Stargate

Stargate is a bridge built on LayerZero that moves native assets rather than wrapped representations. You send USDC and receive USDC, drawn from a pool on the destination chain, instead of receiving a claim token.

That requires liquidity sitting on both sides, which is what the TVL here measures: it is bridge inventory, not user deposits seeking yield, although liquidity providers do earn from transfer fees. V2 and V1 are tracked separately and Stargate connects twenty-four chains.