Crypto bridging protocol LayerZero is set to expand to the Solana blockchain on Wednesday, adding another route for crypto assets transferring between the Ethereum world and its largest singular competitor. Crypto holders on Solana will be able to move their assets to Arbitrum, Ethereum, Polygon and the 70 other chains it links to. LayerZero is a so-called bridging platform: a messenger between blockchains that don’t naturally communicate with each other. Private venture investors valued LayerZero Labs at $3 billion in a major funding round announced in April. The protocol is expected to issue its own token shortly.
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