The LayerZero Ecosystem has seen tremendous growth in terms of user engagement lately, and this comes as no surprise given the hype surrounding the upcoming airdrop. LayerZero Labs is a blockchain solution and omnichain interoperability protocol developed by LayerZero Labs to connect decentralized applications (dapps) on multiple blockchains. As of April, LayerZero and its applications are ranked anywhere from seventh to thirty first in terms of the amount of user engagement it receives across several platforms, including Polygon, BNB Chain, and Ethereum.

The most popular applications using LayerZero are Stargate Finance and Radiant Finance, both of which were built on this platform. Stargate Finance offers token exchanges across seven other blockchains including Ethereum, Avalanche, Polygon, BSC, Fantom, Arbitrum, and Optimism. With a current total value locked (TVL) of $427 million, Stargate Finance has grown 4% in the last week alone, according to DefiLlama data.

The buzz around the upcoming airdrop has been a significant factor in the increasing engagement of LayerZero and its applications. In the past, the ZRO token was stated in the team’s source code hosted on Github, which further fuels anticipation and excitement around the token. To date, LayerZero Labs has achieved a valuation of up to $3 billion and successfully completed three financing rounds, bringing in a total of $293.3 million.

All of these accomplishments and the promise of a new airdrop has contributed to making the LayerZero Ecosystem highly attractive and appealing to users. As LayerZero continues expanding and developing its platform and applications, it will be interesting to see how this increased activity translates into growth for the project.



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