{"id":294328,"date":"2024-05-02T19:43:34","date_gmt":"2024-05-02T14:13:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=294328"},"modified":"2024-05-02T19:47:26","modified_gmt":"2024-05-02T14:17:26","slug":"layerzero-labs-sets-stage-for-airdrop-with-snapshot-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/layerzero-labs-sets-stage-for-airdrop-with-snapshot-crypto-news\/","title":{"rendered":"LayerZero Labs Sets Stage for Airdrop With Snapshot – Crypto News"},"content":{"rendered":"
\n

LayerZero Labs, a cross-chain interoperability protocol, has completed the first snapshot ahead of its much-anticipated airdrop.<\/p>\n

The snapshot was taken at 11:59:59 PM UTC on May 1, 2024, according to an announcement<\/a> on X. LayerZero did not share what criteria will determine eligibility for its upcoming airdrop, or any specific details about the airdrop.<\/p>\n

However, the project did state note this was snapshot “#1,” hinting that additional snapshots to determine eligibility may be taken in the future. <\/p>\n

\u201cMore information coming soon,\u201d the LayerZero\u00a0teased.<\/p>\n

Airdrop hunters have long speculated that LayerZero may drop a token to users in the future.<\/p>\n

Airdrops serve as a means for web3 projects to distribute governance tokens to early users.\u00a0This\u00a0incentivizes adoption, with many users hoping to score free tokens flocking to early-stage projects. Recipients must meet specific criteria set by the project to be eligible for the airdrop.<\/p>\n

Following Aribtrum\u2019s high-profile airdrop in March 2023, LayerZero\u2019s cumulative transaction volume\u00a0tripled<\/a>\u00a0over\u00a0the course of a single\u00a0month, with nearly 5 million transactions executed via LayerZero in roughly 30 days.<\/p>\n

In December 2023, LayerZero finally put the rampant speculation to bed by confirming that distributing a token to users was included\u00a0as part of\u00a0its roadmap.<\/p>\n

\u201cWe\u2019ll state now in no uncertain terms that there will be a LayerZero token,\u201d LayerZero Labs\u00a0tweeted<\/a>\u00a0on Dec. 8, 2023. \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 adoption surges<\/h2>\n

In the first quarter of 2024, LayerZero protocol hosted more than $6.7 billion worth of cross-chain asset transfers, marking a 91% increase from the quarter before, data from\u00a0Messari<\/a>\u00a0shows.<\/p>\n

Message traffic surged, with 29.6 million messages sent via LayerZero for a 60% quarterly increase. This period also saw a 93% rise in\u00a0smart\u00a0contract deployments on LayerZero, indicating growing developer adoption of the protocol.<\/p>\n

In April 2023, LayerZero\u00a0raised\u00a0<\/a>$120 million in a Series B funding round at a valuation of $3 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

LayerZero Labs, a cross-chain interoperability protocol, has completed the first snapshot ahead of its much-anticipated airdrop. The snapshot was taken at 11:59:59 PM UTC on May 1, 2024, according to an announcement on X. LayerZero did not share what criteria will determine eligibility for its upcoming airdrop, or any specific details about the airdrop. However, […]<\/p>\n","protected":false},"author":2,"featured_media":294340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-294328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=294328"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294328\/revisions"}],"predecessor-version":[{"id":294343,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/294328\/revisions\/294343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/294340"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=294328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=294328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=294328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}