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Jan. 31, 2025, 1:16 p.m.
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Cronos Labs and LayerZero Launch Cross-Blockchain Protocol for Enhanced Interoperability

Brief news summary

On January 31, 2025, Cronos Labs teamed up with LayerZero to establish a cross-blockchain interoperability protocol aimed at enhancing access to various crypto assets on the Cronos EVM and Cronos zkEVM platforms. This collaboration harnesses both mainnet and testnet capabilities to facilitate asset transfers across different blockchain ecosystems. The Cronos EVM allows smooth transactions within the Cosmos SDK and EVM-compatible chains, while Solana benefits from the Inter Blockchain Communication (IBC) protocol. The recently launched Cronos zkEVM, the first Elastic Chain in the ZKSync Era, features an Ethereum bridge that accelerates cross-chain transfers. Ken Timsit, Managing Director of Cronos Labs, highlighted the significance of cross-chain interoperability in bolstering security and liquidity in the crypto market. LayerZero CEO Bryan Pellegrino also expressed enthusiasm for the potential innovations from this partnership. To further support developers, Cronos plans to introduce new bridging options that will enable decentralized applications to leverage LayerZero for cross-chain lending and synthetic asset trading. Supported by Crypto.com, Cronos oversees over $6 billion in user assets and has managed over 150 million transactions, significantly advancing decentralized finance (DeFi) and gaming.

**Hong Kong, January 31, 2025 – Chainwire** Cronos Labs and LayerZero have announced the launch of LayerZero, a prominent cross-blockchain interoperability protocol, on both Cronos EVM and Cronos zkEVM, covering mainnet and testnet environments. This advancement heralds a wave of protocol integrations, allowing numerous applications utilizing LayerZero to provide services to Cronos users and tap into billions of dollars in crypto assets securely hosted on the platform. For Cronos EVM—an EVM-compatible layer 1 network built on the Cosmos SDK—users can effortlessly transfer assets between the Cosmos SDK ecosystem, various EVM-compatible chains, and Solana. Meanwhile, Cronos zkEVM, noted as the first Elastic Chain (layer 2) launched post-ZKSync Era, continues to offer seamless integration with Ethereum’s bridge and quick cross-blockchain transactions with a diverse set of layer 1 and 2 networks. Ken Timsit, Managing Director of Cronos Labs, emphasized the project's long-standing commitment to cross-chain interoperability, stating that the integration with LayerZero addresses security and liquidity issues in the fragmented crypto landscape and lays the groundwork for stronger connections between crypto projects and traditional finance in the upcoming year. LayerZero Labs' CEO Bryan Pellegrino expressed enthusiasm for expanding to Cronos zkEVM, highlighting the importance of interoperability in connecting different blockchain types. Although some advanced cross-blockchain features are not yet available to most end users, further announcements are anticipated soon. Upcoming bridging options will be accessible via the official Cronos bridge portals, which will facilitate token transfers between Cronos EVM and zkEVM. Cronos Labs is poised to assist developers eager to leverage these new tools, focusing on decentralized applications that utilize LayerZero for innovative use cases, including cross-chain lending protocols and trading platforms for synthetic assets. **About Cronos:** Cronos (cronos. org) is a leading blockchain ecosystem in partnership with Crypto. com and over 500 developers, serving a user base of more than 100 million global individuals. Its mission revolves around democratizing access to finance and web3, emphasizing decentralized finance and gaming.

Cronos recently surpassed 150 million transactions with over $6 billion in user assets across its three chains: Cronos zkEVM, Cronos EVM, and Cronos POS. Transaction fees are settled in $CRO, a major cryptocurrency. **About Layer Zero:** LayerZero is an immutable, permissionless protocol that connects over 100 blockchains, enabling developers to send messages cross-chain while maintaining application security. It’s utilized by notable protocols and facilitates the creation of omnichain tokens and large-scale crypto applications. For additional information, please contact Cronos Labs and refer to Layer Zero’s documentation.


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Cronos Labs and LayerZero Launch Cross-Blockchain Protocol for Enhanced Interoperability

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