entry to 50,000 decentralized apps hosted by Flare.
Knowledge-focused blockchain Flare has built-in with the cross-chain messaging platform LayerZero to supply decentralized information throughout 75 blockchains, together with Ethereum and Solana.
Customers will now have the ability to use the info obtainable on the 50,000 dApps that Flare hosts throughout a wide range of ecosystems.
“This is an incredibly valuable integration for all users and builders on Flare,” mentioned Hugo Philion, CEO of Flare Community. “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 opportunity for Flare to serve as a highly secure DVN on LayerZero V2 is of particular interest.”
Though Flare reveals a meager $9 million in complete worth locked (TVL) on DefiLlama, the community has loved a major improve in utilization since September 2023, when TVL hovered round $40,000.
The community’s FLR token is down 12% within the final week and trades at a $930 million market capitalization.
