LayerZero Eyes $127M Stargate Acquisition Amid Token Spike

- LayerZero plans $110 million acquisition of Stargate, integrating it into its ecosystem. - Token price surges elevate the deal valuation to approximately $127 million. On August 10, 2025, The Block reported that the LayerZero Foundation proposed to acquire the cross-chain bridge Stargate and its STG token for $110 million, aiming to integrate it into the LayerZero ecosystem. The proposed deal includes a token swap, offering 0.08634 of LayerZero’s native ZRO token for every 1 STG, and would also dissolve Stargate’s decentralized autonomous organization (DAO) to place the bridge under the foundation's direct management. Bryan Pellegrino, co-founder and CEO of LayerZero Labs, explained the move will accelerate development and align with LayerZero's roadmap for a more unified cross-chain infrastructure. Although known as the most utilized bridge in the industry, having facilitated over $70 billion in historical transaction volume, the STG token has declined substantially in value from its peak. The announcement triggered a market response, with the STG token rising by approximately 12% and LayerZero’s ZRO token climbing by about 15%. As a result, this surge has elevated the deal's estimated valuation to around $127 million. The Stargate community has subsequently begun a seven-day discussion period for the proposal on its community forum. According to data from Market Survey, LayerZero (ZRO) was trading at $2.267 as of August 10 at 20:08 UTC, with its 24-hour trading volume up by 15.42%.