LayerZero Foundation Acquires Stargate in $110 Million Deal, Here Are the Details!

Jakarta, Pintu News – A major announcement has been made by the LayerZero Foundation, which supports the LayerZero inter-chain interoperability protocol, with the planned acquisition of Stargate and its native token STG in a deal valued at approximately $110 million.

The deal was announced on Sunday and aims to integrate one of the leading participants in the ecosystem directly under the Foundation.

Check out the full information in this article!

Deal Details

According to Crypto Times, in the proposed deal, the STG token will be retired, with token holders being offered an exchange at a fixed ratio of 1 STG for 0.08634 ZRO, LayerZero’s native token, which equates to $0.1675 per STG and $1.94 per ZRO at the time of the announcement.

Stargate will operate as part of the LayerZero Foundation, and their decentralized autonomous organization (DAO) will be dissolved. The proposal is designed to accelerate the growth of both Stargate and LayerZero, with plans to expand Stargate’s role beyond that of a bridge between chains.

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Market and Community Reaction

This announcement was positively received by the market. STG rose about 12% to $0.188, while ZRO rose about 18% to $2.33. These price increases raised the implicit value of the deal to around $127 million. However, reactions on the DAO Stargate community forum were mixed.

Some members argued that the offer undervalued STG, given its historical peak and Stargate’s revenue potential. Bryan Pellegrino, Co-Founder and CEO of LayerZero Labs, defended the proposal as a fair offer based on the market conditions at the time, but emphasized that the DAO would decide its ultimate fate.

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Integration and the Future

Bryan Pellegrino wrote on X that this integration will allow for “a single stack that can be adopted by anyone who integrates in the LayerZero ecosystem” while helping Stargate realize their “ambitious roadmap”.

Stargate, launched by LayerZero in 2022, quickly became a major bridge in the industry, facilitating over $70 billion in cumulative volume. Although adoption of the protocol remains strong, the STG token has dropped to below $0.20 from its peak of $4.14.

Conclusion

This deal marks an important step in the evolution of LayerZero and Stargate, with the potential to further cement their position as leaders in blockchain interoperability. The final decision of Stargate’s DAO will largely determine the future direction of these two entities within the broader blockchain ecosystem.

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Reference

• Crypto Times. LayerZero Foundation Moves to Acquire Stargate in $110M Deal. Accessed on August 12, 2025
• Featured Image: Bankless