Monad Launch 48 Hours Before: The "Bridge Fee" War between Wormhole (W) and LayerZero (ZRO)
Only 2 days remain until the Monad mainnet goes live on February 14. Today, there has been a crazy "pre-bridging" frenzy on-chain.
According to DefiLlama data, in the past 24 hours, the amount of funds bridged to the Monad deposit contracts (and related pre-heating pools) via Wormhole and LayerZero has exceeded $300 million.
As Monad's official preferred bridge, Wormhole saw a rise today against the trend.
As a major competitor, ZRO also recorded an increase. The market logic is very clear: regardless of the fate of the meme coins on Monad, cross-chain bridges are guaranteed to earn "toll fees".
ZRO
1.966
-6.02%
WUSDT
Perp
0.01953
+0.87%