LayerZero and Wormhole Foundation have engaged in a bidding war to acquire Stargate Finance, a leading fungible token bridge in the blockchain interoperability sector. LayerZero initially proposed a $110 million token-swap offer to acquire Stargate, which includes a $92 million treasury, $4 billion in July bridge volume, and $345 million total value locked (TVL). Wormhole Foundation countered with a higher bid of $120 million USDC, arguing that LayerZero's offer undervalues Stargate's assets and operational scale. Wormhole also requested a five-day pause on the governance vote to finalize its counteroffer. Despite Wormhole's challenge, the Stargate DAO approved LayerZero's acquisition proposal with 94.76% of the vote. LayerZero emphasized its four years of development in building cross-chain value transfer infrastructure and positioned Stargate as the interface for value transfer, signaling a consolidation in the cross-chain finance space. The competition highlights the growing importance and valuation of interoperability protocols within the crypto ecosystem.