Hassan Maishera
On Tuesday, the LayerZero team announced via X that GMX has selected LayerZero as its messaging partner for multichain expansion. The integration allows GMX to expand to 125+ chains, gain full ownership of all contracts and security, fast, zero-slippage transfers, and battle-tested rails already trusted by billions of dollars in assets and hundreds of applications.
With LayerZero, GMX can now securely extend to new markets with new sources of TVL, driving user and volume growth through chain expansion.
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $2.444, down 3% in the last 24 hours.
GMX is a decentralized, permissionless perpetual swap and spot exchange. Traders can use it to easily trade cryptocurrency on-chain just by connecting their wallets. GMX is trading at $15.79, down 1% in the last 24 hours.
