Layer Zero Flows

LayerZero is an omnichain interoperability protocol with a mission to connect every contract on every chain.
They are able to create a generalistic messaging protocol across any chain through their Ultra Light Client design which makes it cheaper to validate Ethereum and other high throughput chains more broadly.
LayerZero itself is just a generalized communication protocol, hence it is not focused strictly on being a cross chain DEX but rather a much grander vision.
It is designed to be a low level messaging protocol so higher level applications can compose on top of it and provide a wide range of functionalities.
They recently integrated IBC for a robust set of communication and token standards that will sit on top of LayerZero’s transport layer.
LayerZero is able to bring cross-chain communication by building atop of a primitive they call ‘valid delivery’. This communication enables cross chain token transfers or any arbitrary data by providing 2 guarantees (as shown in the above flow).
I will be referencing the series of steps shown in the diagram above throughout the rest of this report.
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In this dashboard, we will review the following points. It should be noted that all information is obtained from Flipside data.
- The number of incoming and outgoing transactions that have used layerzero.
- The number of users who have used layerzero.
- The amount of input and output assets that layerzero is used to move.
- Which chain has been used the most in layerzero?
- and More ..
The graphs that you see in this dashboard follow the parameters that are placed on the top of this dashboard page, and to change them, it is enough to click on apply all parameters option after changing each parameter.