LayerZero cross-chain interoperability protocol completes first airdrop snapshot

LayerZero’s ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the world’s largest perps DEX, suggesting a potential $17 billion fully diluted valuation.

LayerZero, a cross-chain interoperability protocol, is preparing to launch its long-awaited airdrop for users.

LayerZero has completed the first snapshot for its upcoming airdrop on May 2, according to an X post by LayerZero Labs that promised followers “more information coming soon.”

Airdrops are widely employed by decentralized finance (DeFi) protocols to create more traction by rewarding early users with newly issued cryptocurrencies.

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