Is LayerZero a funded company?

LayerZero is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does LayerZero rank among its competitors?

LayerZero ranks 40th amongst 36 active competitors, of which 11 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was LayerZero Labs Canada Inc, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of LayerZero?

LayerZero's top competitors include LayerZero Labs Canada Inc, Axelar and Element. Among them, LayerZero Labs Canada Inc secured the most recent funding round in February, 2026.

LayerZero - 2026 Company Profile & Competitors

LayerZero is a deadpooled company, founded in 2023. It operates as an Omnichain interoperability protocol for cross-chain applications. The company has 36 active competitors, including 11 that are funded. Its top competitors include companies like LayerZero Labs Canada Inc, Axelar and Element.

Company Details

Omnichain interoperability protocol for cross-chain applications. It offers a protocol that enables cross-chain applications to communicate. It enables developers to develop omnichain applications, tokens, and experiences. The protocol allows developers to control and communicate across different blockchains.

Key Metrics

Founded Year

2023

Stage

Deadpooled

Ranked

40^th among 40 competitors

Similar Companies

LayerZero Labs Canada Inc & 38 more

View LayerZero's full profile

LayerZero has not raised any funding rounds yet.

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Top competitors of LayerZero include LayerZero Labs Canada Inc, Axelar and Element. Here is the list of Top 10 competitors of LayerZero, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	LayerZero Labs Canada Inc 2021, Vancouver (Canada), Series B	Omnichain interoperability protocol that unites decentralized applications	$318M	Andreessen Horowitz, Sequoia Capital & 52 others	70/100
2nd	Axelar 2020, Toronto (Canada), Series B	Online platform for cross-chain communication for web3	$93.7M	Polychain, DCVC & 41 others	68/100
3rd	Element 2016, London (United Kingdom), Series B	Decentralized team messaging app for enterprises	$48.1M	Automattic, Notion & 7 others	67/100
4th	Wormhole 2020, George Town (Cayman Islands), Series D	Provider of blockchain interoperability platform	$225M	Brevan Howard, ParaFi & 9 others	65/100
5th	Multichain 2020, Singapore (Singapore), Seed	Cross-chain router protocol for businesses	$60M	Binance, Circle Venture Capital & 10 others	49/100
6th	Sending.Network 2022, New York City (United States), Seed	Online platform offering messaging protocol solutions	$20M	Yield Guild, Symbolic Capital & 4 others	48/100
7th	Whisper 2020, South Korea, Unfunded	Blockchain-based messenger platform for wallets	-	-	40/100
8th	Zero Tech 2021, San Francisco (United States), Unfunded	Decentralized cryptocurrency messenger platform	-	-	40/100
9th	Glacis Labs 2024, New York City (United States), Seed	A router and firewall for cross-chain messages	$2M	Arrington Capital, Paper Ventures & 3 others	39/100
10th	Wormhole 2022, George Town (Cayman Islands), Unfunded	Decentralized messaging protocol and blockchain development platform	-	-	37/100
40th	LayerZero 2023, Deadpooled	Omnichain interoperability protocol for cross-chain applications	-	-	15/100