Over 30% Rally in ZRO: LayerZero’s Infrastructure Move for Exchanges

ZRO price rose by more than 30% in the same session as LayerZero announced ATLAS, its new infrastructure for crypto and tokenized asset trading.

LayerZero has developed a new back-end infrastructure that exchanges and other trading platforms can use with their own interfaces. According to the company’s statement, ATLAS aims to support the trading of tokenized stocks, bonds, commodities, and prediction markets alongside cryptocurrencies.

Trading at around $1 at the beginning of the session, ZRO rose to the $1.33 level following the announcement. The price movement coincided with LayerZero’s plan to move beyond being just an infrastructure provider that moves assets between different blockchains.

ATLAS to offer trading tools to exchanges on a single infrastructure

The name ATLAS comes from the acronym for “Aggregated Trading Liquidity and Settlement.” The system aims to combine order matching, risk management, clearing, and settlement processes into a single structure. The infrastructure will run on the Zero blockchain, which LayerZero announced this year.

ATLAS will not offer its own trading application. Instead, exchanges and trading platforms will be able to connect the system to their existing customers and interfaces. Open ATLAS focuses on crypto applications and prediction markets, while Institutional ATLAS will allow financial institutions to set their own market rules.

Buyback and burn plan for ZRO

Platforms will be able to stake ZRO to receive higher fee rebates. After rebates to trading platforms and payments to market makers, 75% of the remaining fees will be used to buy and burn ZRO.

This mechanism does not yet represent realized trading volume, revenue, or token burning. LayerZero plans to establish a direct link between ZRO and trading activities depending on the future usage of ATLAS.