LayerZero Dominates with $110M Stargate Acquisition After Fierce Bidding Battle

Blockchain's bridge wars just got a whole lot more expensive.

The $110M Power Move

LayerZero drops nine figures to secure Stargate—outmaneuvering every competitor in the process. This isn't just an acquisition; it's a statement. The interoperability space just found its new heavyweight.

Why Stargate Matters

Seamless cross-chain liquidity doesn't come cheap. Stargate's tech lets assets move between chains without wrapping or splitting—something rivals would kill for. Now LayerZero owns it outright.

Finance Traders Shrug

Meanwhile, traditional finance guys are still trying to figure out why anyone would spend real money on 'digital bridge things.' Their loss—this deal reshapes the entire multi-chain landscape overnight.

Watch the dominoes fall.

Rival Bidders Try Last-Minute Offers

Earlier, three rivals tried to secure Stargate, including Wormhole, which offered $120 million in cash, claiming it WOULD give stakers 3x the projected revenue for six months upfront. 

Axelar Network and Across Protocol also signaled interest but ultimately did not submit formal bids. Stargate Foundation lead Angus Lamps stated the vote could not be paused, as all interested parties had access to due diligence under non-disclosure agreements.

Updated Offer Benefits Token Holders

The original proposal by LayerZero suggested a revenue-based ZRO buyback program, but the community has requested changes to the plan, 50% of top-line revenue over a six-month period will be paid out to Stargate stakers, with the other half being used to buy back ZRO tokens. Under the approved terms, all circulating STG tokens will be swapped for ZRO at a ratio of 1 STG to 0.08634 ZRO.

LayerZero, launched in 2022, has Stargate, which allows cross-chain transfers to happen through liquidity pools, so assets can MOVE natively without being dependent on blockchain bridges that are vulnerable to attacks. Through this acquisition, Stargate will once again be under the full control of LayerZero, with the promise of greater security and further cross-chain innovation. 

The acquisition demonstrates the increasing impact of LayerZero in the field of blockchain interoperability, with high community trust and 95% approval ratings on key protocol decisions.

Also Read: Metaplanet Buys $11.7M in Bitcoin, Hits Japan Mid-Cap Status