一诺导图

What is LayerZero?
It is a lightweight messaging protocol that allows developers and users to seamlessly interact with smart contracts across multiple blockchains.

How it works
Developers deploy contracts on multiple chains. A transaction is submitted on Chain A, which constructs a result message that is passed to a contract on Chain B, which then interacts with LayerZero endpoints.
Then, the selected Oracle and Relayer retrieve the corresponding block headers and transaction proofs. They independently transmit their respective information to Chain B, waiting for a specified number of block confirmations on Chain A.
On Chain B, these fragments are validated through the Validation/Proof Library and finally delivered to Chain B by sending a message contract.

Main protocols
Stargate Finance
We start with the largest protocol on LayerZero, @StargateFinance $STG.
Stargate is a fully composable liquidity transfer protocol that allows users and dApps to access a unified liquidity pool while crossing chains, achieving Instant Guaranteed Finality.
Stargate is currently the core of the entire Omnichain ecosystem. Since its launch in March 2022, its total trading volume has reached $5 billion, with a TVL of $460 million (peaking at $4.1 billion) and a market value of $180 million.
Joe
@traderjoe_xyz $JOE is a major DeFi platform on Avalanche (and also on Arbitrum) with a TVL of $110 million and a token market value of $89 million.
They announced a partnership with Stargate and integrated the OFT standard to create a truly cross-chain DeFi protocol $JOE.
Rage
@Rage_trade is dedicated to building the best liquidity ETH perpetual contract and providing up to 5x leverage.
They plan to recover liquidity from other chains (currently $50 billion) to increase the liquidity and returns of their ETH perp. They also use LayerZero's cross-chain messaging protocol, with a current TVL of $16 million.
RDNT Capital
$RDNT is a full-chain protocol on LayerZero that allows seamless deposits and borrowings between multiple blockchains, with a TVL of $127 million and a token market value of $67 million.
Radiant had a very fast TVL growth last month (increased by 150%). They are launching Radiant V2, which could become the most profitable DeFi protocol and attract more users.

Other important DeFi integrated with LayerZero
Hashflow
$HFT is a DEX designed for interoperability, zero slippage, and MEV protection trades.
Usage: Cross-chain swaps
Total trading volume exceeds $12 billion, TVL is $18 million, and token market value is $132 million.
Sushi Swap
$SUSHI is an ecosystem of different DeFi tools, primarily DEX.
Usage: Cross-chain swaps via xSwap
Total trading volume exceeds $302 billion, TVL is $673 million, and token market value is $256 million.
WOO Network
$WOO is a large CeDefi (Centralized Decentralized Finance) ecosystem that connects traders, institutions, exchanges, and DeFi platforms.
Usage: Cross-chain swaps
Total trading volume exceeds $3 billion, TVL is $20 million, and token market value is $360 million.