The cross-chain messaging landscape is heating up as the Wormhole Foundation has challenged LayerZero’s bid to acquire Stargate. This challenge brings a potential bidding war, with both companies vying for control of this prominent protocol in the DeFi space. 💰 While LayerZero offered $110 million, the Wormhole Foundation argues that Stargate’s current metrics – including $4 billion in July bridge volume and $345 million in TVL – demonstrate its true value exceeding the initial bid. This challenge raises the question: Is this a strategic move to stall the deal or a genuine attempt to secure a higher offer? 🤔 The fate of Stargate, and potentially a significant shift in cross-chain dominance, hangs in the balance.