Coin overview
ZRO
Ended--
Last price (USDT)
249.16K
24h total (USDT)
1.00M
Total vol (USDT)
2024-05-20 07:00:00 ~ 2024-06-20 11:30:00
Trading time (UTC+0)
2024-06-20 16:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a "blockchain of blockchains" that enables other blockchain networks to communicate directly and in a trustless manner.
MGBX will launch spot trading for MITO, ZRO, STG, and GP
According to official sources, MGBX will launch spot trading for MITO (Mitosis), ZRO (LayerZero), STG (Stargate Finance), and GP (Graphite) on September 1, 2025 at 19:30 (东八区). Deposit opening time: September 1, 2025 at 19:00 (东八区) Trading opening time: September 1, 2025 at 19:30 (东八区) Withdrawal opening time: September 4, 2025 at 19:00 (东八区)
Evaluating the Sustained Momentum of Top AltRank Coins: ZRO, UNI, and PEPE as Strategic Opportunities
The altcoin market in 2025 remains a battleground of technical and social-driven momentum, with ZRO (LayerZero), UNI (Uniswap), and PEPE (Pepe Coin) emerging as focal points for investors seeking strategic opportunities. This analysis evaluates their trajectories through a combination of on-chain metrics, sentiment trends, and institutional adoption, offering a roadmap for navigating their divergent paths. PEPE: A Meme Coin with Institutional Legs PEPE’s technical profile in 2025 is a textbook case of bullish continuation. The formation of a bullish pennant and falling wedge pattern suggests a high probability of a price breakout above $0.00001625, a critical resistance level [1]. Whale activity has intensified, with large holders accumulating tokens—a precursor to upward price action historically observed in meme coins [1]. On-chain metrics like RSI and MACD confirm positive momentum, with RSI trending in overbought territory and MACD showing a bullish crossover [1]. Social media engagement remains a key driver. PEPE’s integration with NFT projects like Pudgy Penguins has elevated its cultural relevance, while platforms like Twitter and Reddit report surging retail and institutional participation [1]. However, challenges persist: a massive circulating supply and potential resistance at $0.000018 could trigger volatility if breakout attempts fail [1]. For now, PEPE’s momentum appears sustainable, provided whale accumulation continues and social sentiment remains robust. UNI: A Decentralized Exchange in Transition Uniswap’s (UNI) price action in late 2025 reflects a mixed bag. While the token traded at $9.57 as of August 30, it experienced a 3.82% 24-hour decline, signaling short-term bearish pressure [1]. Technical indicators like RSI hover in neutral territory, but support levels at $9.00 and $8.30 suggest potential for a rebound [2]. Crucially, UNI’s ecosystem has seen explosive growth in Layer 2 (L2) trading volume, with $32.04 billion processed in August alone, underscoring its role as a backbone for decentralized finance [2]. Social media engagement is moderate, with 14,643 total mentions across platforms, including 6,274 on X (Twitter) and 2,514 on Reddit [1]. The Fear & Greed Index, however, points to a “greed” sentiment, indicating retail optimism despite technical headwinds [1]. UNI’s TVL-to-market cap ratio of 0.78 suggests undervaluation relative to locked assets, a metric that could drive long-term appreciation if L2 adoption accelerates [5]. Investors should monitor whether the token can break above $12.15, a level last seen in early August, to confirm a bullish reversal. ZRO: A Cross-Chain Powerhouse with Regulatory Headwinds LayerZero’s (ZRO) technical outlook is bearish in the short term. The ZRO/USD pair on Binance shows 12 sell signals from moving averages and 2 from oscillators, with RSI nearing oversold levels but failing to generate a meaningful rebound [3]. A descending channel on the 4-hour chart and a bearish MACD crossover suggest further downside to $1.71 [1]. However, ZRO’s strategic acquisitions, such as the $110 million Stargate Finance takeover, have consolidated cross-chain liquidity under its ecosystem, potentially enhancing long-term utility [3]. Social media sentiment for ZRO is polarized. While institutional adoption—such as Wyoming’s FRNT stablecoin deployment—signals real-world utility [3], regulatory scrutiny in South Korea (via DAXA) has triggered a price drop below $2 and raised delisting risks [2]. Token unlocks, including a 25.71 million ZRO release in August, have introduced short-term volatility [1]. Despite these challenges, ZRO’s integration with projects like Mantle and USDT0 highlights its role in cross-chain interoperability [4]. Investors must weigh the bearish technicals against the project’s strategic vision for dominance in the omnichain era. Strategic Implications for Investors PEPE offers the highest short-term upside, driven by social media hype and whale accumulation, but its large supply and resistance levels pose risks. UNI is a mid-term play, with strong L2 adoption and undervaluation metrics, though technical corrections could delay its breakout. ZRO requires patience. While its technicals are bearish, institutional partnerships and cross-chain dominance could drive long-term value, provided regulatory hurdles are navigated. In a market where social sentiment and technical patterns often dictate altcoin trajectories, these three projects exemplify the interplay between innovation and volatility. For investors, the key lies in balancing short-term momentum with long-term fundamentals. Source: [1] Pepe Pennant Breakout: Key Insights, Technical Analysis [2] Uniswap Price Prediction 2025, 2026, 2027-2031 [3] LayerZero Price, ZRO to USD, Research, News & ... [4] Latest LayerZero (ZRO) News Update [5] Uniswap Price Prediction 2025: UNI Recovery Set to Extend
LayerZero Clinches $110M Stargate Acquisition After Fierce Bidding War
Blockchain interoperability protocol LayerZero has finalized a $110 million acquisition of cross-chain platform Stargate, following an intense, last-minute bidding battle that drew rare multi-protocol competition in the DeFi space. Stargate’s community voted on August 24 with a 95% majority to greenlight the LayerZero Foundation’s $110 million acquisition proposal . The proposal, one of the most heavily participated votes in Stargate Finance’s history, saw over 7.5 million veSTG tokens cast by more than 15,000 addresses. As part of the agreement, Stargate Finance DAO will be dissolved, with governance and operations shifting under the LayerZero ecosystem. The Stargate DAO has approved our acquisition of Stargate (STG). We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects. LayerZero is better money technology. Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV — LayerZero (@LayerZero_Core) August 24, 2025 Under the finalized terms, Stargate stakers will receive 50% of protocol revenue for the next six months, while the other half will fund ZRO token buybacks, aimed at reinforcing LayerZero’s native token. In addition, STG holders can swap their tokens for ZRO at a fixed rate of 1 STG = 0.08634 ZRO starting August 25. Securing approval was not without controversy. LayerZero’s initial offer faced pushback over concerns it undervalued Stargate’s revenue stream and effectively ended the protocol’s staking program. This opened the door for competitors, triggering a rare DeFi bidding war. Wormhole, Axelar, and Across Protocol quickly entered the fray, with Wormhole putting forward a $120 million all-cash proposal promising faster payouts for token holders. Despite the higher figure, Stargate’s community ultimately opted for strategic alignment with LayerZero over short-term financial gains. Stargate Foundation lead Angus Lamps said in response to the bids that the vote on LayerZero’s bid couldn’t be paused, and that Stargate had “been engaging with any parties” that sign a non-disclosure agreement and want to conduct due diligence. The acquisition also marks a return for Stargate. Originally incubated by LayerZero Labs in 2021 before being spun out as a DAO in 2022, the platform now re-enters the fold as part of LayerZero’s broader interoperability strategy. With the deal now complete, attention turns to how LayerZero will integrate Stargate’s cross-chain liquidity infrastructure and whether the consolidation will deliver long-term value for both ZRO token holders and Stargate’s long-standing community.
