LayerZero Crosses This Significant Milestone, But Is An Airdrop Coming?

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Cross-Chain communication protocol platform LayerZero has crossed 50 million cross-chain messages, as revealed by the platform on Tuesday, July 25. This important milestone proves the large buying and selling exercise and cross-chain token swaps that occur throughout a number of chains day by day.

LayerZero’s Spectacular Development

The ‘50-million cross-chain messages’ is undoubtedly a testomony to how a lot LayerZero has achieved within the area. As a result of mission’s disruptive imaginative and prescient, it has obtained monumental backing from a few of the ecosystem’s largest Enterprise Capitalists (VC).

Three months in the past, LayerZero raised $120 million from outstanding backers like public sale firm Christie’s, famend VC companies Sequoia Capital and Andreessen Horowitz, Capital market firm Samsung Subsequent, OpenSea Ventures, and Circle Ventures. What’s extra spectacular is that LayerZero was valued at $3 billion throughout this Collection B funding spherical, virtually thrice its $135 million valuation in the course of the funding spherical held again in 2022.

This exceptional feat has additionally come in the course of the lingering crypto bear market when many have felt that the outlook within the business might be unfavourable. That’s the reason it’s straightforward to share the feelings of the CEO of LayerZero Labs when he said:

LayerZero is to blockchains what the web was to computing clusters. LayerZero permits chains not solely to construct bridges (to switch belongings/worth between them) however ship and execute arbitrary knowledge identical to a packet on the web. What this implies is which you could now construct functions which might be orders of magnitude extra advanced than current functions and accomplish that with a totally seamless expertise between chains.

Blockchain interoperability stays the foremost concern within the Web3 area. Moreover, this has vastly hindered some from venturing into the area, and it’s well-known that if crypto is to get pleasure from mainstream adoption, this concern must be handled. That’s the reason interoperability protocols like LayerZero are key within the blockchain ecosystem.

It’s common data that the interoperability concern stems from how blockchains have totally different protocols and requirements that make them incompatible. Nevertheless, platforms like LayerZero bridge this hole by facilitating seamless and direct communication between totally different blockchain networks, making it straightforward for customers on networks like Ethereum, Aptos, Solana, and SUI to maneuver their digital belongings throughout these chains.

“Wen Airdrop?”

The query of if LayerZero will perform an airdrop has been on the lips of many members of the LayerZero neighborhood. Though the group has been tight-lipped over whether or not or not there’ll certainly be an airdrop to customers, the indicators have gotten extra evident that one might, actually, be on the horizon.

With a lot success within the final yr and a lot cash raised, it’s potential that LayerZero is already engaged on its native token. If the platform was seeking to reward the customers who’ve supported all of it this time, then an airdrop can be the most certainly avenue to take action. Nevertheless, with no speak of even a token launch, it’s arduous to find out if LayerZero will conduct an airdrop.