ZRO · the unlock calendar and the chain disagree.
ZRO is the native token of LayerZero, an omnichain messaging protocol living across seven chains — a fixed 1B supply, all of it minted at launch, with ~353.3M circulating.
Sell pressure. ~3.64M ZRO. The vesting calendar said 72.15M, but that is what actually left the lock contracts.
Buy pressure. ~0.41M ZRO bought on the open market with bridge revenue and parked in a wallet that has never sold.
Net. About +0.91% to market — supply is growing, but far more slowly than the unlock schedule implies.
- Vesting installment (scheduled entitlement)24.05M ZROAug 20 2026 · added to market
- Vesting installment (scheduled entitlement)24.05M ZROSep 20 2026 · added to market
LayerZero never mints ZRO. The whole 1B supply was created at launch in 2024 and the on-chain total read the same at both ends of the 90 days. There is no staking reward and no block reward paid in ZRO, so no new token is created.
The published calendar released 72.15M ZRO to investors and the team over these 90 days, on the 20th of each month. Almost none of it moved: the lock contracts that hold those allocations went from 464.72M to 461.08M, so only ~3.64M actually reached the market — about a twentieth of the paper figure. Tokens that vested on paper but stayed inside the contract are not selling pressure yet.
The two large treasury multisigs, holding ~106.1M and ~69.5M ZRO, did not move a single token in the window. The buyback wallet (~2.03M) has only ever received. Behind them sits ~461.1M ZRO still inside the lock contracts — vested on the calendar but never drawn. All three are tracked overhangs with no release date, and all are monitored.
No bankruptcy estate, court-ordered distribution or expiring lock-up contract touches ZRO. Nothing in this row exists for this token.
Revenue from the project's bridge is used to buy ZRO on the open market every month. The last three purchases were 143,400 in April 2026, 124,574 in May 2026 and 141,557 in June 2026 — ~0.41M ZRO in total. The wallet that receives them holds ~2.03M, which is every token the programme has ever bought: it accumulates and has never sold.
The fee switch that would convert protocol fees into ZRO and destroy them has been put to holders four times and rejected every time, most recently in June 2026. It has never been live, and the burn address holds no ZRO at all. Announced is not the same as active.
No separate open-market buying by the foundation beyond the monthly programme already counted in the buyback row above, so nothing is booked twice.
No new escrow or multi-year lock was created in the window. Bought-back ZRO sits in a wallet the foundation controls rather than in a contract with a release date — monitored.
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