LayerZero’s ZRO token surged 16.46% in 24 hours, pushing its market capitalization to nearly $677.98 million as the price approaches the psychological $2 resistance level. Two new institutional integrations strengthened the protocol’s narrative: Anchorage Digital selected LayerZero for Tether’s USAT stablecoin, and BDACS adopted LayerZero technology for KRW1, a Korean won-backed stablecoin. Open Interest on derivatives rose 13.73% to approximately $187 million, while futures trading volume declined 14.51% to $203.41 million, revealing a bearish divergence. The Relative Strength Index reached 78.05, placing ZRO firmly in overbought territory and signaling a short-term pullback risk toward the $1.526 support level.
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