LayerZero Launches ATLAS Exchange Engine on Zero Blockchain, ZRO Token Surges
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· body · New information from a source
LayerZero has launched ATLAS, new exchange infrastructure built on its Zero blockchain aimed at trading platforms and financial institutions handling crypto and tokenized markets, according to The Block and CoinDesk.ATLAS is designed as a headless exchange, meaning it provides the matching and settlement layer without a front-end venue of its own, according to The Defiant.Under the model, 75% of post-venue trading fees generated through the system are directed into buybacks and burns of the ZRO token, The Defiant reported.LayerZero will also pay trading venues that route volume through ATLAS rebates of up to 65%, per the same report.Decrypt described ATLAS as a new settlement engine and reported that the market responded favorably to the announcement, with ZRO up 10% and nearly 50% off its recent low.CoinDesk and The Block also reported that the token surged following the news.- LayerZero has launched ATLAS, new trading infrastructure for crypto and tokenized markets built on its Zero blockchain, according to CoinDesk and The Block.
- The system is designed for trading platforms and financial institutions, The Block reported.
- ATLAS operates as a headless exchange that routes 75% of post-venue trading fees into ZRO buybacks and burns, according to The Defiant.
- The Defiant also reported that ATLAS pays trading venues rebates of up to 65%.
- The announcement drove a sharp move in LayerZero's native token.
- CoinDesk and The Block both reported that ZRO surged following the news.
· summary · New information from a source
LayerZero rolled out ATLAS, a headless exchange engine on its Zero blockchain that funnels trading fees into ZRO buybacks, sending the token higher.- LayerZero rolled out ATLAS, a headless exchange engine on its Zero blockchain that funnels trading fees into ZRO buybacks, sending the token sharply higher.
· headline · New information from a source
LayerZero Launches ATLAS Trading Engine on Zero Blockchain, ZRO Price Jumps- LayerZero Launches ATLAS Exchange Engine on Zero Blockchain, ZRO Token Surges
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
LayerZero has launched ATLAS, new trading infrastructure for crypto and tokenized markets built on its Zero blockchain, according to CoinDesk and The Block. The system is designed for trading platforms and financial institutions, The Block reported.
ATLAS operates as a headless exchange that routes The headless exchange routes 75% of post-venue trading fees into ZRO buybacks and burns, and pays trading venues rebates of up to 65%.
of post-venue trading fees into ZRO buybacks and burns, according to The Defiant. The Defiant also reported that ATLAS pays trading venues rebates of up to The headless exchange routes 75% of post-venue trading fees into ZRO buybacks and burns, and pays trading venues rebates of up to 65%.
.
The announcement drove a sharp move in LayerZero’s native token. CoinDesk and The Block both reported that ZRO surged following the news. Decrypt reported the token was up The market liked the news, with ZRO up 10% and jumping nearly 50% off its local bottom.
and had climbed nearly The market liked the news, with ZRO up 10% and jumping nearly 50% off its local bottom.
off its recent low.
The launch positions LayerZero’s Zero blockchain as settlement and exchange infrastructure rather than purely a messaging layer, with the buyback-and-burn mechanism tying trading activity on ATLAS directly to ZRO token economics.
Sources: CoinDesk, The Defiant, The Block, Decrypt
This article is for information only and is not financial advice.
Story so far 4 updates
- storyLayerZero Launches ATLAS Exchange Engine Built on Zero Blockchain, ZRO Token Surges
- storyLayerZero Launches ATLAS Exchange Engine, ZRO Token Jumps Nearly 50% Off Recent Low
- storyLayerZero Launches ATLAS Trading Engine on Zero Blockchain, ZRO Price Jumps
- storyLayerZero Launches ATLAS Exchange Engine on Zero Blockchain, ZRO Token Surges
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