ZRO targets $2.60 as Stargate approves LayerZero’s acquisition proposal
TL;DR ZRO is down 7.5% and is now trading at $2.01. The bearish performance comes despite Stargate DAO approving LayerZero’s acquisition proposal. Stargate DAO approves LayerZero’s acquisition proposal The cryptocurrency market was volatile over the weekend, with massive gains recorded on Friday wiped out on Sunday. Bitcoin briefly dropped to the $110k region while Ether is now trading above $4,700 after setting a new all-time high of $4,953. The bearish performance affected LayerZero’s ZRO as the coin has now lost more than 7.5% of its value in the last 24 hours. Thanks to this bearish trend, ZRO is now trading at $2.01. The negative performance comes despite a massive development for the LayerZero ecosystem. LayerZero Foundation announced on Saturday that Stargate’s governance organization has approved its acquisition offer with nearly 95% of votes in favor. The Stargate DAO has approved our acquisition of Stargate (STG). We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects. LayerZero is better money technology. Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV — LayerZero (@LayerZero_Core) August 24, 2025 The approval came despite Wormhole making a late $120 million cash offer. Furthermore, Across co-founder Hart Lambur and the Axelar Foundation both said they would make formal bids if the process was slowed. ZRO could top $2.6 if bullish momentum returns The ZRO/USD 4-hour chart is bearish and efficient as LayerZero has been underperforming, similar to the broader cryptocurrency market. The technical indicators are also bearish, indicating that the sellers are currently in control. The RSI of 54 shows that ZRO is heading into the negative territory if the sell-off continues. The MACD lines are also close to switching into the bearish region. If the sell-off continues, ZRO could drop to the Friday low of $1.85 over the next few hours. Failure to defend this support level could see ZRO retest the monthly low of $1.625. However, with the positive news coming from the LayerZero ecosystem, ZRO could bounce back and reclaim the first major resistance level at $2.38. An extended bullish run would see ZRO surpass its monthly high and hit $2.60.
LayerZero wins Stargate takeover with 94% DAO approval in rare $120 million deal
Cross-chain protocol LayerZero has announced the acquisition of multichain bridge Stargate Finance for $120 million worth of ZRO tokens. Stargate Finance DAO approved the deal with an overwhelming majority. The acquisition will see LayerZero and Stargate merge under one project, with ZRO becoming the official token for the two cross-chain protocols. 94% of Stargate Finance DAO approved the deal. The merger between marks a reunion of the two projects. Stargate Finance was created by the LayerZero team in 2021 but eventually spun out as a decentralized autonomous organization (DAO). The majority of Stargate DAO supported the LayerZero acquisition. Source: Stargate DAO Since then, Stargate has become one of the biggest multichain bridges in the crypto ecosystem, connecting around 50 blockchain networks and powering more than $70 billion in transactions. Per the press release, the deal represents a milestone as this is one of the first times that a DAO has been acquired at over $100 million. The deal almost did not happen with cross-chain bridge Wormhole making a late effort to hijack the acquisition. Wormhole Foundation claimed that the LayerZero offer for Stargate Finance was not compelling and undervalued the protocol business, adding that it was willing to submit a higher bid than the initial $110 million from LayerZero. The challenge led to LayerZero revising its offer, while Wormhole also asked for a vote pause of five business days to finalize its offer and get more insight into Stargate’s financials. There were further rumors that Across Protocol and Axelar showed interest in Stargate. See also ‘Alt season’ Google search tanks over 50% as most altcoins sink in the red However, most Stargate DAO members supported the LayerZero revised bid, which not only increased the bid’s value but also offered other incentives, including a revenue-sharing period for those who staked Stargate STG tokens. Deal to strengthen LayerZero dominance in the cross-chain ecosystem Meanwhile, the deal will further cement LayerZero’s position in the blockchain interoperability ecosystem. Data from Token Terminal shows that it has already controlled around 85% of the market share over the past 12 months, and several companies, including PayPal , BitGo, and Paxos, are using its services. With the deal, which will unite Stargate DAO and LayerZero under one umbrella, the cross-chain protocol now looks to expand further and strengthen its ecosystem. This move will further bring more value to the LayerZero community. Speaking on the deal, LayerZero Labs CEO Bryan Pellegrino stated that the team has been working on the infrastructure to enable cross-chain interoperability for years and Stargate’s return to help improve its services. He said: “Stargate’s return gives the LayerZero ecosystem a clear access point to the end-consumer, an immediate revenue-generating asset, and a clear focus on accelerating the velocity of value transfer.” Meanwhile, the deal now means Stargate DAO will be dissolved with STG tokens swapped for ZRO at a ratio of 1 STG to 0.08634 ZRO. The revenue generated from Stargate will also go towards the ZRO buyback. See also Nigeria deports foreign nationals convicted in crypto romance scams ZRO token down despite positive news Despite the positive development many in the LayerZero and Stargate community have welcomed, the ZRO token is down slightly in the last 24 hours. Its decline appears to be part of the broader drop across the crypto market, with major cap tokens such as Bitcoin and XRP also declining. However, ZRO’s decline is more pronounced given how it has struggled this year in general. It has been down 7.52% in the last seven days while it has lost 26% in three months. At $2.032, the token has already lost more than 61% of its value this year. Interestingly, STG is not doing much better. The token, which is trading at $0.1769, is down by 2% in the past seven days while losing more than 50% of its value year-to-date. Holders of both tokens will be hoping to see a resurgence in value for ZRO now that they are united under one ecosystem. If you're reading this, you’re already ahead. Stay there with our newsletter .
