ZRO (LayerZero) rose 8.69% in the last 24 hours.

Gate News Bot report, September 24, according to CoinMarketCap data, as of the time of writing, ZRO (LayerZero) is currently priced at $2.09, having risen 8.69% in the last 24 hours, with a high of $2.10 and a low of $1.81. The 24-hour volume reached $79.5 million. The current market capitalization is approximately $518 million, an increase of $41.4 million compared to yesterday.

Important news about ZRO recently:

1️⃣ LayerZero Foundation conducts large-scale repurchase of ZRO tokens The LayerZero Foundation has repurchased 50 million ZRO from early investors, accounting for 5% of the total supply. This move demonstrates the foundation's confidence in the long-term development of the project, while also potentially reducing the market circulation, providing support for the ZRO price.

2️⃣ PayPal USD stablecoin expands ecosystem with LayerZero PayPal's USD stablecoin is being launched on the TRON network in the form of PYUSD0 through LayerZero's omnichain fungible token (OFT) standard. This move is expected to expand LayerZero's application scenarios and enhance its influence in the cross-chain stablecoin field.

3️⃣ LayerZero technology assists FLR in launching trading on Hyperliquid The native FLR token has been launched for spot trading on the decentralized exchange Hyperliquid, utilizing LayerZero's OFT standard. This collaboration not only demonstrates the practicality of LayerZero technology but also further expands its application scope in the DeFi sector.

LayerZero has recently made significant progress in cross-chain technology applications and ecosystem expansion, which may collectively drive the rise of the ZRO token price. The foundation's large-scale buyback activities have also released positive signals, which are beneficial for boosting market confidence.

This message is not intended as investment advice, and investors should be aware of market volatility risks.