LayerZero claims 91.6% cross-chain transfer share as ZRO hits 6-month high of $2.14
- —LayerZero captured 91.6% of transfer volume across six protocols over 30 days, totaling $12.4 billion
- —A single transfer of 4.46 billion WPAY worth $3.6 billion accounted for about 90% of the $4 billion daily record
- —Partner-linked wallets moved 8 million ZRO to Coinbase Prime and 1.7 million ZRO to Binance
- —ZRO's RSI hit 79, signaling overbought conditions, with $2 as support and $2.20 as the next target
Why it matters: LayerZero's cross-chain dominance may be fragile given its reliance on one wallet, while rising ZRO exchange inflows raise the risk of a sell-off.
Source: AMBCrypto