LayerZero buys Stargate in $110M deal with 95% approval
LayerZero secured a $110 million deal to buy Stargate, with 95% community approval after revising its offer. Rival bids came from Wormhole, Axelar, and Across, but Stargate moved forward with LayerZero’s proposal. The updated deal gives stakers half of Stargate’s revenue for six months and swaps all STG tokens for ZRO. LayerZero Stargate, a blockchain messaging protocol, has won a $110 million deal to buy Stargate, a cross chain platform it created in 2022. The Stargate community voted on Sunday, with 95% approving the deal after LayerZero tweaked its offer following complaints it wasn’t fair. Three other companies, Wormhole, Axelar, and Across, also showed interest, turning it into a last minute bidding war. Community Strength and Rival Offers Over 15,000 wallet addresses voted, with 94.76% (7.2 million STG tokens) backing LayerZero’s offer, while 5.24% (399,400 tokens) voted no, making it Stargate’s biggest vote ever, according to LayerZero’s CEO Bryan Pellegrino. Wormhole tried to outbid with a $120 million cash offer, promising stakers three times the projected revenue for six months, but their request to pause the vote was denied. Axelar and Across also wanted to bid but needed more time for a fair process, which Stargate’s lead, Angus Lamps, said wasn’t possible. The original deal upset some STG holders because it focused on buying back LayerZero’s ZRO token without clear benefits for them. LayerZero changed it to share half of Stargate’s revenue with stakers for six months, with the other half for ZRO buybacks. All STG tokens will now swap for ZRO at a rate of 1 STG to 0.08634 ZRO. Stargate’s tech, which uses liquidity pools for safer cross chain transfers compared to hack prone bridges, will return to LayerZero’s control, strengthening its role in blockchain interoperability.
LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger
LayerZero has finalized the acquisition of Stargate Finance in a $120 million transaction settled entirely in its native ZRO token. On August 24, the LayerZero Foundation confirmed that the deal will consolidate two of the industry’s most widely used platforms under one governance and token framework. Stargate DAO Members Vote 94% in Favor of LayerZero Acquisition The acquisition was approved through a community vote. More than 94% of Stargate DAO participants supported the move. Notably, turnout was unusually high, with over 15,000 members casting more than 7.5 million veSTG tokens. The Stargate DAO’s approval dissolves the organization and initiates the migration of STG tokens into ZRO at a fixed rate of 1 STG = 0.08634 ZRO. Both liquid and staked balances will be eligible for conversion. The Stargate DAO has approved our acquisition of Stargate (STG).We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.LayerZero is better money technology.Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV — LayerZero (@LayerZero_Core) August 24, 2025 LayerZero said Stargate will allocate 50% of its top-line revenue to holders for six months after the vote’s approval. The remaining half will support a buyback program designed to reduce the circulating supply of ZRO. However, once the six-month window ends, all future excess revenue will be directed to the buyback program, further cutting ZRO’s supply. Meanwhile, Stargate’s bridge will remain fully operational, ensuring users continue to access cross-chain transfers without disruption. LayerZero noted that the integration would expand Stargate’s product suite beyond bridging and stablecoin liquidity to include swaps, vaults, and other financial infrastructure. Stargate has been central to cross-chain liquidity since its launch in 2021. Originally developed within LayerZero before becoming a DAO, the protocol has processed more than $70 billion across 50 blockchains. Its reabsorption now marks one of the first nine-figure acquisitions of a decentralized organization. The deal highlights how tokenholder governance can deliver outcomes on par with traditional corporate transactions. LayerZero co-founder and CEO Bryan Pellegrino framed the deal as a natural extension of the company’s long-term roadmap. He said Stargate will serve as both an access point for end users and a revenue-producing asset. It will also help LayerZero accelerate the speed at which value can move across blockchains. Data shows ZRO climbed 4.7% to $2.17, while STG rose 4.9% to $0.19 immediately after the announcement. However, those gains later reversed, returning both assets to prior levels as of press time. ZRO Token Price Chart. Source: BeInCrypto Still, the temporary spike underscored renewed confidence in the combined platform’s role in advancing blockchain interoperability, despite broader volatility across digital assets.
Potential Market Movements Ahead of Major ZRO Token Unlocks This August
Major token unlocks for ZRO, KAITO, and SOON could trigger significant price fluctuations in the market, with a total value exceeding $88 million expected between August 19 and 25, 2025. Token unlocks impact market dynamics and investor sentiment. The tokens may experience short-term volatility as the market adjusts. Historical trends indicate that similar events often lead to temporary price drops. Understand the upcoming token unlocks for ZRO, KAITO, and SOON, which could greatly impact their prices and trading volumes. Stay informed to navigate potential market fluctuations. What is a Token Unlock? A token unlock is the release of previously locked cryptocurrency assets, allowing them to enter circulation. This process often leads to increased supply, which can affect market prices and investor behavior. How Do Token Unlocks Affect Prices? When large amounts of tokens are unlocked, the sudden influx can lead to immediate market volatility. For instance, recent analysis from Intellectia indicates that ZRO, KAITO, and SOON may face significant price adjustments due to their unlocks this week. Additional tokens can increase supply pressures, compounding existing market conditions based on trader sentiment. Frequently Asked Questions What are the potential effects of token unlocks on ZRO, KAITO, and SOON? Token unlocks for ZRO, KAITO, and SOON may lead to short-term volatility and price adjustments as the market absorbs the new supply. How should investors prepare for token unlock events? Investors should stay informed about upcoming unlocks and monitor market trends, as the perception of increased supply could impact prices. Key Takeaways Large token unlocks impact market conditions significantly.: The upcoming unlocks for ZRO, KAITO, and SOON could trigger short-term volatility. Short-term volatility expected for ZRO, KAITO, and SOON.: The influx of tokens is likely to create price fluctuations. Potential price pressures on directly affected tokens.: Investor sentiment may shift as the market adjusts to the new supply. Conclusion The imminent token unlocks for ZRO, KAITO, and SOON could significantly influence the cryptocurrency markets. As each unlock unfolds, investors should remain vigilant and informed about market reactions, potential volatility, and historical trends. This awareness can enhance decision-making in a rapidly changing environment. In Case You Missed It: Charles O. Parks III Sentenced for Alleged Cryptojacking Scheme Involving Ether and Other Cryptocurrencies
