In the cross-chain protocol space, competition is heating up. According to the latest news, Wormhole Foundation plans to make an acquisition offer for StarGate (STG), with a bid that will far exceed LayerZero's previous offer of 110 million dollars.

Wormhole Foundation believes that LayerZero's valuation is too low, so they hope to win StarGate's favor with a more competitive proposal. To refine their proposal, Wormhole has requested to postpone the Snapshot vote by 5 days so that they can develop a more complete and competitive acquisition plan.

This move will undoubtedly bring more possibilities for the future development of StarGate, while also reflecting the fierce competition in the cross-chain protocol market. With the continuous development of blockchain technology, cross-chain interoperability is becoming increasingly important, which has also made projects like StarGate attract much attention.

Industry insiders generally believe that this acquisition battle not only concerns the future of StarGate, but also represents an important game in the cross-chain protocol industry landscape. Regardless of the final outcome, this competition will drive the entire industry forward, bringing users a better cross-chain experience.

As the situation develops further, we will continue to monitor the movements of Wormhole, LayerZero, and StarGate, as well as the profound impact this acquisition may have on the entire cryptocurrency and blockchain ecosystem.