OneSig Launch by LayerZero

MAY

28

Event date

Wednesday 28 May 2025, UTC

Event description

OneSig is not just another feature; it's a revolutionary framework aimed at minimizing reliance on third parties, a critical vulnerability exposed by recent high-profile hacks like the Bybit incident in early 2025 and the Safe front-end exploit. The purpose of OneSig is to enhance security by allowing users to execute any number of transactions across unlimited blockchains with just one signature, significantly reducing the attack surface.

The significance of OneSig lies in its potential to set a new standard for interoperability and security in the blockchain ecosystem. By breaking down the transaction process into discrete components—proposal, transaction bundling, Merkleization, signature, aggregation, and execution—OneSig enables localized verification and independent client operations. This modular approach ensures that each step can be independently audited and validated, enhancing trust and reliability.

The expected impact on LayerZero and the broader crypto community is profound. For LayerZero, this launch reinforces its position as a leader in omnichain interoperability, potentially attracting more developers and users to its ecosystem. For the community, OneSig could reduce the incidence of security breaches, thereby increasing confidence in cross-chain applications and fostering greater adoption of decentralized finance (DeFi) and other blockchain technologies.

Recent News

LayerZero has been making waves in the crypto space over the past few months. In March 2025, the project secured additional funding from prominent investors, including Sequoia Capital and a16z, bringing its total raised capital to over $200 million. This funding round was partly motivated by the need to accelerate development on security-focused initiatives like OneSig, especially in light of the increasing regulatory scrutiny following major hacks.

Moreover, LayerZero's recent milestone of processing over 10 million cross-chain transactions since its inception highlights its growing adoption and the demand for robust interoperability solutions [8]. The introduction of OneSig comes at a time when the project is also expanding its support for non-EVM chains, such as Aptos, further broadening its reach.

Future Plans

Looking ahead, LayerZero has outlined ambitious plans in its roadmap. The project aims to migrate fully to the OneSig environment within the next quarter, ensuring all internal operations benefit from enhanced security. Additionally, LayerZero plans to release a series of developer tools and SDKs to facilitate the integration of OneSig into existing dApps, potentially sparking a wave of innovation in cross-chain applications.

The roadmap also includes expanding the number of supported blockchains to over 50 by the end of 2025, up from the current 30, to cater to the growing multi-chain universe. Furthermore, LayerZero intends to publish a detailed whitepaper on OneSig later this year, providing deeper technical insights and encouraging community contributions to the open-source framework.

Onchain Data

While specific onchain metrics for OneSig are not yet available due to its recent launch, LayerZero's overall transaction volume has seen a steady increase. As of May 2025, the project processes an average of 500,000 cross-chain transactions per day, with a peak of 1.2 million during high-demand periods. Staking metrics for LayerZero's native token, ZRO, show a 15% increase in total value locked (TVL) over the past three months, reflecting growing confidence in the project.

Wallet activity has also surged, with active addresses on LayerZero's network rising by 25% since the beginning of 2025, indicating heightened user engagement. These trends suggest a strong foundation for OneSig's adoption, although real-time data on its usage will be crucial to assess its impact fully.

Community Sentiment

The reaction on X (formerly Twitter) to OneSig's launch has been overwhelmingly positive. Influencers and community members have praised LayerZero for addressing a critical security gap, with many calling it a "timely and necessary innovation". Trending discussions highlight the potential for OneSig to reduce the risk of front-running and other exploits, a concern that has been top of mind for many in the crypto space.

However, some users have raised questions about the technical complexity of implementing OneSig, particularly for smaller projects. Despite this, the general sentiment remains optimistic, with several developers expressing interest in integrating the framework into their dApps. The launch has also sparked comparisons with competitors like Wormhole and Axelar, with many arguing that OneSig's focus on security gives it a competitive edge.

Additional Insights

OneSig's introduction aligns with broader market trends favoring security and interoperability. The recent hacks have led to increased demand for solutions that mitigate third-party risks, a niche that OneSig directly addresses. Competitor analysis shows that while other projects offer cross-chain functionality, few have tackled the security aspect as comprehensively as LayerZero.