Crypto sleuth slams ‘fake project’ BlockDAG for 1.5+ years presale, investment scam
BlockDAG, a cryptocurrency project that claims to combine blockchain and Directed Acyclic Graph (DAG) technology, is under fire for its prolonged fundraising phase. According to famous crypto sleuth ZachXBT , the fundraising has lasted over 1.5 years while raising significant funds—ranging from $214 million to $376 million, depending on which source you believe. ZachXBT slams BlockDAG for prolonged fundraising Concerns about BlockDAG’s legitimacy have been raised by quite a number of analysts, and Zach claims many community members have been tagging him to get him to investigate the project. Zach claimed this was why he was finally speaking up after all this time, because BlockDAG has had a lot of time to do damage. “I hope your team realizes that BlockDAG Network is a fake project/investment scam that has held a fundraising phase for 1.5+ years that’s supposedly ending ‘soon’ while regularly transferring investor funds to various exchange accounts and marketing fake numbers to increase retail fomo,” he wrote. See also Dubai's VARA regulator fines Fuze for AML failures The post was a response to a May 13 tweet from LBank. The tweet revealed the exchange’s plans to list BlockDAG’s token (BDAG), but it did not specify when it would happen — a vagueness that has become a unflattering characteristic of the project. Zach implied that Lbank may have been paid to list the token, as he revealed he received an offer in his X DM from BlockDAG itself. He shared a screenshot of the chat where he was offered USDT to promote the project with a pinned post that he would be required to keep up for a day. Is BlockDAG a scam? It depends on who you ask. While BlockDAG claims to be the next big Layer-1 blockchain, with its claims of nearly $300 million raised and major brand partnerships, there are several factors causing many to suspect the project may be more hype than substance. Some of the red flags that have been pointed out include how it has a big advertising budget but minimal GitHub activity, with near-empty repositories, and real infrastructure progress is hard to track. Elements of the whitepaper also appear very similar to Kaspa’s, forcing some to accuse it of recycling documentation rather than proposing true innovation. See also LayerZero (ZRO) and KAITO lead $411m token unlocks this week There has also been a surge of impersonator and scam fundraising sites, which security analysts say can drain wallets upon connection, with reports from X users who say they have been scammed. ZachXBT claims users have tagged him to intervene with BlackDAG. Source: @zachxbt Even Reddit users have sounded the alarm, with one user highlighting how ridiculous it is for a legit company to force anyone to pay a fee or tax just to withdraw money. “That’s just a scam to suck more money out of you,” the user wrote. All that is not to say BlockDAG does not tick some checkboxes in terms of at least appearing legitimate. There have reportedly been audit reports, a testnet, and hardware prototypes, things supporters highlight as signs of a serious project. However, without public on-chain fundraising proof, live token listings, or reusable code, investors are being cautious. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
LayerZero (ZRO) and KAITO lead $411m token unlocks this week
LayerZero and KAITO lead a massive $411 million token unlock wave scheduled for the coming week. ZRO unlocks 25.71 million tokens worth $52.44 million while KAITO releases 23.35 million tokens valued at $25.05 million. Major linear unlocks feature SOL, WLD, TIA, DOGE, TAO, and other projects releasing tokens continuously throughout the period. LayerZero and KAITO dominate major single token unlocks LayerZero leads the solo unlock group with 25.71 million ZRO tokens worth $52.44 million unlocked during the week. This accounts for 9.32% of the total supply scheduled for unlocking during the period. KAITO comes next with 23.35 million tokens worth $25.05 million going into circulation this week. The unlock affects 9.67% of KAITO’s unlock supply allocation this quarter. Cliff unlocks data: Cryptopolitan SOON rounds out the major single unlocks with 41.88 million tokens worth $11.49 million. The release affects 17.81% of SOON’s unlock supply, creating the largest percentage impact among major unlocks. The three major single unlocks combine for over $88 million in new token supply hitting markets simultaneously. These concentrated unlocks typically create short-term price volatility as markets absorb the additional supply. Linear unlock schedules create continuous market pressure As per Tokenomist data, Solana leads the linear unlock category with 506.47K SOL tokens worth $92.65 million being released gradually throughout the week. This daily unlock affects just 0.09% of the circulating supply due to SOL’s massive token base. See also BlackRock Bitcoin ETF hits $91.06B AuM TRUMP token follows with 4.89 million tokens valued at $44.01 million impacting 2.45% of circulating supply. Worldcoin adds 37.23 million WLD tokens worth $35.78 million affecting 1.98% of total circulation. Bittensor contributes 50.40K TAO tokens valued at $18.06 million while Dogecoin releases 96.54 million DOGE worth $21.66 million. TAO affects 0.54% of supply while DOGE impacts only 0.06% due to its large token count. Celestia unlocks 6.96 million TIA tokens worth $14.10 million. Other linear unlocks also involve 700K AVAX tokens worth $16.75 million and 3.01 million SUI worth $10.91 million. MORPHO releases 6.96 million tokens worth $13.77 million while ETHFI releases 8.46 million worth $9.82 million. Smaller linear tokens include DOT releasing 2.30 million tokens worth $8.95 million, IP releasing 2.32 million tokens worth $13.20 million, and JTO releasing 4.20 million tokens worth $7.15 million. ENS rounds off the agenda with 307.7K tokens worth $7.86 million. Smaller projects advance through varying unlock stages PlayZap leads the small unlock segment by a significant margin with a cost of $0.01002, as per CoinMarketCap data. The gaming platform is capitalized at $860,383 with 85.84 million PZP tokens in circulation. Completing the unlocking is at 77.91% with 2.31 million PZP tokens to be distributed in the next. See also BTCTurk exchange suffers $48M exploit Reddex does not show real-time price data but has a circulating supply of 45.28 million LQDX tokens. The project has 88.35% unlock progress representing nearly completion of its token unlock schedule. The upcoming unlock will release 10.42 million LQDX tokens representing 2.61% of total locked supply. KARRAT is trading at $0.05388 with a 5.43% decline in the day and $19.06 million market cap. The gaming infrastructure project has 353.68 million KARRAT tokens in circulation with 23.39% unlock progress realized. The upcoming drop adds 16 million KARRAT tokens into circulation. Rebase GG has 49.63 million current IRL tokens in circulation. Unlock progress is 34.95% and holds 14.01 million IRL tokens for the upcoming release. SatoshiVM is $0.1651 down by 3.72% and has a $1.16 million market cap. The platform has 7 million SAVM tokens in circulation with 71.52% unlock progress. The next unlock will release 468,395 SAVM tokens which represent 2.23% of total locked supply for the decentralized virtual machine project. If you're reading this, you’re already ahead. Stay there with our newsletter .
