CandleFocus Hedera Integrates LayerZero (ZRO) into Its Network
2024-10-25
Author: Content Editor
Hedera is integrating the LayerZero interoperability protocol into its network, aiming to improve its Hedera Token Service (HTS) and enable the creation and management of fungible and non-fungible tokens with fast and low-cost transactions. This integration aligns with the HBAR Foundation's goal of building Hedera as an enterprise-grade network for institutional decentralized finance (DeFi). The integration also opens up EVM-based liquidity on the Hedera network, connecting it to more liquidity sources. The announcement follows the launch of the Canary HBAR Trust, which allows institutional investors to invest in Hedera's native cryptocurrency, HBAR, and paves the way for future HBAR-focused exchange-traded funds (ETFs).
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