For users, the benefits are clear: reduced transaction costs, enhanced security, and simplified cross-chain operations. However, it's worth noting that adopting new security protocols always carries some risk, particularly during the initial implementation phase. Users should ensure they understand the framework and stay updated on any potential vulnerabilities.

LayerZero

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LayerZero (ZRO) Events List

LayerZero (ZRO) 25.71M Token Unlock

LayerZero will unlock 25.71M ZRO tokens, equating to 23.13% of its circulating supply (111.15M) and valued at ~$57M at $2.22 per token. This unlock, one of the largest in 2025, allocates tokens to ecosystem development, community incentives, and early investors. ZRO powers LayerZero’s protocol, enabling seamless cross-chain communication across 50+ blockchains like Ethereum, Solana, and BNB Chain. Past unlocks, like June 2024’s 25% TGE release, saw ZRO drop 15-20% short-term but recover as demand grew. This event could boost liquidity for DeFi apps but risks sell-off pressure from early investors who bought at $0.05, now eyeing 4,340% gains. Risk Disclaimer: Large unlocks often spark volatility; trade cautiously and verify wallet security to avoid scams. Recent NewsLayerZero’s been on fire! On May 28, 2025, it powered ChainGPT’s $CGPT token launch on Solana, enabling cross-chain bridging for AI-driven Web3 tools. May 23 saw Deutsche Telekom MMS join as a decentralized verification network (DVN) partner, boosting institutional trust. On May 19, Fireblocks integrated LayerZero for secure stablecoin issuance across 35+ chains. A $55M investment from a16z Crypto in April 2025 signals strong backing, while a Wyoming stablecoin launch using LayerZero’s OFT standard in March 2025 highlights regulatory compliance. These milestones cement LayerZero’s leadership in interoperability. Future PlansLayerZero’s roadmap focuses on expanding its omnichain vision. It plans to integrate 100+ blockchains by Q4 2025, enhancing liquidity for DeFi and NFTs. A proposed fee switch vote on June 20, 2025, could introduce protocol revenue and ZRO burns, compressing supply. A $1M builder grant program will fuel Solana-based apps, and OneSig’s multi-chain transaction framework aims to reduce reliance on third parties. These moves position LayerZero against competitors like Chainlink and Polkadot. Onchain DataAs of May 2025, LayerZero’s market cap is $246.76M, with a 24-hour trading volume of $28.05M. Total supply is 1B ZRO, with 111.15M circulating. Etherscan shows 12,894 holders on Ethereum, with one wallet holding 23.21% of supply, signaling concentration risks. LayerZero’s Stargate bridge processed $3.5B in Uniswap liquidity in May 2025, reflecting robust network activity. Detailed staking metrics are unavailable, but check Dune Analytics for bridge data. Community SentimentX buzz is electric but mixed. Users applaud LayerZero’s 150M+ transactions and partnerships, with some predicting a price rebound post-unlock due to ecosystem growth. Others warn of a $449M supply shock (177% of float), fearing short-term dumps. Speculation about a Season 2 airdrop tied to the unlock fuels excitement, with 11% of supply reserved for future snapshots. Sentiment leans bullish long-term, but volatility concerns dominate short-term chatter. Why It MattersThis unlock tests LayerZero’s market resilience amid its rise as a Web3 backbone. With unmatched interoperability, institutional backing, and a bold roadmap, ZRO could thrive if demand absorbs new supply. Crypto fans should track price action and governance votes. Visit layerzero.network or CoinMarketCap for updates, and join the X conversation to stay ahead!

LayerZero

June 20

LayerZero Fee Switch Referendum

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 NewsLayerZero 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 PlansLayerZero'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 DataAs 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 SentimentSentiment 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 DisclaimerWhile 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.

LayerZero

June 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.

LayerZero

July 31

LayerZero

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