Volume on StargateFinance's bridge has surged by 30% in the past 24-hours as airdrop hunters attempt to farm a rumored LayerZero_Labs airdrop. LayerZero has not confirmed whether it will issue a token. Reporting by oknightcrypto.
LayerZero is an omnichain protocol that communicates with various blockchains, it facilitates the transfer assets and arbitrary data across different blockchains. Earlier this month, the firmwith investment from Andreessen Horowitz, Samsung Next and Sequoia Capital.
This caught the attention of crypto traders as a number of high-profile airdrops in the past 12 months yielded significant returns for a minimal amount of effort. Optimism , Aptos , Arbitrum and Blur all issued lucrative airdrops that rewarded early adopters. As well as interacting with the Stargate bridge, airdrop hunters are hopping on Stargate governance proposals in hopes of receiving a larger allocation of LayerZero.
for a recent proposal on whether to make decentralized exchange Velodrome an STG hub on the Optimism blockchain.
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