LayerZero has been making strides in the
crypto market, despite facing significant controversy. The ZRO token has seen its price fluctuate, with an outstanding rise of 52% in 7 days and then a drop of 17% amid concerns over the company's approach to airdrops. Nevertheless, it managed to bounce back as the overall market retraced. The integration of
75 other blockchains including Flare and Solana through LayerZero V2 has positioned LayerZero at the forefront of
blockchain interoperability. Fueled by this development,
Flare Network opened up to 50,000 DApps. Furthermore, LayerZero's controversial 'pay-to-claim' airdrop policy, demanding users to pay
10 cents per ZRO to claim the airdrop, resulted in mixed reactions with critics arguing it has gone too far. The airdrop chaos also resulted in record-high Arbitrum gas fee. Despite these controversies, multiple major exchanges including
Binance,
OKX, and
Bitfinex have listed the ZRO token, amplifying its reach and potential for growth. Whether the price of ZRO will hit $5 remains a speculation. Nevertheless, LayerZero's attempts are pushing the boundaries in
blockchain technology with innovative anti-Sybil measures and remarkably complex airdrop, attracting high volumes of trading.
LayerZero News Analytics from Thu, 22 Feb 2024 08:00:00 GMT to Sat, 06 Jul 2024 06:06:28 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 2
