LayerZero is making waves in the blockchain space, despite recent slowdowns in farming activities. With a Fully Diluted Valuation (FDV) of under $3 billion, LayerZero $ZRO boasts over 10 times the daily cross-chain message traffic compared to its closest competitors, Wormhole and Axelar Network. This significant discrepancy in traction versus valuation highlights LayerZero’s potential, especially as it trades within a similar range as its peers. despite all the heat @LayerZero_Labs gets from the airdrop fiasco + “proof of donation” drama – i am still fairly convinced that $ZRO at the current level of <3bn FDV is a clear bid a)
The post LayerZero Sees Unmatched Traction, $ZRO Whale Accumulation Raises Eyebrows appeared first on The Merkle News.