#LayerZero , one of the popular altcoins of the recent period, shook the market with its airdrop announcement.
LayerZero, an interchain messaging protocol, is seeing a revival in activity as daily messages hit 98,000 on Saturday. This growth comes on the heels of a second airdrop announcement that has given new life to the ecosystem economy.
The latest increase represents a 433 percent increase from the previous low of 18,400 messages, indicating renewed interest in the protocol. This revival is particularly notable considering the protocol’s recent stagnation of activity; daily messages had been hovering around 20,000 for several weeks.
The airdrop announcement, the second airdrop announcement, seems to be the main driver of this sudden increase in activity. The moves LayerZero has made include an interesting twist: any activity that claimed ZRO tokens in the first version but later was excluded from this round and encouraged to be supported by this protocol.
LayerZero actively supports and increases protocol communication, which helps the ecosystem grow.
The 30-day claim period for the new airdrop increases users’ activity on the network.
You will need to pay attention to LayerZero’s daily activity as users start claiming their tokens. The increase in activity could translate into long-term adoption and usage of the LayerZero protocol. However, once the excitement of the airdrop wears off, network activity may decrease.
ZRO will also decline if the network structure deteriorates, BTC remains below $63,000, or BTC dominance increases.
#LayerZeroAirdrop #airdrops #binance
