The Wormhole Foundation plans to acquire Stargate, sounding the horn for competition in cross-chain protocols. Stargate is a cross-chain bridge built on Layerzero, while Wormhole and Layerzero are both universal cross-chain messaging protocols, naturally competing in the field of data and asset transfer across multiple blockchains. The Layerzero Foundation proposed to acquire Stargate for $110 million, replacing STG tokens with ZRO and dissolving the Stargate DAO. Layerzero values STG at $110 million (Stargate's data: the treasury has $76 million in stablecoins, over $16 million in ETH, etc., with $4 billion in bridged assets in July and a TVL of $345 million, expecting an annual revenue of $2 million); however, Wormhole believes that $110 million is an undervaluation and is attempting to acquire it at a higher price to compete for control of Stargate. This is a direct competitive move that is unlikely to succeed but will stir the waters, making it hard to say who the ultimate beneficiary will be; at least it will attract market attention. For Layerzero, Stargate is its core product, and it has accumulated certain advantages in cross-chain asset transfer and liquidity, so it will not easily let Wormhole take it. As the market warms up, the landscape of certain blockchain sectors is beginning to take shape, and this competition will become increasingly fierce in the future.