LayerZero Labs, the developer of the omnichain interoperability protocol, announced on Thursday a $10 million purchase of its native ZRO token from the open market.
The company stated on social media platform X that it considers ZRO “one of the most mispriced assets in the world” and intends to make further purchases when market opportunities present themselves. Following the news, ZRO’s price rose by 11% in 24 hours to $1.73, giving it a $194 million market capitalization.
This recent action is part of a trend for LayerZero, as its foundation previously executed a much larger buyback in September, acquiring 50 million ZRO (5% of total supply) from early investors, which subsequently led to a price rally. LayerZero Labs emphasized the protocol’s core role in the ongoing transition to permissionless financial infrastructure.
LayerZero’s buyback also aligns with a growing industry-wide movement among crypto projects to return revenue to tokenholders. An investment firm, Keyrock, noted that buybacks and direct token distributions have increased over fivefold since 2024, indicating a shift where protocols are now prioritizing these payouts over solely reinvesting all revenue into growth. The report found that major crypto projects are, on average, returning 64% of total revenue to tokenholders.
These financial moves come alongside LayerZero’s continued efforts to expand its cross-chain network in 2025, including recent integrations with blockchains like Stellar and the Ethereum Layer-2 Mantle.
November 2025, Cryptoniteuae
