- LayerZero is incentivizing continued engagement with its protocol by paying those who use it frequently.
- The cross-chain communications system LayerZero is seeing a rise in activity, with daily messages reaching 98,000 on Saturday.
The protocol just announced a second airdrop, which revitalized the ecosystem. This rise follows suit.
The current jump indicates a resurgence of interest in the protocol, since it is a 433% increase from the previous low of 18,400 messages. This comeback is especially significant in light of the protocol’s previous inactivity, during which daily messages had been circling about 20,000 for a few weeks.
This abrupt increase in activity seems to be related to the announcement of a second airdrop. An intriguing surprise is included in LayerZero’s strategic move:
This round’s exclusion of wallets that claimed ZRO tokens during the initial airdrop but had no further activity is meant to encourage further participation with the protocol.
By acting as a filter between legitimate users and unscrupulous “airdrop farmers,” this criterion may encourage a user base that is more engaged and active.
This tactic has consequences that go beyond increasing immediate results:
LayerZero is promoting continued engagement with its protocol by paying active users, which may result in more natural growth and development of its ecosystem.
Users may continue to engage at this high level during the 30-day claim window for the current airdrop as they try to fulfill the requirements for any future token distributions.
We will need to monitor LayerZero’s daily activities as users begin to claim their tokens. Will the LayerZero protocol be long-term adopted and used as a result of this spike in activity? Or, once the euphoria around the airdrop wanes, will we witness a decline akin to trends seen with other protocols following token distribution?
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
