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    LayerZero Statistics on Avalanche

    Although the team has not confirmed an official airdrop, many are speculating that there will be a potential ZRO airdrop in the near future. LayerZero's omnichain bridge — Stargate volume soared as airdrop farmers ramp up their efforts in hopes of being eligible. Airdrops have become a popular way for blockchain projects to build a loyal following and provide ROI for investors, as seen in the Arbitrum, Aptos and Blur airdrops

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    What Is LayerZero?

    • LayerZero is an open-source omnichain interoperability protocol that enables multiple blockchains to communicate cross-chain and share information seamlessly. It is an interoperability protocol that uses a novel technique to make it easier for different blockchain networks to connect with each other.

    Potential LayerZero Airdrop

    • Although the team has not confirmed an official airdrop, many are speculating that there will be a potential ZRO airdrop in the near future. LayerZero's omnichain bridge — Stargate volume soared as airdrop farmers ramp up their efforts in hopes of being eligible. Airdrops have become a popular way for blockchain projects to build a loyal following and provide ROI for investors, as seen in the Arbitrum, Aptos and Blur airdrops Link.

    Methodology

    • In my last dashboard I Analyze Layerzero protocol which has potential to give airdrop to it's community so I decided to check this protocol specifically Inflow and Outflow of this protocol To/From Avalanche network.
    • I filtered Stargate and Layerzero project to show Layerzero Statistics.

    Conclusion

    • Airdrop potential of this protocol has positive effect on Layerzero protocol because Weekly Number of Transactions, Users and Volume of this protocol increased overtime but most of transactions and users transferred from Avalanche to another Networks (Outflow) while Transferred to Avalanche has the highest Volume (Inflow).
    • AVAX and BTC.b are the most popular tokens on this protocol because these tokens have the highest number of transactions and Volume respectively.
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