TL;DR
- LayerZero has experienced a 433% increase in its activity, reaching 98,000 daily messages following the announcement of a second airdrop.
- The new strategy focuses on rewarding active users and excludes those who do not participate, aiming to foster genuine commitment to the protocol.
- The price of the ZRO token has risen by 16.8% and reached $5.19, with 80.39% of addresses in profit; if it surpasses $4.99, it could approach its all-time high of $5.60.
LayerZero, a messaging protocol that provides interoperability between chains, has achieved a resurgence in its activity after announcing a second airdrop, which has revitalized interest in its ecosystem.
Since the news was disclosed, the daily number of messages processed by the protocol has spectacularly increased, reaching a total of 98,000 messages, representing a 433% increase from the previously recorded level of 18,400 messages. This type of resurgence occurs after a period of inactivity where interactions were hovering around 20,000 daily transactions.
LayerZero’s strategy for this second airdrop focuses on rewarding users who have shown a strong commitment to the protocol. Unlike the first distribution, this time those who claimed tokens but did not engage in additional activities have been excluded. This approach seeks to incentivize active use and distinguish between genuine users and those merely looking to benefit from the distribution without true participation in the ecosystem.
LayerZero (ZRO) Prepares to Challenge its All-Time High
Moreover, the strategy has crucial implications not only for short-term activity but also for the long-term organic growth of the protocol. LayerZero aims to build a more engaged and dynamic community. The 30-day window established for claiming the new airdrops could sustain the elevated level of activity, as users rush to meet the necessary criteria for future airdrops.
In parallel, the price of LayerZero’s token, ZRO, has registered a 16.8% increase in the last 24 hours, reaching $5.19, driven by the reallocation of unclaimed tokens to active users. This has been crucial in strengthening user interest in the platform. Currently, 80.39% of addresses are in profit. If the price of ZRO surpasses $4.99, it could challenge its all-time high and reach $5.60. However, if it fails to maintain this momentum, it could face a correction that brings it down to levels of $3.83.
