PANews August 21 news, according to the announcement by the Wormhole Foundation, LayerZero proposed to acquire Stargate (STG) for approximately $110 million ZRO, but Wormhole believes this offer undervalues the assets and growth of the Stargate protocol. The bridging volume of Stargate reached $4 billion in July, a 10-fold year-on-year increase, with a TVL of $345 million and an expected annual revenue of $2 million. Wormhole plans to submit a higher offer and requests to suspend the current Snapshot vote for 5 working days to refine the bidding process and protect the interests of STG holders.