3 Token Unlocks to Watch In the Third Week of August 2025
The crypto market is bracing for significant token unlocks in the third week of August 2025. Approximately $1 billion in new token supplies will hit the market. Three prominent projects, LayerZero (ZRO), KAITO (KAITO), and Soon (SOON), will release substantial token volumes, potentially driving market volatility and influencing short-term price dynamics. 1. LayerZero (ZRO) Unlock Date: August 20 Number of Tokens to be Unlocked: 25.71 million ZRO (2.57% of Total Supply) Current Circulating Supply: 111.15 million ZRO Total Supply: 1 billion ZRO LayerZero is an interoperability protocol designed to enable seamless communication across different blockchains. It supports censorship-resistant, permissionless development with immutable smart contracts. On August 20, LayerZero will release 25.71 million ZRO tokens, valued at approximately $51.9 million. These tokens account for 23.14% of the current circulating supply. ZRO Token Unlock in August. Source: Overall, the allocation includes 13.42 million ZRO for strategic partners, 10.63 million tokens for core contributors, and 1.67 million ZRO for tokens repurchased by the team. 2. KAITO (KAITO) Unlock Date: August 20 Number of Tokens to be Unlocked: 23.35 million KAITO (2.3% of Total Supply) Current Circulating Supply: 241.38 million KAITO Total Supply: 1 billion KAITO Kaito is an artificial intelligence (AI)-powered Web3 information platform that aggregates and analyzes cryptocurrency market data from diverse sources like social media, governance forums, news and more. The KAITO token serves as a medium of exchange, governance tool, and incentive mechanism within the platform. On August 20, the team will unlock 23.35 million tokens, representing 9.68% of the current circulating supply. The supply is worth approximately $24.73 million. KAITO Token Unlock in August. Source: The team will split the unlocked tokens three ways. The foundation will receive 1.19 million tokens. Furthermore, the team will direct 7.16 million KAITO for ecosystem and network growth and 15 million tokens for long-term creator incentives. 3. Soon (SOON) Unlock Date: August 23 Number of Tokens to be Unlocked: 41.88 million SOON (4.32% of Total Supply) Current Circulating Supply: 235.06 million Total Supply: 969.9 million SOON is a high-performance Solana Virtual Machine (SVM) Rollup, designed to implement the Super Adoption Stack. It includes three main components: SOON Mainnet, SOON Stack, and InterSOON. The network will unlock 41.88 million tokens worth around $11.74 million. The unlocked supply accounts for 17.82% of the current supply in circulation. SOON Token Unlock in August. Source: SOON will allocate 26.67 million tokens to SOONer, a collection of non-fungible tokens (NFTs) built on the Solana (SOL) blockchain. Moreover, it will keep 8.30 million tokens for an airdrop to NFT holders. The team has earmarked 4.17 million SOON for the ecosystem, 2.22 million tokens for community incentives, and 520,830 tokens for airdrop and liquidity. In addition to these three, other major projects will release tokens during this period. Investors can look out for token unlocks from Avail (AVAIL), Pixels (PIXEL), Polyhedra Network (ZKJ), and IOTA (IOTA).
LayerZero Proposes $110M Stargate Acquisition, Token Swap Sparks Mixed Reactions
The LayerZero Foundation has proposed acquiring cross-chain liquidity protocol Stargate in a $110 million deal that would see Stargate’s token (STG) swapped for LayerZero’s native token (ZRO). The announcement has boosted the prices of both assets but also triggered backlash from some STG holders. LayerZero unveiled the plan on Stargate’s governance forum on Sunday, describing it as a move to “accelerate” development and bring Stargate back under its umbrella. Stargate was originally launched by LayerZero in 2022 to enable native asset transfers between blockchains without relying on traditional, hack-prone bridges. The LayerZero Foundation has proposed an acquisition of Stargate (STG). Bring the Bridge Home. pic.twitter.com/OfB4eV2r96 — LayerZero (@LayerZero_Core) August 10, 2025 Under the proposal, STG would be exchanged at a rate of 1 STG for 0.08634 ZRO. The foundation argues that consolidating the two tokens would streamline operations, expand Stargate’s scope beyond bridging, and provide more liquidity for STG holders. The market reacted positively, with ZRO climbing over 23% in 24 hours to $2.44 and STG rising 16.5% to $0.198, according to CoinGecko. Still, both tokens remain far below their peaks—ZRO is down 67% from its December 2024 high of $7.47, while STG has fallen over 95% from its mid-2022 top of $4.14. LayerZero CEO Bryan Pellegrino said the merger would help the project “move faster” and deliver on its roadmap, while offering the Stargate community “a clear path forward with significantly more resources and a single unified direction.” However, several Stargate tokenholders criticized the deal, calling the exchange rate “unfair” and noting that ZRO does not offer STG’s revenue-sharing or staking benefits. Some suggested the offer should be significantly higher—potentially a 1:1 swap—given Stargate’s revenue potential. Others acknowledged the benefits of a unified token but still objected to the loss of staking rewards. The proposal is open for community feedback for the next seven days, after which Stargate’s decentralized autonomous organization (DAO) will vote on whether to approve the acquisition. Meanwhile, The Wyoming Stable Token Commission partnered with LayerZero to develop and distribute the state’s official stablecoin.
ZRO soars 22% as LayerZero proposes to acquire Stargate Finance
Key takeaways LayerZero’s ZRO outperformed the market, adding over 20% to its value in 24 hours. The rally comes after LayerZero submitted a proposal to acquire Stargate Finance. ZRO rallies on Stargate acquisition proposal ZRO, the native coin of the LayerZero ecosystem, is one of the best performers in the market over the last 24 hours. The coin added 22% to its value during that time, allowing it to hit the $2.5 mark for the first time since May. The rally was fueled by LayerZero’s proposal to acquire Stargate Finance (SGT). LayerZero Foundation proposed a $110 million acquisition of the Stargate bridge to the Stargate DAO. With the proposal now in place, STG token holders will soon vote on the proposal. If approved, the STG token would be discontinued, and holders could swap STG for ZRO. SGT also rallied by over 15% since the announcement, as the proposal already has a 70% approval threshold. The proposal stated that, “This offer is designed to accelerate both Stargate and LayerZero, giving Stargate the resources to ship on an aggressive roadmap that expands its prerogative outside of bridging, while tying an incredible, revenue-generating protocol that touches the end-consumer deeper into the LayerZero ecosystem.” ZRO targets $2.8 as bullish momentum remains The recent rally has seen the ZRO/USDT pair become bullish, with technical indicators pointing to potential upward movement. However, the pair is inefficient, suggesting that ZRO could temporarily dip to grab liquidity before rallying higher. The RSI of 79 shows that ZRO is heading into the overbought region if the rally continues. The MACD lines are within the positive territory, indicating that buyers are currently in control. If the rally persists, ZRO could target the next resistance level at $2.8 over the next few hours or days. An extended bullish trend could pave the way for ZRO to hit the $3 psychological mark. However, if the market undergoes a correction or retracement, ZRO could drop to the first liquidity region at $2.0. Failure to defend this liquidity zone would see ZRO retest the TLQ at $1.89.
