The full-chain interoperability protocol LayerZero opened airdrop applications on June 20, which officially ended on the 20th of this month after 3 months. Subsequently, the official announced on the 21st that the unclaimed $ZRO tokens would be redistributed to qualified users. This news greatly stimulated the number of interactions with the LayerZero protocol.
The basis for airdrop redistribution includes gas fees paid since TGE
According to LayerZero’s official post, eligible users are those who have claimed the airdrop and still used LayerZero at least once after the $ZRO issuance (TGE).
$ZRO will be distributed based on the original share of users at the TGE, with eligible users receiving a corresponding share of tokens. In addition, tokens that were originally allocated to wallets with no trading activity will be redistributed to active users based on the proportion of gas fees paid by these users since the TGE. Therefore, in addition to receiving their original share, eligible users will also receive additional tokens based on the gas fees they paid.
Official reminder: users must claim these additional tokens from the same chain as the initial one. Aptos users must claim them from their EVM wallets for 30 days. If any tokens are not claimed after that, they will be transferred to the LayerZero Foundation.
It is worth mentioning that you still need to donate to the Protocol Guild before claiming the airdrop. The rules are expected to be the same as before, that is, you need to donate USDC, USDT or ETH worth $0.1 for each $ZRO you claim. Eligible users can claim here.
Further reading: LayerZero founder: If you are not happy with the donation, just don’t claim the airdrop, ZRO was originally given away for free
LayerZero interactions increased nearly 5 times
The news of the airdrop redistribution has significantly increased the number of interactions on the LayerZero protocol. According to data from The Block, on the day the news was announced, the number of LayerZero message transmissions surged to 98,000, an increase of nearly 5 times compared to the average daily performance of about 20,000 after TGE, indicating that this news has successfully attracted a high level of attention from users.
In addition, LayerZero’s strategy effectively rewards users who continue to interact with the protocol, helping to screen out real users and exclude “airdrop farmers”. This will not only help cultivate a more active and loyal user base, but will also promote the organic growth of its ecosystem.
However, as users begin to claim the redistributed tokens, it will be important to closely monitor whether the subsequent daily activity growth on LayerZero is sustainable. It remains to be seen whether this surge will translate into long-term adoption or a pullback after the airdrop craze.
$ZRO has increased by nearly 15% in the past 24 hours
Possibly influenced by the growth in the number of protocol interactions, the price of $ZRO has seen a bright performance in the past 24 hours. According to CoinGecko data, the price of $ZRO has risen by 14.4% to $4.85 in the past 24 hours, making it the third highest-growing coin among the top 300 coins by market capitalization. The price of the coin has rebounded by more than 86% from the bottom, and is only less than 17% away from its historical high of $5.53.
The full-chain interoperability protocol LayerZero opened airdrop applications on June 20, which officially ended on the 20th of this month after 3 months. Subsequently, the official announced on the 21st that the unclaimed $ZRO tokens would be redistributed to qualified users. This news greatly stimulated the number of interactions with the LayerZero protocol.
The basis for airdrop redistribution includes gas fees paid since TGE
According to LayerZero’s official post, eligible users are those who have claimed the airdrop and still used LayerZero at least once after the $ZRO issuance (TGE).
$ZRO will be distributed based on the original share of users at the TGE, with eligible users receiving a corresponding share of tokens. In addition, tokens that were originally allocated to wallets with no trading activity will be redistributed to active users based on the proportion of gas fees paid by these users since the TGE. Therefore, in addition to receiving their original share, eligible users will also receive additional tokens based on the gas fees they paid.
Official reminder: users must claim these additional tokens from the same chain as the initial one. Aptos users must claim them from their EVM wallets for 30 days. If any tokens are not claimed after that, they will be transferred to the LayerZero Foundation.
It is worth mentioning that you still need to donate to the Protocol Guild before claiming the airdrop. The rules are expected to be the same as before, that is, you need to donate USDC, USDT or ETH worth $0.1 for each $ZRO you claim. Eligible users can claim here.
Further reading: LayerZero founder: If you are not happy with the donation, just don’t claim the airdrop, ZRO was originally given away for free
LayerZero interactions increased nearly 5 times
The news of the airdrop redistribution has significantly increased the number of interactions on the LayerZero protocol. According to data from The Block, on the day the news was announced, the number of LayerZero message transmissions surged to 98,000, an increase of nearly 5 times compared to the average daily performance of about 20,000 after TGE, indicating that this news has successfully attracted a high level of attention from users.
In addition, LayerZero’s strategy effectively rewards users who continue to interact with the protocol, helping to screen out real users and exclude “airdrop farmers”. This will not only help cultivate a more active and loyal user base, but will also promote the organic growth of its ecosystem.
However, as users begin to claim the redistributed tokens, it will be important to closely monitor whether the subsequent daily activity growth on LayerZero is sustainable. It remains to be seen whether this surge will translate into long-term adoption or a pullback after the airdrop craze.
$ZRO has increased by nearly 15% in the past 24 hours
Possibly influenced by the growth in the number of protocol interactions, the price of $ZRO has seen a bright performance in the past 24 hours. According to CoinGecko data, the price of $ZRO has risen by 14.4% to $4.85 in the past 24 hours, making it the third highest-growing coin among the top 300 coins by market capitalization. The price of the coin has rebounded by more than 86% from the bottom, and is only less than 17% away from its historical high of $5.53.
