LayerZero, one of the altcoins that has attracted attention recently, created great movement in the market with its airdrop announcement.
Cross-chain messaging protocol LayerZero saw a significant spike in activity on Saturday, with the number of daily messages reaching 98,000. The increase comes just after the protocol announced a second airdrop, injecting new life into the ecosystem.
The recent spike represents a 433% increase from 18,400 messages, indicating renewed interest in the protocol. This revival after a lull in activity is particularly notable, as the number of daily messages has been hovering around 20,000 in recent weeks. The second airdrop announcement appears to be the main reason for this sudden increase. LayerZero’s strategic move includes an interesting innovation:
Wallets that claimed ZRO tokens in the initial distribution but did not show any activity afterward are excluded from this new airdrop, thus encouraging sustainable interaction. LayerZero increases protocol interaction by rewarding active users, which contributes to the growth of the ecosystem. The 30-day claim period for the new airdrop increases users’ activity on the network.
As users start claiming their tokens, it will be important to monitor LayerZero’s daily activity. This increase could lead to long-term adoption and usage of the LayerZero protocol. However, if the excitement for the airdrop wanes, there could be a drop in network activity.
The decrease in network activity could lead to a drop in the ZRO price if BTC remains below $63,000 or if BTC dominance increases.
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