#Zero Blockchain Targets 2M TPS With Citadel, ARK Backing
LayerZero Labs plans to launch Zero, a new #layer-1 blockchain designed for institutional financial markets, in fall 2026. The project has secured strategic investments from Citadel Securities and ARK Invest.
Zero aims to process up to 2 million transactions per second by using zero-knowledge proofs and the Jolt virtual machine. LayerZero Labs stated this approach bypasses the replication requirement that limits most blockchains to under 10,000 transactions per second.
The #blockchain will launch with three permissionless environments called zones, all governed by the underlying network.
$ZRO, the native token of the LayerZero protocol, will enable #interoperability between these zones and across more than 165 existing blockchains.
Bryan Pellegrino, CEO of LayerZero Labs, stated the architecture advances the industry roadmap by at least a decade. He expressed confidence that the technology can bring the entire global economy #on-chain.
ARK Invest is becoming a shareholder in both LayerZero equity and
$ZRO tokens. CEO Cathie Wood will join Zero's newly formed advisory board alongside executives from Intercontinental Exchange and former BNY Mellon leadership. Citadel Securities has also made a strategic investment in
$ZRO.
