Overview
LayerZero(ZRO)
Token Price$1.12
24h Change+2.33%
All Time HighDec 6, 2024$7.47
All Time LowMay 29, 2026$1.1
Key Metrics
Market Cap$282.89m
Fully Diluted Valuation$1.121b
Circ. Supply252.33m ZRO
Max Supply1b ZRO
Outstanding FDV$971.98m
Volume 24h$29.94m
CEX Volume$17.98m
DEX Volume$23.1m
Income Statement for LayerZero
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $418.20K | $509.54K | $584.12K | $1.47M | $1.53M | $1.85M | $2.89M | $1.88M | $6.44M | $15.26M | $8.84M | $14.19M | $17.04M | $1.65M | $754.95K |
| Service Fees | $116.64K | $129.96K | $17.68K | $115.39K | $86.37K | $331.76K | $920.28K | $861.21K | $4.45M | $14.17M | $8.84M | $14.19M | $17.04M | $1.65M | $754.95K |
| EXECUTOR_FEES | $247.03K | $323.20K | $464.03K | $1.17M | $1.23M | $1.23M | $1.45M | $784.56K | $1.42M | $963.90K | |||||
| DVN_FEES | $54.51K | $56.31K | $102.34K | $184.25K | $218.86K | $285.97K | $524.49K | $241.03K | $569.63K | $121.33K | |||||
| Token Buy Back | $1 | ||||||||||||||
Cost of Revenue | $418.20K | $509.54K | $584.12K | $1.47M | $1.53M | $1.85M | $2.89M | $1.88M | $6.44M | $15.26M | $8.84M | $14.19M | $17.04M | $1.65M | $754.95K |
| Service Fees | $116.64K | $129.96K | $17.68K | $115.39K | $86.37K | $331.76K | $920.28K | $861.21K | $4.45M | $14.17M | $8.84M | $14.19M | $17.04M | $1.65M | $754.95K |
| EXECUTOR_FEES | $247.03K | $323.20K | $464.03K | $1.17M | $1.23M | $1.23M | $1.45M | $784.56K | $1.42M | $963.90K | |||||
| DVN_FEES | $54.51K | $56.31K | $102.34K | $184.25K | $218.86K | $285.97K | $524.49K | $241.03K | $569.63K | $121.33K | |||||
Gross Profit | $470.71K | $1.13M | $1.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Token Buy Back | $470.71K | $1.13M | $1.18M | ||||||||||||
Incentives | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Earnings | $470.71K | $1.13M | $1.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Token Holder Net Income | $470.71K | $1.13M | $1.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Token Buy Back | $470.71K | $1.13M | $1.18M |
Risks
How much debt can be issued against ZRO as collateral across lending protocols.
Maximum possible exposure to ZRO
$2
$2 (max additional borrows against ZRO) + $0 (bad debt if ZRO was hacked now)
Morpho V1
$2 at-risk exposure = $0 bad debt if hacked + $2 additional borrowable against ZRO
Methodology and limitations
Showing collateral exposure for ZRO on Base. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for ZRO as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
ZRO0x6985884c4392d348587b19cb9eaaf157f13271cd | $2 | $0 |
Markets
Token Rights and Value Accrual
Updated Apr 01, 2026Overview
- Token(s)
- ZRO
- Token Type
- GovernanceUtility
- Utility
- Staking
ZRO is the limited governance token, allowing holders to control protocol fee accrual and functioning as a utility token that can be used today to pay LayerZero messaging fees and to stake into CryptoEconomic Decentralized Verifier Networks (DVNs) for cryptoeconomic security under the optional EigenLayer-based framework.
Governance Rights
ControlZRO's primary utility is governance over the protocol fee switch through a fixed, immutable onchain mechanism. If the fee switch is activated through governance, the referendum Treasury Contract will collect fees on the local chain and burn them.
Governance Decisions
An immutable smart contract enforces a public onchain referendum every six months. ZRO holders vote YES or NO.
Treasury Decisions
The LayerZero Foundation manages treasury functions.
Revenue Decisions
ZRO holders control whether the protocol charges a revenue-generating fee.
Fee Switch
OFFIn December 2025, a Governance Fee Switch Referendum to apply a fee to each LayerZero Message, convert to ZRO and burn did not reach quorum. The fee switch will remain off until the next vote, programmed to occur every six months.
Primary Value Accrual
BuybacksValue accrues through ZRO buybacks funded by excess Stargate revenue.
Equity Statement
Zero will not issue any new tokens, ZRO is the only asset. After the fee switch is activated, all platform revenues and economic value generated by Zero, LayerZero, and Stargate will directly belong to ZRO holders.
Economic Rights
Value CaptureAfter the acquisition of Stargate Finance, excess Stargate revenue funds monthly ZRO buybacks on the open market.
Buybacks
Buybacks are currently funded by Stargate revenue. The LayerZero fee switch is currently inactive.
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- Token SaleEquity
- Equity Revenue Capture
- Yes
- Associated Entities
- DAOLabsFoundation
Token Usage
An is required to view token usage.
Unlocks
An is required to view token unlocks.
Yields
Showing 10 of 18 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabZRO-USDC0.30% | $166,053 | 123% | 123% | 150% | |||||
| open in new tabWETH-ZROCL100 - 0.15% | $154,726 | 55.41% | 35.30% | ||||||
| open in new tabZRO-WETH0.3% | $113,095 | 24.74% | 24.74% | 16.18% | |||||
| open in new tabZRO-ZENCL200 - 0.08% | $74,586 | 135% | 63.05% | 303% | |||||
| open in new tabZRO-WETH0.3% | $69,027 | 34.00% | 34.00% | 34.37% | |||||
| open in new tabZRO-WETH | $20,761 | 50.66% | 50.66% | 14.74% | |||||
| open in new tabZRO-WETH1% | $18,389 | 31.43% | 31.43% | 15.34% | |||||
| open in new tabZRO-USDTUniswap | $16,351 | 27.47% | 32.49% | ||||||
| open in new tabZRO-USDT1% | $12,177 | 29.83% | 29.83% | 21.90% | |||||
| open in new tabZRO-USDC1% | $10,084 | 44.26% | 44.26% | 36.72% |
Borrow
Showing 10 of 252 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabZRO ➞ WEETH | $327,262 | 0.71% | 0.72% | -0.01% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ CBETH | $210,907 | 0.71% | 0.72% | 0% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ CBETH | $210,907 | 0.64% | 0.64% | 0% | 85% | $0 | $0 | ||
| open in new tabZRO ➞ TETH | $185,752 | 0.72% | 0.72% | 0% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ TETH | $185,752 | 0.64% | 0.64% | 0% | 85% | $0 | $0 | ||
| open in new tabZRO ➞ LBTC | $100,394 | 0.70% | 0.72% | -0.04% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ WSTETH | $81,219 | 0.71% | 0.72% | -0.01% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ CBBTC | $62,096 | 0.66% | 0.72% | -0.15% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ USDE | $382 | 0.70% | 0.72% | -0.05% | 40% | $9,895 | $2,050 | ||
| open in new tabZRO ➞ USDC | $12 | 0.70% | 0.72% | -0.05% | 40% | $9,895 | $2,050 |