LayerZero surpasses the world’s largest individual remittance corridor in transaction volume

1 hour ago 2



The US-Mexico remittance corridor is one of those numbers that puts everything in perspective. Roughly $62 billion flows between the two countries annually, making it the single largest individual remittance route in the world. LayerZero just crossed it. The omnichain messaging protocol, best known as the infrastructure layer powering the Stargate bridge, has now processed more volume than that entire corridor. What LayerZero actually is, and why it matters here Think of LayerZero less like a bank and more like the postal service that different banks use to talk to each other across blockchains. It is a messaging protocol, meaning it does not hold your assets, it carries the instructions that move them. Stargate, the bridge built on top of LayerZero, is where most of the volume lives. Since inception, cumulative bridge activity across LayerZero-connected infrastructure has exceeded $147 billion, with Stargate alone historically processing upwards of $70 billion of that total. Tempo, a high-performance payments blockchain connected to Stripe, uses LayerZero for stablecoin and asset bridging. MoneyGram serves as Tempo’s anchor validator. The same protocol powering DeFi yield farmers ...

Read Entire Article