TLDR
- LayerZero is an omnichain interoperability protocol with a mission to connect every contract on every chain. They are able to create a generalistic messaging protocol across any chain through their Ultra Light Client design which makes it cheaper to validate Ethereum and other high throughput chains more broadly.
- LayerZero itself is just a generalized communication protocol, hence it is not focused strictly on being a cross-chain DEX but rather a much grander vision. It is designed to be a low-level messaging protocol so higher-level applications can compose on top of it and provide a wide range of functionalities.
- Initial rollout is planned for EVM chains with plans to incorporate non-EVM chains such as Solana in the...