LayerZero (ZRO)

the structure here is what i don’t understand tho lmao. as of today, these tokens are including $ZRO all priced based on what they bring to the market rn (all rightfully priced imo) $SOL is the gas token to a highly performant and decentralized SVM network. and based on what exists on the network, the token is priced at 40x that of $ZRO. $MON Is the gas token to a highly performant and decentralized EVM network. and based on what exists on the network, the token is priced at ~3x that of $ZRO. Canton idk much cos haven’t read much, so can’t think of an apt one-liner but it seems like a privacy-focused network with strong institutional involvement. based on that, it’s priced 5x of $ZRO. i don’t think any of these being priced at these multiples relative to $ZRO is “ridiculous” like you’re saying, i mean, it’s just normal? me. one could even argue that relative to what the current offering w the token is, $ZRO is very much highly valued even. now, maybe as that offering changes (w Zero Network etc) there could be an argument to be made for the “ridiculous” to stand. but until then.. also, it’s kinda funny that the point used to dismiss all these other networks is “None of these chains come close to having the seriousness of partners such as Citadel ARK DTCC ICE, all of which hold the *token*” are you saying the seriousness of partners for a potential tomorrow > the reality of today? what is Citadel ARK DTCC ICE (the token holders) all doing as participants of the environment that $ZRO enables today? for context, the likes of Visa etc are involved as super validators on Canton btw. that’s clearly what the market wants to see - not partner lineup for a potential something. the market is obviously more mature and smarter rn overall so it wants things it can actually tangibly price today, rather than what it could be. it simply prices what is. (and maybe that’s why directional movements are more violent these days) if $ZRO fulfills its potential like you’re highlighting, then obv there’s upside. but still, the relativity point is what i don’t understand. dym these other tokens that are trading much higher shouldn’t be trading at these multiples higher? to me, they should. would be curious to know why anyone would think they shouldn’t, based on the reality of today.

I’ll say it out loud for you there’s no future where crypto succeeds and LayerZero is not part of it none. nada. impossible ZRO

many such cases

According to Wu, as reported by Onchain Lens, a wallet associated with the LayerZero team deposited 1 million ZRO into Binance, worth about $1.43 million. The wallet currently still holds 29 million ZRO, valued at roughly $41.34 million. https://t.co/RTZub57PyR

LayerZero linked wallet deposits 1,000,000 ZRO to Binance https://t.co/YOUp7Ypeon https://t.co/BWxk1BxlWo

A wallet linked to the LayerZero team deposited 1M $ZRO worth $1.43M into #Binance. The wallet still holds 29M $ZRO worth $41.34M and is likely to deposit further. Address: 0x1f903473376fbe98cc763f1bc459c8fdb6ac3909 https://t.co/76soJ4Uhon

Kelp DAO announces they're using LZ on February 15, 2024 Bryan says "there isn't a single application using LZ DVN as 1/1" ten months later on December 18, 2024. https://t.co/zYhZSaWbnm