LayerZero Core has launched lzRead, a new protocol enabling developers to access and compute historical blockchain data across multiple chains through a single function call.
Stargate, an early adopter of the technology, plans to implement lzRead for:
- Omnichain asset verification
- Cross-chain reward distribution
This development follows industry trends toward improved cross-chain data accessibility, similar to ChainLight's Relic Protocol v2 on zkSync Era launched in late 2023.
Any Data. Any Chain(s). Any Period of Time. Today, @LayerZero_Core unveiled lzRead, enabling developers to retrieve and compute data from any chain(s) with a single function call, leveraging the full historical data of each chain. Stargate is a proud day 1 builder with lzRead!
Any Data. Any Chain(s). Any Period of Time. Introducing lzRead, a new data primitive.
LayerZero Foundation Proposes Stargate Acquisition
The LayerZero Foundation has initiated a significant move in the cross-chain ecosystem by proposing to acquire Stargate through the StargateDAO forums. Key points: - Proposal open for community feedback over 7-day period - Follows recent Stargate ecosystem expansion - Comes after $20M intent system proposal This development could reshape the future of cross-chain liquidity protocols. Community members can review and comment on the proposal through StargateDAO forums.
Stargate Network Achieves Multiple Chain Milestones

**Key Network Milestones:** - Sei Network surpasses $500M in transfer volume - Abstract reaches $100M+ in transfers - Total network hits $70B in transfer volume **July 2023 Performance:** - $3.95B transfer volume - 970K transactions completed - 34 new OFTs added - 5.8M API calls **Notable Updates:** - Sei Network now supports native USDC, USDT0, and WETH - PENGU token transfers increased 30% - Zero-slippage and zero-fee transfers available for OFTs - Instant settlement guaranteed for native assets *Network continues expansion with more Hydra chains and assets planned for August.*
Ethereum Foundation Releases July 2025 Treasury Report
The Ethereum Foundation (EF) has published its July 2025 Treasury Report, providing detailed insights into: - Current asset holdings - Monthly earnings breakdown - Recent treasury activities and transactions This follows the updated treasury policy from June 2025, which established new guidelines for: - Token sale strategies - Fiat currency acquisition - Enhanced transparency reporting measures *View the complete report here* [Treasury Report](link-placeholder) For historical context and previous reports, visit the [EF Treasury Archive](link-placeholder).
Stargate Launches on Solana with Multi-Token Support

Stargate has expanded to Solana, enabling seamless transfers of multiple stablecoins and tokens including USDC, USDe, USDY, PYUSD, USDG, PENGU, HEMI, SEI, XDC, and CAKE. Key features: - Zero slippage and fee-free transactions - Perfect 1:1 execution rate - Integration with 80+ blockchain networks - Support for Circle's CCTP v2 The expansion follows significant milestones: - $250M transferred to Aptos - $7B+ moved to Base - Processing ~$69,700 in value every minute This launch strengthens Stargate's position as a global liquidity infrastructure, facilitating cross-chain asset movement with guaranteed settlement.
EURC Integration Coming to Stargate Protocol
The Stargate Protocol is preparing to integrate EURC (Euro Coin) into its cross-chain infrastructure. This development will enable seamless Euro-denominated transfers across multiple blockchain networks. - EURC integration marks significant expansion of Stargate's currency options - Implementation expected to benefit European users and institutions - Launch timeline targeted for Q3 2025 This addition will expand Stargate's capabilities beyond existing stablecoin options, creating new opportunities for Euro-based cross-chain transactions. *European users will soon have native currency options for cross-chain operations.*