LayerZero ($ZRO ) is moving strongly on its own.
ZROUSDT
Perp
2.0537
+0.97%
Volume & Flow: $ZRO volume is 2–3x its recent average, indicating capital rotation rather than retail hype.
On-Chain Activity: Active wallets are up 20–30% WoW and cross-chain message volume is higher, showing real usage.
Derivatives: Open interest is rising with price, while funding rates remain neutral, suggesting measured leverage.
Market Structure: $ZRO broke a tight range and is holding above prior resistance with higher lows.
Key Question: If volume, on-chain activity, and open interest remain elevated, this could be an early repricing of LayerZero’s cross-chain narrative. Otherwise, it may be a short-lived momentum trade.