LayerZero, an interoperability protocol, has confirmed plans for an airdrop, causing an immediate uptick in the metrics of some projects built on the network. This network uses a novel technique to make it easier for different blockchain networks to connect, and the airdrop has generated significant interest within the crypto community. LayerZero Labs, the developer of LayerZero, raised $120 million at a $3 billion valuation in April. The airdrop refers to the distribution of a project's tokens to its users, usually in return for tasks or liquidity. This strategy has often been financially rewarding, as seen in a recent Solana ecosystem project, Jito, which dropped its JTO token, leading to substantial gains for some users. The announcement of LayerZero's airdrop led to price surges and increased locked value in tokens of Stargate and Radiant Capital, two projects that use LayerZero. However, LayerZero has not yet detailed how it intends to reward users for using its network.
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