The data-focused blockchain Flare has been integrated into the cross-chain messaging platform LayerZero.
The move allows Flare to access Layer 1 networks such as Ethereum and Solana, in addition to over 70 other blockchains. The more than 50,000 decentralized applications that have added support for Flare can now use Flare, and any chain can incorporate Flare for decentralized data, according to a release shared with The Block.
“This is an incredibly valuable integration for all users and builders on Flare,” said the firm's co-founder Hugo Philion in a statement. “Deployment of LayerZero V2 will help accelerate Flare's expansion, paving the way for builders to develop a wide variety of innovative interoperable products.”
The crypto data tracker DeFiLlama finds Flare maintains $10.23 million in total value locked.
LayerZero saw around 40,150 daily messages as of June 28, according to The Block's Data Dashboard. The platform's number of daily messages slunk to lows after LayerZero sought an experimental approach to weed out sybil farmers, or individuals using a crypto platform only to achieve as much airdrop as possible.
About Author
MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.