The current status of the three blockchain abstraction giants: Axelar, Wormhole, and LayerZero
“Interoperability is the future” — Vitalik Buterin.
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LayerZero Coin Distribution Countdown
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The first phase of LayerZero's airdrop snapshot has concluded, setting the stage for the unveiling of distribution details and the estimated price of $ZRO. LayerZero, a comprehensive interoperability protocol valued at over $3 billion, has garnered investments from esteemed institutions like a16z and Sequoia Capital. The announcement of the airdrop in early December last year sparked community anticipation regarding the completion of the snapshot and the anticipated token price.
LayerZero's official account tweeted this morning at 8:00 AM, confirming the completion of the first phase snapshot at 7:59:59 AM Taiwan time on May 2nd. This indicates that LayerZero may soon initiate the airdrop and issue the $ZRO token, with the platform boasting over 4.8 million users.
LayerZero has surpassed 4.8 million users
Data compiled by @springzhang on the Dune dashboard reveals compelling statistics on LayerZero participation across various platforms:
- Users participating in cross-chain activities: 48.2 million
- Cross-chain transaction count: 107 million
- Cross-chain funds: $36.5 billion
However, not all 48.2 million users may be eligible for the airdrop, as LayerZero's CEO, Bryan Pellegrino, has hinted at potential airdrop criteria and measures against Sybil attacks. Pellegrino discussed standards for evaluating genuinely active wallets, suggesting that only wallets with monthly transaction volumes exceeding a certain threshold might qualify for the airdrop.
Furthermore, to mitigate Sybil attacks, addresses with extremely low cross-chain transaction volumes have been flagged by the official team to safeguard the interests of genuine users. Eligibility for the airdrop may also require participation in specific ecosystems, with speculation suggesting interaction with Aptos' official cross-chain bridge as a potential criterion.
Ultimately, the specific eligibility criteria for the airdrop await clarification from the official team, as the community eagerly anticipates further details on LayerZero's token distribution.
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