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LayerZero (ZRO): 70% of Stablecoin Bridges, Why Is the Fee Switch Still Off? | Daily Crypto IQ
Token Autopsy · streamed · runtime 2:06:40
Takeaways
Derived from the stream's auto-generated captions.
- Token Autopsy of LayerZero (ZRO), the protocol that absorbed Stargate Finance: 165-plus chains and about 70% of stablecoin bridge flow, per the stream.
- The headline question: the core fee switch has been voted off four times out of four, so messaging fees currently send zero value to ZRO. The only live purchases come from Stargate, roughly 3.6 million cited.
- Supply check: about 40% circulating, with roughly 23.6 million ZRO unlocking every month, live today.
- Atlas buy-and-burn (75% of post-rebate fees) is announced for after a November 30 launch, so it's planned, not measured, and left out of the score. Partner logos are not day-one revenue.
- Final score: 74 out of 100, a watch verdict. 33 of 35 on utility and moat, 21 of 35 on value capture and tokenomics.
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