Stargate Attracts Second Acquisition Bid as Wormhole Outbids LayerZero’s $110 Million Offer

Bidding war erupts for cross-chain protocol Stargate as Wormhole throws its hat in the ring with an offer exceeding LayerZero's initial $110 million proposal.

The Acquisition Battle Heats Up

Two major players now vie for control of the bridging protocol, pushing the valuation well beyond the nine-figure threshold. Wormhole's counter-bid signals aggressive expansion plans in the interoperability space.

Market Implications

The bidding competition demonstrates how heavily established projects value ready-made cross-chain infrastructure—apparently it's cheaper to buy than build, even at $110 million-plus. Because why innovate when you can just acquire?

Final negotiations will reveal whether Stargate's technology justifies the premium price tag or if this is just another case of crypto giants playing monopoly with investor money.