LayerZero claims 91% transfer share, hits 6 month high – 2 risks could cap ZRO’s rally

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LayerZero (ZRO) rallied 15% to hit a six-month high of $2.14, driven by record cross-chain activity. The protocol captured 91.6% of transfer volume across six protocols over 30 days, totalling $12.4 billion. One wallet accounted for 90% of this daily record by moving 4.46 billion WPAY tokens worth $3.6 billion from Polygon to Arc. Exchange transfers accelerated, with strategic partners moving 8 million ZRO to Coinbase Prime and another wallet depositing 1.7 million ZRO worth $3.6 million to Binance. The $2 support level remains critical to hold, with RSI at 79 indicating overbought conditions.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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