Airdrop news takes off: 433% increase!
LayerZero, one of the popular altcoins of recent times, shook the market with its airdrop announcement.
LayerZero, a cross-chain messaging protocol, is seeing a resurgence in activity as daily messages hit 98,000 on Saturday. This increase comes on the heels of the protocol announcing a second airdrop, breathing new life into the ecosystem.
The latest increase represents a 433% increase from the previous low of 18,400 messages, indicating renewed interest in the protocol. This revival is particularly notable given the protocol’s recent lull in activity; daily messages had been hovering around 20,000 for several weeks.
The announcement of a second airdrop appears to be the key driver of this sudden surge in activity. LayerZero’s strategic move includes an interesting twist:
**Wallets that claimed ZRO tokens in the initial distribution but have not shown any activity since then are excluded from this round, encouraging sustained engagement with the protocol.
**LayerZero increases protocol engagement by rewarding active users, which helps grow the ecosystem.
**The 30-day claim period for the new airdrop increases users’ activity on the network.
We will need to keep an eye on LayerZero’s daily activity as users start claiming their tokens. This increase in activity could translate into long-term adoption and usage of the LayerZero protocol. However, network activity may decrease as the airdrop excitement fades.
ZRO could fall if network activity decreases, $BTC remains below $63,000, or BTC dominance increases.
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