LayerZero to Acquire Stargate, Retire STG in $110M Token Merger
LayerZero plans $110M Stargate buyout, swapping STG for ZRO at a fixed 0.08634 rate. Stargate DAO may dissolve, ending staking rewards as governance centralizes to LayerZero. Revenues shift to ZRO buybacks, cutting supply and ending direct yields for STG holders. LayerZero has moved to Stargate in a $110 million deal, aiming to retire the STG token entirely. The proposal would convert all circulating STG into ZRO at a fixed rate of 0.08634 ZRO per STG. This planned consolidation targets a single-token model to streamline governance, simplify operations, and integrate revenues into LayerZero’s broader ecosystem. STG Token Swap and DAO Dissolution The agreement values each STG at $0.1675, slightly above its current market price but below past highs. If approved, Stargate DAO will dissolve, ending its independent governance structure and staking rewards system. All future operational and strategic control will shift to the LayerZero Foundation. According to this mechanism, STG holders may exchange their tokens through the open redemption contract at the designated ratio. The LayerZero foundation has assured that any surplus Stargate revenue in the future will be used to buy back ZRO. This scheme may limit the supply in the open market, which could positively influence ZRO’s market performance. The vote will adhere to Stargate DAO guidelines, where 70% of the voting is required, and 1.2 million veSTG votes must be present. The program will commence with a seven-day community discussion followed by a three-day Snapshot vote. With approval, there would be instant conversion of operations, but with no disruption to Stargate bridge users. ZRO Integration and Revenue Redirection The integration will fold Stargate’s $70 billion-plus transaction volume into LayerZero’s core network operations. Stargate’s revenues, which recently generated $939,000 in quarterly payouts to stakers, will instead flow into LayerZero’s centralized treasury. The buyback plan aligns with strategies seen in other major projects, including Chainlink. LayerZero has stressed that this merger of the tokens will eliminate non-distributive functions and consolidate value in ZRO. The transition will remove the fixed-yield staking mechanism found on Stargate and expand the move into the LayerZero token economy. But STG holders will also no longer share direct revenue as part of their staking positions. The proposal has faced mixed reactions in the market, with some participants being excited by efficiency gains and some worried about the loss of valuation and yields. Though the proposed swap rate offers a minor premium, the opponents claim that it is too low, as it does not reflect well on STG’s continuous revenue potential. Discussions continue over whether additional incentives might balance the transition. Related: TRUMP Token Boosts Reach with its Move to TRON via LayerZero Consolidation and Strategic Implications The transaction is one of the biggest tokenized mergers in the ongoing blockchain infrastructure merger trend. The relocation is intended to enhance LayerZero as a cross-chain interoperability leader and dedicate resources. Its proponents view it as a means towards greater speed of execution and more aligned product development. Critics point to the centralization threat of breaking up a working DAO and centralizing decision-making under a single foundation. They caution that this can lead to a precedent of related governance rollbacks across other related protocols. The proposal’s result may change the future of multi-token and sub-DAO ecosystems. In the event of its approval, LayerZero will completely absorb Stargate, manage its revenues, and dictate the technical growth using one operation center. That ruling will reveal whether the market favors consolidation for efficiency or opposes it to protect decentralized governance. The post LayerZero to Acquire Stargate, Retire STG in $110M Token Merger appeared first on Cryptotale.
LayerZero proposes $110M buyout of Stargate amid STG token struggle
LayerZero Foundation has put forward a proposal to acquire all circulating Stargate tokens for roughly $110 million in ZRO, aiming to consolidate control over one of the most-used cross-chain bridges in the market. Summary LayerZero proposes $110M acquisition of all Stargate tokens, offering $0.1675 per STG. Deal would dissolve Stargate DAO, integrate governance under LayerZero, and use revenue for ZRO buybacks. STG rose 12% and ZRO 15% after the announcement; community vote requires 70% approval. The Aug. 11 proposal values Stargate (STG) at $0.1675, a slight premium to its pre-announcement price of $0.1637, and would dissolve the Stargate DAO in favor of a unified governance structure under LayerZero (ZRO). LayerZero buyout proposal details The plan would see all circulating and staked STG swapped for ZRO at a fixed ratio of 1 STG = 0.08634 ZRO, based on ZRO’s $1.94 market price at the time of the offer. After completion, STG would no longer play any operational role, and token holders would be able to use a fixed-rate contract to redeem their tokens indefinitely. All future Stargate earnings would go toward ZRO buybacks under LayerZero’s plan, gradually lowering the amount of stock in circulation. By going beyond bridging into new consumer-facing services, the integration aims to speed up product delivery. You might also like: Telos taps Stargate, Circle and BitGo to unlock liquidity and DeFi growth Stargate, launched in 2022, has processed over $70 billion in volume and introduced the Hydra system to streamline liquidity deployment across chains. Market and community reaction Following the announcement, STG surged 12% to $0.188 and ZRO rose 15%, increasing the deal’s estimated value to about $127 million. The proposal is now in a seven-day discussion phase on the Stargate DAO forum, after which STG holders will vote. Approval requires 70% support and a quorum of 1.2 million veSTG. While LayerZero says the acquisition will accelerate development and streamline governance, some STG holders argue the offer undervalues the bridge’s revenue potential and historical token price. If passed, the transaction would mark a significant consolidation in LayerZero’s control over its flagship bridging infrastructure. Read more: Cronos connects to 115 blockchains via LayerZero
LayerZero Proposes $110 Million Stargate Buyout: Here’s What You Need to Know
