LayerZero Fee Switch Referendum

JUN

20

Event date

Friday 20 June 2025, UTC

Event description

The fee switch referendum is a biannual on-chain vote allowing ZRO token holders to toggle the protocol fee feature. If activated, LayerZero will impose a small fee (reflecting Decentralized Verifier Network (DVN) and executor costs) on each cross-chain message. These fees will be converted to ZRO and burned, creating a deflationary mechanism that could lead to token appreciation. The previous vote in December 2024 failed due to insufficient turnout (only 11% of the required quorum), despite 96% support for "Yes". This time, the quorum has been reduced to 50.40% to encourage participation and increase the chances of passing the measure. Voting ends on June 27, 2025, with the next referendum scheduled in six months.

Recent News

LayerZero has been on a growth trajectory, now responsible for over 75% of all cross-chain value transfers, with monthly volumes hitting $8.5 billion. This dominance has quietly positioned LayerZero as the default choice for serious omnichain teams and even government institutions, such as the Wyoming stablecoin initiative [6]. The project has also seen strategic partnerships, like with Ubisoft, enhancing its Decentralized Verification Network (DVN). However, the ZRO token has faced challenges, down 71% from its all-time high, prompting discussions on how the fee switch could provide a "spark" to its value.

Future Plans

LayerZero's roadmap includes continuous improvements to its omnichain infrastructure, with a focus on scalability and security. The foundation has been proactive in addressing governance issues, proposing adjustments like automatic opt-in voting and delegation to boost participation. The successful activation of the fee switch could fund further development of DVNs and executors, ensuring the protocol's sustainability. Additionally, LayerZero aims to expand its ecosystem, potentially integrating with more blockchains and DeFi platforms.

Onchain Data

As of the latest snapshot, only 109 million ZRO tokens are eligible to vote, with the reduced quorum requiring approximately 55 million tokens to participate. The previous vote saw just 7.3 million ZRO used, highlighting the challenge of achieving the new threshold. Transaction volumes on LayerZero have surged, with $8.5 billion in monthly cross-chain value, underscoring the protocol's critical role in the ecosystem. Wallet activity remains robust, with significant holdings on centralized exchanges (CEXs), which could impact voting outcomes.

Community Sentiment

Sentiment on X has been mixed but leans towards optimism. Influencers like @rookie_of_Phc have expressed cautious support, noting the potential benefits despite concerns about quorum. Others, like @0x167167, are skeptical, pointing out the recurring governance challenges and the risk of further price dumps if the vote fails again. The community is actively discussing the balance between short-term costs (a slight increase in transaction fees) and long-term gains (token scarcity and protocol funding).

Risk Disclaimer

While the fee switch could benefit ZRO holders and the protocol, there are risks involved, such as potential fee fluctuations affecting dApps and user behavior. High volatility in ZRO's price could also occur depending on the vote's outcome. Always conduct your own research and consider the broader market context before making decisions.

