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W Price
$0.55457
-3.63%
Market Cap
$998.23M
24H Volume
$110.14M
Circ Supply
1.8B

W Market Stats

  • Price $0.55457
  • 1H Change -0.21%
  • 24H Change -3.63%
  • 7 Day Change +3.12%
  • 30 Day Change +1.87%
  • All-Time High $1.61238
  • % From ATH -65.6%
  • ATH Date Apr 3, 2024

Wormhole Info

Wormhole is a revolutionary blockchain-based platform that serves as a bridge connecting various blockchain networks to facilitate the seamless transfer of digital assets. Launched in October 2020, Wormhole has evolved from a cross-chain bridge to a universal messaging protocol, surviving challenges like a $326 million hacker attack in February 2022 and completing a $225 million financing in November 2023.

Features of Wormhole

  • Interoperability: Wormhole enables the movement of tokens between blockchains without relying on centralized exchanges, enhancing blockchain interoperability.
  • Supported Blockchains: Wormhole supports a wide range of popular blockchains like Solana, Ethereum, Binance Smart Chain, and more, enabling users to transfer assets across different networks.
  • Security: Secured by guardian nodes, Wormhole ensures the safe transfer of assets by verifying and locking native tokens before minting wrapped assets on the target chain.
  • NFT Support: Wormhole allows the tokenization of various assets, including non-fungible tokens (NFTs) and traditional real-world assets like stocks and commodities.

Wormhole Web Wallet

The Wormhole Web Wallet provides users with an intuitive interface to interact with the platform, facilitating cross-chain transfers through the Wormhole Bridge. Users can seamlessly move their assets across different blockchains, enhancing accessibility and usability within the ecosystem.

Token Economics and Airdrop Rules

Wormhole’s native token W has a total supply of 10 billion tokens, with approximately 6.17% allocated for airdrops. The platform’s tokenomics include guardian nodes receiving 5.1% of the tokens, and the remaining supply being gradually unlocked over four years.

Wormhole in the Media

Despite facing challenges like the 2022 hacker attack, Wormhole has garnered significant attention and financing, positioning itself as a key player in the blockchain industry. With a valuation of $2.5 billion and a strong market presence, Wormhole continues to evolve and contribute to the growth of DeFi applications and NFT markets.

Wormhole Technical Info

Wormhole News

All images, branding and wording is copyright of Wormhole. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.