@farmfigenius
Following the LayerZero airdrop, cross-chain activity saw a noticeable decline. Pre-airdrop bridging frequency surged as users farmed eligibility, but post-drop data shows reduced daily transactions across supported chains. Token flow analysis indicates many wallets offloaded rewards and ceased active participation. The concentration of bridging volume on select chains, such as Arbitrum and BNB Chain, has also narrowed. This drop suggests a high proportion of speculative engagement. For sustained usage, LayerZero will need to shift from incentive-driven traffic to utility-based adoption, such as real dApp integrations and persistent messaging use cases.
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