Daily Top Performer - Layerzero (Zro)

The S&P 500 fell 1.53% last week amid tariff concerns, with investors awaiting jobs data and earnings.

The S&P 500 closed Friday down 1.53% for the week as traders grew skittish about new U.S. tariff plans.

The S&P 500 closed Friday down 1.53% for the week as traders grew skittish about new U.S. tariff plans.

The mood among traders soured after the mid-week rally fizzled out. A series of U.S. macroeconomic data releases, including jobs figures and earnings reports, are expected in the coming week, which could provide further direction for the markets.

After hitting a new all-time high earlier in the week, the price of gold fell to $3,025 by Friday, as traders booked profits and rumors of Ukraine peace talks reduced demand for the safe-haven asset. However, expectations of the Federal Reserve cutting interest rates may have limited the bright metal’s losses.

The cryptocurrency markets also saw mixed movements, with CoinDesk Indices, which tracks the broader crypto market, rising 1.06% in the past 24 hours. Bitcoin dropped 0.75%, while Ether rose 0.07%.

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Today's top performer

LayerZero (ZRO) price rose 9.3% in the past 24 hours.

LayerZero, a cross-chain interoperability protocol, launched in 2021 with the goal of enabling secure communication between different blockchains, has reportedly raised more than $260 million in funding and reached a valuation of $3 billion.

The protocol, which supports 48 blockchains and is currently undergoing a V2 upgrade to enhance its security and programmability, has seen its first DApp, Stargate Finance, facilitate seamless cross-chain transfers.

Moreover, in partnership with the Stable Token Commission of Wyoming, LayerZero is developing the WYST stable token, as announced at the DC Blockchain Summit.

The enterprise is in the final stages of testing the Test versions of WYST on multiple blockchain testnetss using LayerZero’s Omnichain Fungible Token standard, which meets the legislative requirements for a multichain stablecoin. The Commission aims to launch a fiat-backed, fully reserved stablecoin in the near future.

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Talk of the town

Aave has integrated Chainlink’s Smart Value Recapture (SVR) on Ethereum Mainnet to recapture liquidation-related MEV, historically lost to block builders, and redirect it to DeFi apps.

Aave has integrated Chainlink’s Smart Value Recapture (SVR) on Ethereum Mainnet to recapture liquidation-related MEV, historically lost to block builders, and redirect it to DeFi apps.

Developed in partnership with BGD Labs and Flashbots, SVR enables Aave to reclaim Omnichaineable (OEV) from liquidations, ultimately boosting the protocol’s revenue potential. Initially deployed on select markets—tBTC, LBTC, AAVE, and LINK—the recaptured revenue will be split 65% for Aave and 35% for Chainlink.

Furthermore, SVR is the first Chainlink service to be integrated with Payment Abstraction, facilitating seamless LINK token conversions for covering service fees. Future upgrades will introduce further decentralization, gas efficiency, and cross-chain functionality.

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Bitcoin spot ETF flows

Date

GBTC (M USD)

Non-GBTC (M USD)

Total (M USD)

24 March 2025

0.0

84.2

84.2

25 March 2025

0.0

26.8

26.8

26 March 2025

0.0

89.6

89.6

27 March 2025

0.0

89.0

89.0

28 March 2025

0.0

(93.2)

(93.2)

Total (weekly)

0.0

196.4

196.4

Current Total (from inception):

Current Total (from inception):

(22,526)

58,860

36,334

The BTC spot ETF data for the week of March 24–28, 2025, shows a total of $196.4 million in Non-GBTC, with no changes in GBTC. The week's total was negative due to a significant drop on March 28, where Non-GBTC was down by $93.2 million. The current total from inception stands at $36,334 million for Non-GBTC and -$22,526 million for GBTC.

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