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SKY Governance Token Holders Control $8B in Assets Nobody Talks About
Sky Protocol voters voted this week to slash the protocol's daily token buyback program by 87%. Sky lowered their buyback from $300,000 USD per day to $37,600 on March 13. The two stablecoins controlled by Sky Network Markets have accumulated over $12.4 billion USD in combined circulating supply. A March 13 vote just changed $78 million of annualized capital allocation by the approval of a couple thousand voters.
LayerZero Airdrop Retrospective Shows What Worked and What Didn't
In June 2024, LayerZero Labs completed what some consider to be one of the most contentious token airdrops in crypto history. Airdropped to approximately 1.28 million wallets, the layerzero airdrop sent 8.5% of the total 1 billion supply to recipients, launched a completely separate controversy over Sybil filtering, and unknowingly set the road ahead for future projects conducting their own token distributions.
LayerZero Market Data
The live LayerZero price today is $2.15 USD with a 24-hour trading volume of $29,785,046.61 USD. We update our ZRO to USD price in real-time. LayerZero is down 5.07% in the last 24 hours.
The current market cap is $807,702,889.34 USD, ranking #68 by market capitalization. The circulating supply is 363,765,311 ZRO.