1010210102 Tokens
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ZRO

LayerZero · Cross-chain messaging (OFT standard, Stargate) + Zero L1 (pre-launch)

23 /100
T5Impaired · #65 of 77
No engine yetCould move up ↑low likelihoodReviewed Oct 23, 2026
DemandSoundnessDurability
15 of 453 of 405 of 15

Key facts

SupplyFloat 40% of issued supply
  • Circulating 400.0M, 40%
  • Locked or unvested 600.0M, 60%
  • Max 1.00B
FDV / market cap
2.5x
$1.7B / $679.0M
Market cap
$679.0M
Price $1.70, 7d −14.0%

Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.

Assessment

LayerZero routes only Stargate revenue to ZRO: 100% of it since Apr 2026, ~$3.35M over the trailing year, spent on open-market purchases by Foundation policy and held in a Foundation reserve rather than burned. The fee switch on ~$2.1M a year of messaging fees has failed four referendums on quorum while Labs and the Foundation abstain. Strategic partners and core contributors received 57.7%, float is 40%, and ~23.6M ZRO unlocks on the 20th of each month (~5.9% of float) to Jun 2027. ZRO has no mint function, but its 3-of-5 owner Safe, with no timelock, sets the OFT peers that credit cross-chain mints, an uncapped path.

How value reaches holders

Only Stargate revenue reaches ZRO: 50% from Sep 2025 to Mar 2026, 100% since Apr 2026, spent on monthly open-market purchases by Foundation policy and held in a Foundation reserve, not burned (through Sep 2026: 2.54M ZRO for $3.68M). Messaging fees (~$2.1M/yr, down ~72% year on year) go entirely to DVNs and executors. The fee switch has failed all four referendums on quorum despite 96%+ yes: #4 (Jun 20-27, 2026) drew 2.8% of the 124.4M ZRO needed

Score anatomy

Demand

15 / 45: the stronger of two routes, plus adoption

Why would anyone hold it: does value reach the token, and is the network or product used today?

Holder routing engine input
2

100% of Stargate revenue buys ZRO, but by Foundation policy and into a Foundation reserve, not burned: ~$3.35M over the trailing year, ~0.4% of market cap

Small or discretionary flows, plumbing under 25%, or buy-and-hold into a treasuryHow this is scored

Revenue reality engine input
2

Stargate revenue ~$5.5M trailing year (from Foundation buyback disclosures; ~$2.7M/yr in Jul-Sep 2026) plus ~$2.1M/yr of DVN and executor fees the dormant fee switch could match

$5-25M/yrHow this is scored

Monetary usage engine input
0

Governance token; messaging fees are paid in native gas, not ZRO; no collateral use.

Trading onlyhigh confidenceHow this is scored

Adoption ×3
5

LayerZero carried 86-93% of third-party cross-chain volume (Jun 2026) and OFT/V2 bridges hold $16.1B: the default messaging layer

Reference: the category's default by a wide margin, the venue, network or asset others are measured againstmedium confidenceHow this is scored

Two routes, the stronger counts

01234500cash flowmoney
Revenue 2, minus 2 for routing 2 = cash flow 0. Money use 0. The engine is the stronger route: 0.

Soundness

3 / 40

Can a long-term holder trust the rules: supply, float, distribution and control?

Supply discipline ×3
0

No mint function, but ZRO is a native OFT whose 3-of-5 owner Safe (no timelock) sets the peers that credit cross-chain mints: an uncapped path (read Oct 2026).

Over 15%/yr, or a key, company, committee or multisig can mint without limit or redirect issuancemedium confidenceHow this is scored

Float and unlocks ×1
1

Float 40% (400M of 1B); ~23.6M ZRO unlocks on the 20th of each month (~5.9% of float) to Jun 2027, and the Foundation's 183M is re-locked until Zero mainnet.

Over 3% of float unlocking per month, or under 30% float with ongoing linear unlockshigh confidenceHow this is scored

Distribution ×2
0

Strategic partners 32.2%, core contributors 25.5%, repurchased 3.4%: 61%; community 38.3% incl. an 8.5% airdrop; the Foundation holds 183M re-locked; no public sale

Insiders received over 50%, or one organization directs over 30% todayhigh confidenceHow this is scored

Decentralization and security ×2
1

A 3-of-5 LayerZero Safe owns the ZRO OFT and can reset its peers, delegate and verifier config with no timelock, so it can halt or redirect cross-chain transfers; the endpoints themselves are immutable

A halt, rollback or exploited consensus bug in the last 24 months, attack cost under $10M, or a foundation-selected validator set or small multisig can halt or upgrade with no meaningful exit windowhigh confidenceHow this is scored

Durability

5 / 15

Is it big, proven and reachable by institutions?

Scale ×1
3

$735.7M market cap (band 3), $111.7M/day median volume (band 4), no flags.

Mid-cap: $250M-1B market cap and $10M/day+How this is scored

Track record ×1
1

Launched Jun 20, 2024 (2.3 years); the Apr 18, 2026 KelpDAO exploit ($292M) ran through a single-DVN LayerZero configuration.

1-3 yearshigh confidenceHow this is scored

Institutional access ×1
1

Spot on Binance, Coinbase, Kraken, OKX, Bybit and Upbit; no ETP found.

Top-tier exchanges only, or delisting pressuremedium confidenceHow this is scored

What would move it up

To reach T4 Speculative, one gate is still open:

  • Supply 0needs 1(open)

Tier outlook · next trigger Dec 20, 2026

Could move up ↑low likelihood

  • Supply rises if setting the OFT peers that credit cross-chain mints moves behind a timelock and binding holder vote
  • Routing: fee switch referendum #5 (expected Dec 20-27, 2026) against quorum; #4 drew 2.8% of it
  • Routing falls to 1 if the Foundation stops the monthly Stargate purchases
  • Overhang: ~23.6M ZRO on the 20th of each month to Jun 2027, and the Foundation's 183M re-locked until Zero mainnet
  • Security rises if the 3-of-5 Safe's power to reset peers, delegate and verifier config gains a timelock

Compare with

How the ranking works and how ZRO compares: see the full ranking. This entry as JSON:

GET https://tokens.10102.io/api/v1/tokenomics?symbol=ZRO