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New Cardano deal opens a path to $80 billion in omnichain assets, but liquidity still isn’t guaranteed
By leveraging LayerZero’s cross-chain messaging, Cardano seeks to expand its DeFi ecosystem without altering its core architecture.
Cardano is aggressively expanding the types of tokens that can operate on its network and raise the ceiling for its decentralized finance ecosystem over the next 12 to 18 months.
On Feb. 12, the Charles Hoskinson-led blockchain announced it would integrate with LayerZero, a widely used cross-chain messaging system.
This move represents the single largest interoperability unlock in Cardano’s history as LayerZero connects over 160 blockchains and has facilitated more than $200 billion in cross-chain volume.