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LayerZero Sees Surge in User Activity After Announcing Second Airdrop Program, Average Daily Message Volume Up 433% from Low Point

LayerZero Sees Surge in User Activity After Announcing Second Airdrop Program, Average Daily Message Volume Up 433% from Low Point

Bitget2024/09/26 07:38
ZRO-2.79%

on Sept. 26,Cross-chain communication protocol LayerZero has seen a resurgence in on-chain activity following the announcement of its second airdrop program, with average daily message volume rising to 98,000 on Saturday, up 433 percent from this low point (18,400), indicating renewed user interest in the protocol. Recent activity on the protocol has been subdued, with average daily messages hovering around 20,000 for several weeks. The announcement of the second airdrop appears to have been the catalyst for the surge in activity. 
It should be noted that wallets that claimed ZRO tokens in the first airdrop but did not show subsequent activity were excluded from this round, thus incentivizing users to continue participating in the protocol. This criterion is a clever mechanism to differentiate between genuine users and speculative “airdrop farmers,” potentially fostering a more active and loyal user base. (The Block)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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