<\/p>\n
Leading cross-chain messaging protocol has confirmed that it will launch a token in the first half of next year.<\/p>\n
LayerZero has sent a jolt through the perennially online community of crypto enthusiasts with a post<\/a> on X.<\/p>\n \u201cWe\u2019ll state now in no uncertain terms that there will be a LayerZero token,\u201d the project said. \u201cIts distribution is something we\u2019re committed to getting right and expect it to happen within the first half of 2024.\u201d<\/p>\n LayerZero\u2019s technology underpins Stargate, which, at $607M in volume, had been the third most-used<\/a> bridge in the past 30 days. Stargate is also the most active bridge by volume when excluding solutions designed only to connect two specific blockchains, like Arbitrum and Ethereum.<\/p>\n The announcement comes as Bitcoin and Ethereum hit fresh yearly highs, and massive airdrops like JITO<\/a> and TIA<\/a> have reminded crypto enthusiasts that airdrops<\/a> can mean five-figure windfalls.<\/p>\n The DeFi community has long expected LayerZero to release a token, and airdrop hunters have been actively using the platform, hoping for an airdrop.<\/p>\n