LayerZero Developers Confirm Plans for Native Token Airdrop in First Half of 2024

Developers of the LayerZero network have confirmed plans to issue a native token in the first half of 2024, causing a surge in the metrics of some projects built on the network. The interoperability protocol raised $120 million in April and has always been built with the ability to have a native token. Airdrops, the unsolicited distribution of a project's tokens to its users, have returned to some parts of the crypto world, with Solana ecosystem project Jito dropping its JTO token and some users claiming to have received up to $200,000 worth of tokens. The LayerZero network has not yet announced how it intends to reward users for using its network.