Cathie Wood Backs LayerZero as Crypto Token Surpasses $1 Billion Market Cap
Cathie Wood has publicly praised LayerZero (ZRO) for its role in cross-chain messaging, saying most investors 'do not appreciate the important role' it plays. According to an ARK research paper, LayerZero handled $280 billion in cumulative value transferred and 44% of cross-chain volume in H1 2026.
ARK's director of research for digital assets, Lorenzo Valente, expects nine-figure annual recurring revenue from LayerZero's interoperability business. Wood praised the founding team behind LayerZero, citing their vision as impressive.
ZRO trades near $1.04 with a market cap of $368.7 million and about 353 million circulating tokens. Despite a strong monthly gain of around 36%, its price is still far below its December 2024 peak of $7.47. The token's supply continues to put pressure on the price, as monthly unlocks add to the circulating base.
ARK has disclosed financial interests in both LayerZero Labs and ZRO, so its research may be seen as biased. However, Valente framed the revenue call as his own read, not a house forecast.