A proposal to merge LayerZero & Stargate has been put forward, with all STG tokens to be swapped for ZRO. The merger of these two projects could serve as a warning sign for other multi-token and sub-DAO models. What the LayerZero-Stargate Deal Means for Token Holders The LayerZero Foundation has officially proposed to acquire Stargate and the STG token. The estimated value is USD 110 million. Under the proposal, each STG token will become redeemable for 0.08634 ZRO through a fixed-rate redemption contract, based on ZRO’s market price of $1.94 at the time of proposal. If approved, STG will cease its operational role, and LayerZero will dissolve Stargate DAO. LayerZero stated that any excess revenue from Stargate will be used to buy back ZRO. This buyback strategy has recently been observed in several major projects, including Chainlink. In the long run, it could reduce ZRO’s circulating supply and alter its pricing/risk-return model. According to the announcement, the proposal will also include a public discussion phase, followed by a three-day voting period on Snapshot. It requires a high approval threshold of 70%, with a quorum calculated based on the veSTG. The proposal received both positive and negative views from the community. Some argue that managing two tokens simultaneously will cause the team to lose focus and become ineffective. Others argued that the LayerZero & Stargate merger is inevitable. However, from their operating model, concepts such as multi-token setups and sub-DAOs may not deliver as much value as previously thought. “Both projects have long been synonymous with each other. This proves: multi-token models; sub-daos and all of that bulls**t has always been inherently bearish for projects,” an X user commented. One objection focused on the issue of the rights of current STG holders. “The offers are not attractive at all. They do not offer any advantages to STG holders, and STG’s revenue sharing system is not available on ZRO. We will only be able to hold on to our tokens,” a user shared. Nevertheless, the dissolution of Stargate DAO and its integration into a larger foundation raises questions about centralized governance. Moreover, the swap mechanism, the redemption contract’s open period, and the benefits for veSTG/stakers could decide whether the LayerZero & Stargate merger deal is approved. ZRO & STG Price Performance. Source: The market reacted instantly following the merger announcement. STG and ZRO have surged sharply, currently trading at $0.1942 (+17%) and $2.44 (+22%), respectively. These short-term price movements reflect both merger expectations and the immediate reactions of market makers.
LayerZero (ZRO) Defies Gravity: Can the 23% Blast-Off Keep Flying?
LayerZero jumps 23%, now trading at $2.46. ZRO trading volume skyrockets by over 808%. After a series of rollercoaster rides, the crypto market cap has hit above the $4 trillion mark. Some major assets are charted in green; some are caught in a bearish grip. The largest assets, like Bitcoin trading at $122K and Ethereum at $4.3K. Following this upturn, LayerZero (ZRO) has posted a solid surge of over 23.72% in the last 24 hours. LayerZero traded at its bottom range of $1.89 in the early hours. After the bullish awakening, the price has moved up toward a high of $2.57, breaking the crucial resistance between $1.93 and $2.53. As per CMC data , LayerZero traded at around $2.45, with its market cap at $427 million. Meanwhile, the daily trading volume has skyrocketed by 808%, to $368 million. While zooming in on the ZRO’s seven-day price chart, it has registered a steady gain of over 40%. The asset’s weekly low and high were marked at $1.70 and $2.50 zones after a series of ups and downs. Can LayerZero Ride the Rally Higher, or Will It Stall? LayerZero’s technical chart analysis exhibits that the Moving Average Convergence Divergence (MACD) line is located above the signal line. This crossover is seen as a bullish signal, and the asset’s price could continue rising in the near term. ZRO chart (Source: TradingView ) Besides, the Chaikin Money Flow (CMF) indicator found at 0.21 shows strong buying pressure in the market. Since the value is positive, the capital is flowing into the asset rather than out, which brings in a positive outlook. The recent bullish trading pattern of the asset could trigger the price to jump over the $2.52 range. The prolonged upside correction of ZRO might reinforce the bulls, bringing in a retest at $2.58 resistance. In the event of a bearish turn, the asset might face some risks. LayerZero might reverse the price action toward the support at $2.40. With continued bearish pressure, it could send the price back to a low range of $2.34 or deepen losses. ZRO chart (Source: TradingView ) In addition, the Bull Bear Power (BBP) reading of 0.673 implies a strong bullish dominance in the market, and the price is trading above, as a sign of upward pressure. Also, LayerZero’s daily Relative Strength Index (RSI) is resting at 78.28, signalling its overbought threshold. It could generally face a pullback or consolidation soon unless the buying pressure continues. Highlighted Crypto News Arthur Hayes Buys Back Ethereum at a Premium After Recent Sell-Off
ZRO Explodes 30%: What’s Driving the Rally?
Key Notes ZRO is trading around $2.49 with 30% daily gains. The rally follows LayerZero Foundation’s $110 million Stargate acquisition. ZRO sees over 1,000% surge in trading volume as analysts eye a $3.2 price target. LayerZero’s native token, ZRO ZRO $2.34 24h volatility: 21.9% Market cap: $261.11 M Vol. 24h: $521.43 M , has become one of the top performers in the crypto market on Monday. At the time of writing, the 139th largest cryptocurrency is trading around $2.49, up by over 30% in the past day. ZRO has also seen a massive 1,087% surge in its 24-hour trading volume, currently standing at $433 million. This suggests a sudden rise in investor interest, with a 29% uptick in its market cap. This rally follows a Sunday’s announcement by LayerZero Foundation, proposing a $110 million acquisition of the decentralized finance platform Stargate STG $0.19 24h volatility: 13.7% Market cap: $180.94 M Vol. 24h: $116.90 M . The plan, outlined in Stargate’s community forum, aims to bring the protocol back under LayerZero’s control and accelerate its development beyond asset bridging. The LayerZero Foundation has proposed an acquisition of Stargate (STG). Bring the Bridge Home. pic.twitter.com/OfB4eV2r96 — LayerZero (@LayerZero_Core) August 10, 2025 Under the proposal, Stargate Finance’s STG token would be swapped for LayerZero’s ZRO token at a rate of 1 STG to 0.08634 ZRO. Related article: Altcoin Season with 200-500% Rally Led by Ethereum Is Here, Says Expert If approved by Stargate’s community, the move would reunite the two projects, as Stargate was initially developed by LayerZero in 2022 before operating independently. Recently, the ETH/BTC ratio rose 38.53% over the past 30 days, showing increased investor appetite for altcoins . Community Reaction The proposal will remain open for community feedback for seven days before a formal vote by Stargate’s decentralized autonomous organization (DAO). Despite the optimistic outlook from LayerZero’s leadership, many STG holders expressed dissatisfaction with the proposed terms. The community members argue the swap rate is too low and would strip STG holders of their ability to stake tokens for rewards. Others acknowledged the benefits of merging the tokens, noting that managing two separate assets can be cumbersome, but agreed the current offer undervalues STG holders. LayerZero co-founder and CEO Bryan Pellegrino described the deal as a way to “move faster, ship faster.” He added that the acquisition would help Stargate pursue its roadmap with greater resources and a unified direction. Bring the Bridge Home. Every day decisions get made internally at @LayerZero_Core on products to build, partnerships made, integrations Every day small micro decisions of do we do it ourselves, send them to Stargate, who writes the code. All of this is overhead All of this… https://t.co/KUr9AHEasr — Bryan Pellegrino (臭企鹅) (@PrimordialAA) August 10, 2025 The proposal news also triggered sharp gains for STG, which climbed 20% to just above $0.197, extending a week-long rally. Market greed is rising as BitMEX co-founder Arthur Hayes recently moved $16.5 million in USDC to buy up altcoins amid bullish momentum. ZRO Price Outlook ZRO appears to be forming a clear w-reversal pattern on the daily timeframe, with its formation beginning in early May. The token is now breaking above a key horizontal resistance zone between $2.25 and $2.30. According to Alpha Crypto Signal, a daily close above this range would confirm bullish momentum and potentially lead to a price rally toward $3.2. #ZRO HTF Analysis: $ZRO has formed a clear w-reversal pattern on the daily timeframe and is now breaking above a key horizontal resistance zone. A daily close above this level would confirm bullish momentum and potentially open the door for a rally toward the $3.20 area. The… pic.twitter.com/BR8ScM5Z5B — Alpha Crypto Signal (@alphacryptosign) August 11, 2025 Despite the recent price bounce, ZRO is still down 67% from its December peak of $7.47. However, analysts are predicting it to become the next 1000x crypto token in this bull cycle. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Lido DAO (LDO) Rockets 15% as Bulls Target $2.00 Breakthrough
Lido DAO price has surged by 15% in the last 24 hours, suggesting bullishness. LDO daily trading volume has surged by 45% suggesting increased demand. Lido DAO (LDO) is showing impressive bullish energy at the moment, as the token has been displaying extreme strength in its recent price action. As per CMC data, currently LDO is trading at around $1.498 and has surpassed key resistance levels, and is forming a strong bullish trend that indicates further gains in the short run. Another major bullish situation is the exponential moving average setup. The 50-day EMA at $0.997 is well below the current price, and it is moving up, and the 200-day EMA at $1.060 is also moving up. This positioning shows that the short-term and long-term trends are going in a bullish direction, and the set-up is ready to form a possible golden cross. This technical pattern is usually an indication of long-term bullish momentum and institutional buying interest when the 50-day EMA breaks above the 200-day EMA. The LDO MACD indicator supports the bullish thesis by showing positive values and green histogram bars that are increasing in size, which means that the buying pressure is rising. This indicates that the current price rally has been backed by real market power as opposed to short-term speculative action. The trend of the momentum oscillator shows that buyers are entering at higher and higher prices, which means that they have faith in the further growth of LDO price. What Next For Lido DAO Price? Source: Tradingview The Lido DAO RSI value of 76.30 puts the token in the overbought region, which is usually an indication of caution. Nevertheless, in powerful trending markets, assets may stay overbought for long durations as they keep moving upwards. The high RSI is to be watched out for to see whether it is diverging or not, but in the present bullish scenario, it indicates a lot of buying pressure and not a reversal signal. Social sentiment analysis indicates that the market perception is improving, with a threshold reading of 0.10,8 indicating that the community engagement is shifting towards positive perception. This is the underlying backdrop that underpins the technical image is in optimistic moods tend to lead to long-term price trends. In the upcoming sessions, LDO seems to be in a good position to test the $2.00 target level, which is about 34% upside at the current levels. The support level at $1.25 is a strong point of any possible retracement, and traders have a decent risk-to-reward ratio. The technical indicators, the better sentiment, and the EMA convergence indicate that the bullish trend of LDO has more potential to extend, which makes it an appealing opportunity for trend-following approaches. Highlighted Crypto News Today: LayerZero (ZRO) Defies Gravity: Can the 23% Blast-Off Keep Flying?
LayerZero Foundation proposes $110 million acquisition of Stargate bridge as STG token struggles
LayerZero Foundation, the organization which supports the cross-chain interoperability protocol LayerZero, proposed on Sunday a $110 million acquisition of the Stargate bridge and its STG tokens, aiming to bring a major ecosystem participant in-house. "This offer is designed to accelerate both Stargate and LayerZero, giving Stargate the resources to ship on an aggressive roadmap that expands its prerogative outside of bridging, while tying an incredible, revenue-generating protocol that touches the end-consumer deeper into the LayerZero ecosystem," the proposal states . Under the terms of the proposal, the STG token would be discontinued, with STG holders able to trade their tokens for ZRO, the native token of LayerZero, at a ratio of 1 STG : 0.08634 ZRO, reflecting a value of $0.1675 per STG and $1.94 per ZRO. Stargate would be brought under the LayerZero Foundation, and its DAO would be dissolved. "We want to move faster," LayerZero Labs co-founder and CEO Bryan Pellegrino wrote on X . "[We want to] help Stargate execute on it's ambitious roadmap while creating a single stack that anybody integrating within the LayerZero ecosystem can adopt." Stargate was originally launched by LayerZero in 2022, and its token, STG, reached its all-time high price of $4.14 soon after. However, despite the bridge's success — the proposal touts it as "the most used bridge in the industry today" with over $70 billion in historical volume — the token's price has dwindled to under $0.20. Following the proposal, the price of STG jumped about 12%, currently trading at $0.188 at 2:30 pm ET, according to The Block's STG Price page. The ZRO token also jumped, rising about 15% following the announcement, according to The Block's ZRO Price page. With both tokens moving up in price, the dollar value of the deal effectively increases, from $110 million when the proposal was published to about $127 million at current prices. The proposal, posted in the Stargate DAO's community forum, is open to questions for the next seven days. Some early respondents complained that STG holders were not being compensated well enough. "The $STG token has been as high as $4 in previous cycles. Given the amount of revenue Stargate makes and the potential for the protocol, this offer should be significantly higher," user Vladtheinhaler wrote . "We believe at the time of proposal the deal represented fair value, the DAO will need to judge for itself," Pellegrino told The Block. Pellegrino also said all LayerZero insiders who hold STG tokens will abstain from the upcoming vote. Updated 3:38 pm EST with additional comments from Bryan Pellegrino.
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