💥 LayerZero acquires Stargate, strengthening its dominance in cross-chain
📈 The LayerZero protocol team announced the acquisition of Stargate Finance for $120 million. 94% of Stargate DAO participants voted in favor of the LayerZero proposal.
⭐️ Now ZRO will become the sole token of these projects, and STG tokens will be exchanged for ZRO at a ratio of 1 STG to 0.08634 ZRO.
The deal will strengthen LayerZero's dominance in the blockchain interaction segment, in which, according to Token Terminal, the company already controlled about 85% of the market share.
