LayerZero’s OFT standard accounts for 87% of cross-chain transfer volume

If you’ve moved a token between blockchains recently, there’s a very good chance LayerZero handled the delivery. The protocol’s Omnichain Fungible Token (OFT) standard now accounts for 87% of all cross-chain transfer volume, a figure the company highlighted on August 4. How OFT became the default The OFT standard works on a deceptively simple principle. When a token needs to exist on multiple blockchains, it uses a burn-and-mint mechanism. Tokens are burned on the source chain, then minted on the destination chain, keeping the global supply constant across more than 100 supported networks. For token issuers starting from scratch, this is particularly attractive. Rather than deploying separate contracts on every chain and managing liquidity independently, OFT offers a single standard that handles expansion across dozens of networks simultaneously. As of June 2025, LayerZero was managing approximately $44 billion in cross-chain assets. The stablecoin angle As of May 2025, 61.2% of all issued stablecoins, roughly $150 billion worth, were supported by LayerZero’s infrastructure. Pruning the garden and upcoming token dynamics On July 24, the protocol announced it would wind down support...