Odaily Planet Daily News Hitesh Malviya (@hmalviya9), founder of the crypto analysis platform DYOR, posted on X that based on the on-chain usage data analysis, the fair FDV of LayerZero (ZRO) is expected to be 5.3 billion-9.7 billion US dollars: "First, we need to choose Axelar Network to make a relative valuation of ZRO. Both are building infrastructure for cross-chain communication. Axelar is more like a B2C platform. It is both a communication platform and an asset transfer infrastructure, making money by charging AXL directly to users. This provides AXL with strong value capture. LayerZero, on the other hand, is more like B2B2C. While managing communications, asset transfers are usually handled by independent bridges like Stargate. In this case, it is unclear how LayerZero will generate revenue. My best guess is that it may involve some models around OFT and protocols built on LayerZero. ZRO may be used as a payment token by protocols built on LayerZero. LayerZero also has a platform called Relayers. ’s validator network, so if they plan to decentralize further, they may launch staking services. Currently, GMP is the key metric for Axelar, which includes messages and asset transfers. They have processed about 4,000 GMP per day in the past 30 days, a total of about 120,000 GMP, and their FDV is $885 million. Messages are also a key metric for LayerZero. They process 44,000 messages per day, which is 11 times the traffic of Axelar. Their FDV is probably in the same range, 6-11 times higher than Axelar’s ​​FDV. So the number is expected to be around $5.3 billion to $9.7 billion.”

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