# LayerZero Labs

> LayerZero Labs builds the commercial tools and infrastructure around LayerZero, an open, permissionless messaging protocol that lets smart contracts move data and value across otherwise separate blockchains. Its customers range from crypto developers and token issuers to PayPal USD, Ondo Finance, BitGo, Fireblocks and institutional infrastructure operators. The company differentiates itself with immutable endpoints, application-owned security and token standards that preserve one supply across many chains, while earning revenue from execution and gas abstraction, chain integrations, a value-transfer API and annual Console subscriptions.

- **Founded:** 2021
- **Headquarters:** Vancouver, Canada
- **Founders:** Bryan Pellegrino (Co-founder and CEO), Ryan Zarick (Co-founder and CTO), Caleb Banister (Co-founder and Principal Engineer)
- **Team size:** About 170 employees (LinkedIn listed 171 in 2026)
- **Products:** LayerZero Protocol, LayerZero V2, OApp Standard, OFT Standard, ONFT Standard
- **Notable:** Reached a $3 billion private valuation in April 2023., Expanded from roughly 30 connected mainnets in 2023 to about 165-170+ blockchains by 2026., Reported more than 160 million lifetime cross-chain messages and $260 billion in lifetime value moved in 2026.

## Products & services

- **LayerZero Protocol** — Immutable, permissionless smart-contract endpoints and off-chain verification/execution rails for sending arbitrary messages between blockchains.
- **LayerZero V2** — The current protocol architecture, built around configurable Decentralized Verifier Networks, permissionless executors and universal messaging semantics.
- **OApp Standard** — A smart-contract framework for applications that read, write and call contracts across multiple blockchains.
- **OFT Standard** — An omnichain fungible-token standard that lets issuers maintain unified supply while moving tokens across supported chains.
- **ONFT Standard** — Contracts and tooling for non-fungible tokens that can transfer across chains while preserving identity and supply logic.
- **LayerZero Scan** — A public explorer for tracking cross-chain messages and transfers carried by the protocol.
- **Stargate** — A cross-chain transfer and liquidity protocol built on LayerZero, with a consumer-facing bridge and infrastructure for native asset movement.
- **Console** — Subscription software for issuers and tokenization platforms to configure, deploy, monitor and secure cross-chain operations.
- **Value Transfer API** — Commercial any-to-any token movement for wallets, treasury rebalancing and stablecoin settlement.
- **Zero** — An announced blockchain aimed at trading, settlement, payments and tokenization, designed to inherit access to LayerZero's connected network.

## Achievements

- Reached a $3 billion private valuation in April 2023.
- Expanded from roughly 30 connected mainnets in 2023 to about 165-170+ blockchains by 2026.
- Reported more than 160 million lifetime cross-chain messages and $260 billion in lifetime value moved in 2026.
- Grew the OFT issuer base to more than 700 token issuers by 2026.
- Won adoption from PayPal USD/Paxos, Ondo Finance, BitGo, Fireblocks, Ethena and the State of Wyoming.
- Built an open marketplace of 70+ Decentralized Verifier Networks, including enterprise operators.
- Published open research including the original LayerZero paper, V2 architecture and systems work such as ZeroOS.

## Latest updates

- **2026-07** — Worldpay, Fidelity Center for Applied Technology, Deutsche Telekom and Google Cloud were profiled as production enterprise DVN operators.
- **2026-07** — LayerZero and Keeta announced an integration intended to move tokenized commercial bank deposits between Keeta, Ethereum, Solana and Base.
- **2026-07** — LayerZero began winding down off-chain service and Stargate support for several low-activity chains.
- **2026-06** — The company detailed hardened pathway defaults, a new Rust verifier client and higher multisig thresholds following an April security incident.
- **2026-05** — LayerZero said an attack on LayerZero Labs DVN infrastructure affected one application while the core protocol remained unaffected; it ended 1-of-1 service by its DVN and recommended multi-verifier configurations.
- **2026-03** — LayerZero partnered with Centrifuge on multichain distribution for tokenized institutional funds.
- **2026-02** — Company-record data lists an additional venture financing round with no publicly specified amount.

## Links

- Website: https://layerzero.network
- LinkedIn: https://www.linkedin.com/company/layerzerolabs
- Twitter/X: https://x.com/LayerZero_Core
- GitHub: https://github.com/LayerZero-Labs

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Profile page: https://yespress.io/layerzero-labs
Published by YesPress — https://yespress.io
Last updated: 2026-08-12