Charles Hoskinson, Cardano founder, announced in a livestream that the network is no longer an island because it is now fully integrated with LayerZero, enabling seamless liquidity and value transfer across 80+ blockchains.
LayerZero, the cross-chain protocol, now connects Cardano with BNB Chain, Solana, and Ethereum. Hoskinson says this unlocks new liquidity and use cases, letting Cardano users and dApps seamlessly interact across major networks.
“Cardano is no longer an island,” Hoskinson said, highlighting its push for interoperability across blockchains. This evolution enhances Cardano’s role in DeFi, NFTs, and cross-chain applications.
Institutional confidence is also rising, given that Grayscale’s Smart Contract Fund slightly increased its ADA allocation from 19.50% to 19.55%, signaling growing endorsement from major investors.
Cardano Eyes Key Resistance as LayerZero Integration Boosts Cross-Chain Potential
Cardano (ADA) is drawing market attention as it presses into overhead supply after a strong relief rally.
Analyst Gain Muse notes that if sellers hold this zone and momentum falters near resistance, a pullback toward the lower channel boundary is possible.
Source: Gain MuseNotably, key levels to watch entail resistance at $0.278 and support at $0.260. ADA is currently trading at $0.259 per CoinGecko data.
Therefore, the LayerZero integration signals a pivotal shift for Cardano, transforming it from an isolated network into an interoperable hub. This expansion boosts ADA’s utility and unlocks cross-chain opportunities for developers and investors.
Currently, Cardano is consolidating near recent highs, trading within a tightening range.
As the network leverages LayerZero’s bridging technology, market observers will watch for adoption trends and potential price momentum, positioning Cardano for broader growth in the DeFi ecosystem.
Source: https://zycrypto.com/cardano-no-longer-an-island-says-hoskinson-as-ada-integrates-with-over-80-blockchains/