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LayerZero (ZRO) Events List

LayerZero (ZRO) 25.71MM Token Unlock

LayerZero, a leading protocol for seamless cross-chain messaging, will unlock 25.71M $ZRO tokens, representing a significant portion of its circulating supply. Token unlocks release previously locked tokens to the market, often allocated for team, investors, or community rewards. This unlock, first noted in June 2025 posts on X, could increase liquidity and trading volume but may also pressure $ZRO’s price due to potential sell-offs. The event’s purpose is to align with LayerZero’s tokenomics roadmap, incentivizing ecosystem growth while rewarding early supporters. Its significance lies in boosting $ZRO’s accessibility, potentially driving adoption across LayerZero’s 500+ integrated apps. However, increased supply could lead to short-term volatility—investors, tread carefully!Recent NewsLayerZero’s been on fire lately! In June 2025, the protocol facilitated $5B in transfers across 128 chains, with its FAFO scheduler pushing EVM transactions to over 1M TPS at 91% lower costs. Backed by heavyweights like a16z, LayerZero has integrated with major players like Tether, Fireblocks, and Deutsche Telekom, cementing its role as a DeFi powerhouse. The protocol’s $75B in total value transferred and 145M+ cross-chain messages highlight its dominance in interoperability. Recent fee activation for $ZRO stakers also hints at rewards multipliers for upcoming airdrops, fueling community excitement.Future PlansLayerZero’s roadmap is packed with ambition. The protocol aims to expand integrations with emerging chains like TON and Berachain, pushing for 1.1M EVM transactions per second. Upcoming features include enhanced cross-chain governance and new DeFi tools to streamline user experience. A potential “Airdrop Season 2” is also rumored, following the unlock of 250M tokens in June 2025 with no movement yet, keeping the community on edge. LayerZero’s vision is to dominate Web3 by enabling seamless, low-cost cross-chain interactions.Onchain DataOnchain metrics underscore LayerZero’s growth. Etherscan data shows consistent $ZRO wallet activity, with over 500K unique addresses holding the token as of July 2025. Transaction volumes have spiked, reflecting $75B in cross-chain transfers. Staking metrics are less public, but posts on X suggest active $ZRO staking with multipliers for community rewards. Detailed unlock data is unavailable on Dune Analytics or Glassnode, but the 25.71M token release aligns with LayerZero’s vesting schedule.Community SentimentX is buzzing with $ZRO hype! Posts praise LayerZero’s tech, with users calling it “the future of DeFi” for its cross-chain prowess. Influencers like @xparser_ highlight high-yield $ZRO/BNB LP opportunities, while @Maiconanders fuels airdrop speculation. However, some caution about price dips post-unlock, urging HODLing over panic-selling. Sentiment is largely bullish, with fans eyeing LayerZero’s integrations and scalability.Why It MattersThis unlock could supercharge LayerZero’s ecosystem by increasing $ZRO’s market presence, attracting new users, and funding further development. For investors, it’s a chance to grab $ZRO at potentially lower prices, but volatility risks loom—do your own research! Compared to competitors like Chainlink’s CCIP, LayerZero’s broader chain support and lower costs give it an edge. For DeFi enthusiasts, this event signals more liquidity and opportunities in cross-chain apps.Risk Disclaimer: Token unlocks can lead to price volatility. Verify all details and avoid impulsive trades.Stay tuned for more updates on LayerZero’s game-changing moves!

LayerZero

July 20

Wyoming Stablecoin WYST Launch

The Wyoming Stable Token (WYST) will launch as a fully reserved, regulatory-compliant stablecoin, backed by cash and U.S. Treasuries. Built on LayerZero’s omnichain tech, WYST will operate across seven networks, including Ethereum, Solana, and Polygon, enabling low-fee, global dollar transfers. Wyoming aims to set a new standard for transparency with auditable reserves, positioning WYST as a "digital public good" for residents and entities [CryptoSlate, 2025-03-26]. This launch could bridge traditional finance and DeFi, potentially inspiring other states to follow suit. Recent NewsWyoming began testing WYST in March 2025, deploying valueless tokens on testnets for security and scalability checks. LayerZero, handling 70% of cross-chain stablecoin transfers, was chosen as the tech partner, processing $1.2B in weekly volume across 128+ chains [X Post, 2025-03-28]. The state’s Stable Token Commission has been transparent, sharing updates at the DC Blockchain Summit, emphasizing Wyoming’s leadership in blockchain regulation [CryptoSlate, 2025-03-26]. Future PlansPost-launch, Wyoming plans to expand WYST’s multichain capabilities and integrate more networks, aiming for broader accessibility. The Commission also intends to open alpha testing to Wyoming residents, fostering early adoption and feedback [CryptoSlate, 2025-03-26]. Long-term, WYST could serve as a model for government-backed digital currencies in the U.S., with potential federal regulatory impact. Onchain DataLayerZero’s infrastructure, powering WYST, commands a 40% market share in cross-chain transfers, with its token up 53% to $3.18 in late March 2025 [X Post, 2025-03-28]. While WYST-specific onchain data isn’t available yet (it’s still in testing), LayerZero’s battle-tested tech, verified by DeFiLlama, ensures reliability [DeFiLlama]. Community SentimentX reactions are mixed but optimistic. Some users see WYST as a DeFi milestone, while others question its market demand, echoing Governor Gordon’s earlier concerns [Mayer Brown, 2024-01-10]. Discussions highlight LayerZero’s role as a positive signal for omnichain adoption. Risk DisclaimerAs a new stablecoin, WYST may face regulatory or adoption hurdles—stay informed and approach with caution.

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July 31

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