LayerZero Launches ATLAS Exchange Infrastructure as ZRO Jumps 16%
The system lets venues keep their own interfaces while staking ZRO for fee rebates and directing 75% of remaining fees to token burns.
- On Tuesday, LayerZero unveiled ATLAS, a new trading infrastructure serving as a neutral backend for crypto and tokenized markets including stocks, bonds, and commodities.
- Building on its Zero blockchain announced earlier this year with partners including Citadel Securities and Google Cloud, LayerZero is moving deeper into trading infrastructure from its cross-chain bridging business.
- Rather than offering a consumer app, ATLAS provides two configurations: Open ATLAS targets crypto trading apps and prediction markets, while Institutional ATLAS lets financial firms set their own market rules.
- LayerZero's ZRO token surged more than 30% following the announcement, with 75% of remaining fees used to buy and burn the native token, strengthening its link to trading activity.
- The expansion follows a rough patch for LayerZero's cross-chain business after attackers stole about $292 million from a Kelp DAO LayerZero-powered bridge in April, prompting protocol departures.
22 Articles
22 Articles
LayerZero launches ATLAS exchange infrastructure as ZRO jumps 16%
LayerZero has unveiled ATLAS, an exchange infrastructure layer built on its Zero blockchain for crypto trading platforms and financial institutions, while ZRO has climbed more than 16% following the announcement. LayerZero said ATLAS, short for Aggregated Trading, Liquidity and Settlement,…
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YOUR CULTURE HUBLayerZero Announces ATLAS, a Headless Exchange for the Future of Global Markets
ATLAS is a first-of-its-kind global market infrastructure designed for the next generation of global markets Built for both open and institutional markets,...
LayerZero Launches ATLAS for Institutional Exchange Infrastructure
LayerZero has introduced ATLAS, a new infrastructure platform designed to allow trading firms and financial institutions to operate their own branded exchanges without developing core systems for matching orders, clearing, settlement and risk management from the ground up. The company describes ATLAS as a headless exchange infrastructure, meaning it does not operate its own consumer-facing application or trading venue. Instead, institutions can …
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