{"id":165506,"date":"2024-05-02T11:51:20","date_gmt":"2024-05-02T11:51:20","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165506"},"modified":"2024-05-02T11:51:23","modified_gmt":"2024-05-02T11:51:23","slug":"layerzeros-successful-airdrop-snapshot-zro-perpetual-futures-soar-to-8-3-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/layerzeros-successful-airdrop-snapshot-zro-perpetual-futures-soar-to-8-3-on-hyperliquid\/","title":{"rendered":"LayerZero&#8217;s Successful Airdrop Snapshot: ZRO Perpetual Futures Soar to $8.3 on Hyperliquid"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">LayerZero has completed its first snapshot for the <strong>upcoming<\/strong> <strong>airdrop<\/strong>.<\/li>\n<li style=\"text-align: justify\">ZRO, its native currency, becomes the first Hyperp on Hyperliquid, <strong>trading at $8.3 and a possible fully diluted valuation of $17 billion. <\/strong><\/li>\n<li style=\"text-align: justify\">There are <strong>concerns about the long-term impact of airdrops<\/strong> on DeFi protocols due to the involvement of <strong>professional airdrop hunters.<\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/layerzero\/\" target=\"_blank\" rel=\"noopener\">LayerZero<\/a>, a blockchain interoperability protocol, has completed its first snapshot for its upcoming airdrop.<\/strong> This event, scheduled for May 2nd, has sparked interest in the community due to the potential rewards for early adopters.<!--more--><\/p>\n<p style=\"text-align: justify\">The <a href=\"https:\/\/crypto-economy.com\/what-is-a-cryptocurrency-airdrop\/\" target=\"_blank\" rel=\"noopener\"><strong>airdrop<\/strong><\/a>, a strategy commonly used by decentralized finance (DeFi) protocols,<strong> aims to incentivize early participation by granting new cryptocurrencies to users<\/strong>. In this case, rewards have been promised to those who engage with the protocol.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">More information coming soon. <a href=\"https:\/\/t.co\/NyMpJFVg9S\" target=\"_blank\">pic.twitter.com\/NyMpJFVg9S<\/a><\/p>\n<p>&mdash; LayerZero Labs (@LayerZero_Labs) <a href=\"https:\/\/twitter.com\/LayerZero_Labs\/status\/1785821562475839843?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">ZRO, LayerZero&#8217;s native currency, <strong>has become the first Hyperp (exclusive perpetual contract on Hyperliquid) on the Hyperliquid platform<\/strong>. Its current price on Hyperliquid&#8217;s perpetual futures market is quoted at $8.6, with a possible fully diluted valuation of $17 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LayerZero was the first Hyperp on <a href=\"https:\/\/twitter.com\/HyperliquidX?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@HyperliquidX<\/a>  launched back in September 2023, <a href=\"https:\/\/twitter.com\/search?q=%24ZRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$ZRO<\/a> is currently trading at a price of ~$8.60 implying an FDV of ~$17B.<\/p>\n<p>Trade it here: <a href=\"https:\/\/t.co\/QnBVGJxe4K\" target=\"_blank\">https:\/\/t.co\/QnBVGJxe4K<\/a> <a href=\"https:\/\/t.co\/C4J6rvqnbx\" target=\"_blank\">https:\/\/t.co\/C4J6rvqnbx<\/a> <a href=\"https:\/\/t.co\/CHMnp7DZAi\" target=\"_blank\">pic.twitter.com\/CHMnp7DZAi<\/a><\/p>\n<p>&mdash; xulian &#8211; MultiPurr Capital (@KingJulianIAm) <a href=\"https:\/\/twitter.com\/KingJulianIAm\/status\/1785841646157897891?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/app.hyperliquid.xyz\/trade\/ZRO\" target=\"_blank\" rel=\"noopener\"><strong>Hyperliquid<\/strong><\/a>, the platform where Hyperps are traded, has established itself as a leading<strong> global player in terms of trading volume and open interest in perpetual futures contracts.<\/strong> This dominant position has significantly contributed to the popularity of assets associated with the platform, such as ZRO.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-83281\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/05\/layer-post.jpg\" alt=\"layerzero post\" width=\"825\" height=\"467\" \/><\/p>\n<h2>Airdrop Hunters Eyeing LayerZero<\/h2>\n<p style=\"text-align: justify\">However, the excitement surrounding LayerZero&#8217;s airdrop has been tempered by <strong>concerns about its long-term impact<\/strong>. Allegedly, <strong>airdrops may have negative effects on DeFi protocols due to the involvement of professional airdrop hunters<\/strong>. These individuals often exploit such events to obtain large quantities of tokens, which they then sell on the market, potentially causing a decline in their value.<\/p>\n<p style=\"text-align: justify\">A recent example of this practice is the StarkNet airdrop, where a significant portion of <strong>eligible addresses were found to be associated with GitHub accounts controlled by airdrop hunters.<\/strong><\/p>\n<p style=\"text-align: justify\">Despite these concerns, LayerZero&#8217;s airdrop continues its course and fuels expectations within the crypto community. Its launch is expected to attract greater attention to the protocol and its associated cryptocurrency, ZRO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR LayerZero has completed its first snapshot for the upcoming airdrop. ZRO, its native currency, becomes the first Hyperp on Hyperliquid, trading at $8.3 and a possible fully diluted valuation of $17 billion. There are concerns about the long-term impact of airdrops on DeFi protocols due to the involvement of professional airdrop hunters. LayerZero, a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"LayerZero&#8217;s Successful Airdrop Snapshot: ZRO Perpetual Futures Soar to $8.3 on Hyperliquid\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/layerzeros-successful-airdrop-snapshot-zro-perpetual-futures-soar-to-8-3-on-hyperliquid\/#more-165506\" aria-label=\"More on LayerZero&#8217;s Successful Airdrop Snapshot: ZRO Perpetual Futures Soar to $8.3 on Hyperliquid\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":165509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9883,84,74],"tags":[4583,4620,4656,5287,9805],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165506"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=165506"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165506\/revisions"}],"predecessor-version":[{"id":165510,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165506\/revisions\/165510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/165509"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=165506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=165506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=165506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}