The world of blockchain bridges has undergone significant changes in recent years, with several platforms emerging as leaders in the field. According to industry reports, LayerZero is currently dominating the market share, processing billions of dollars in cross-chain transfers monthly.
One of the key factors contributing to LayerZero's success is its innovative approach to security models. The protocol has shifted from using wrapped assets to Zero-Knowledge proofs and optimistic verification, providing a more secure and efficient way for blockchains to communicate.