LayerZero surged 11.5% in 24 hours to reach a six-month high of $2.19 before stabilizing around $2.11. Spot trading volume jumped 45%, while net outflows reached -$1.03 million, indicating a movement of tokens toward private wallets rather than exchanges. Protocol fees more than doubled, rising from $147,000 to $301,000 over 30 days, reflecting growing adoption. The upcoming unlock of $50 million in tokens within two weeks remains a source of concern for investors. Technically, a breakout above $2.20 could target $2.50, with support at $1.70 in case of a pullback.
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