LayerZero Deep Dive: The Omnichain Interoperability Protocol
LayerZero is the leading omnichain interoperability protocol, connecting 70+ blockchains with 130M+ cross-chain messages delivered. Backed by $263M from a16z and Sequoia at a $3B valuation, it has attracted 35,000+ developers and 50,000+ deployments. We conducted a full market + technical deep dive. Here’s what we found.
V2 Architecture
LayerZero V2 (launched 2024) was a major overhaul. The old Oracle+Relayer model — widely criticized for centralization — was replaced with Decentralized Verifier Networks (DVNs). The core Endpoint contracts are now immutable: no admin keys, no upgrades, no governance attacks.