W
Wormhole
W

Wormhole price

in USD
$0.08711
+$0.0127 (+17.06%)
USD
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Market cap
$411.77M #82
Circulating supply
4.74B / 10B
All-time high
$1.820
24h volume
$483.34M
3.9 / 5
WW
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Buy Wormhole

About Wormhole

Wormhole (W) is a cryptocurrency designed to facilitate seamless cross-chain communication and asset transfers between different blockchain networks. By leveraging advanced interoperability protocols, Wormhole enables users to move tokens and data across ecosystems like Ethereum, Solana, and Binance Smart Chain, breaking down barriers between isolated blockchains. This makes W essential for decentralized finance (DeFi), gaming, and other Web3 applications that require multi-chain functionality. Whether you're a trader seeking liquidity or a developer building cross-chain solutions, Wormhole empowers you to connect and innovate without limitations. Explore W to unlock the full potential of blockchain interoperability.
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Last audit: 9 Mar 2023, (UTC+8)

Wormhole’s price performance

Past year
-62.16%
$0.23
3 months
+12.83%
$0.08
30 days
+8.03%
$0.08
7 days
+6.24%
$0.08

Wormhole on socials

Michaël van de Poppe
Michaël van de Poppe
Today, I'll be posting: - $W - $ALGO - $LINK - $HYPE Enjoy!
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코루
코루
U.S. Department of Commerce and Peace Peace and Wormhole And Wormhole and @boundless_xyz Boundless provides NTT ZK consensus proof to Wormhole. It offers stronger security through the existing Guardian signature + Boundless ZK proof's 2of2 dual verification system. Here, the U.S. Department of Commerce (government) emphasizes that 'integrity and security' are the most important. Currently, it's just GDP data, but what if more data is provided in the future? The integrity requirements for government data may not be sufficient with just the existing Guardian signature, so [ZK verification] could be adopted as a necessary option. Especially from the perspective of institutional clients, the combination of "government data + ZK proof" may be preferred. (This is because it is the most reliable data combination.) ---- As Wormhole is selected as the official data pipeline for the U.S. government, a narrative may form that Boundless has indirectly gained government-level trustworthiness. If we think about specific revenue paths for $ZKC: - Prover network expansion: Increased demand for ZKC staking due to government data ZK proof generation - Premium services: Higher fees set for government + ZK level data options (this is purely from a monetization perspective rather than expansion) - Institutional clients: Securing financial institutions/RWA issuers with high compliance requirements This is how it can be viewed. --- Of course, currently, ZK verification is optional for NTT users, and since it is only supported on Ethereum and L2, there are limitations. Additionally, since the ZK market is just starting, there may also be competitive dynamics with existing competing ZK projects. Nevertheless, although it is indirect and still a future story... I think we can expect meaningful benefits.
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코루
코루
The $PYTH partnership with the U.S. Department of Commerce is about putting the U.S. quarterly GDP figures on-chain. PYTH (data validation and distribution) + $W (multi-chain interoperability) are responsible for this. This marks the first official adoption of blockchain data infrastructure by a U.S. federal agency and is akin to proving compliance with [government-level data integrity requirements]. --- There has been a confirmed influx of new investors with a net inflow of 15.3M pyth into new wallets over the past 24 hours (2-3 times the usual). Of course, with the surge in OI and significant leverage funds coming in, caution is advised regarding volatility. As mentioned above, since this is a 'historic moment', it seems likely that this atmosphere can be sustained. If we turn our hopes a bit further, it expands the possibility of 'new financial products with government data', which is very positive for DeFi as well. (There could be benefits like GDP-linked derivatives, macro index tokens, and automated DAO financial management.) --- The competition with $LINK and the renaissance of oracles may also come to the forefront. Chainlink has significantly expanded into traditional finance, so it doesn't seem like they will be falling behind immediately. (It's more likely to be a coexistence model rather than fierce competition.) Here, $W Wormhole could be positioned as essential middleware, and we might expect steady activation. -> Just looking at it now, there are wormhole messaging occurrences among 9 chains with each GDP/CPI update. Expanding additional datasets = linear increase in message volume = potential connection to $W value increase? Of course, this isn't an immediate story, so we shouldn't get ahead of ourselves, haha. The current rise is ultimately due to 'expectation'. ---- @Surf_Copilot Surprisingly, all this data is powered by Surf. Of course, I've mixed in my own views as well. The important thing is that the gap will likely widen between those who utilize AI in the future. Especially, a craftsman does not blame the tools? No, no, I think tools will account for over 90% now. So just make sure to try Surf without fail. Free trial codes: BQIQVQ4WK4S6 1ENZTQ6UCBPR 4GSEIOTENQVT 9CXE3VAWG0ON
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庞教主
庞教主
Let's talk about a currently severely undervalued sector—zk cross-chain. Opportunities always grow in obscure corners, and it's hard to imagine that zk cross-chain has already entered its product maturity phase, with investment opportunities starting to emerge. The biggest development bottleneck in the cross-chain sector has always been security, with major failures happening frequently. Previously, the industry's basic consensus was that only when zk cross-chain technology is implemented will we truly enter the era of full-chain interoperability. You might not have heard much about Union, but users in the yield farming circle should know it, as it recently released its tokenomics. It's a star project in zk cross-chain, having raised $16 million. If you want to invest in zk cross-chain, you can't overlook this project. Union's zk cross-chain replaces the "trust issue" of cross-chain with a "proof issue." No multi-signatures, no oracles, no MPC—only zero-knowledge proofs, relying entirely on mathematics. I won't delve too much into the technical aspects, but in short, the fundamental valuation of the cross-chain sector will be redefined with the implementation of zk cross-chain. No relays. No bridges. Pure ZK magic. Let's get straight to the opportunities with Union. Union announced its U tokenomics, with an initial total issuance of 10 billion tokens, of which the initial circulating supply is 1,919,050,000 tokens (accounting for 19.19% of the total supply before inflation). A key point is that nearly 60% of the token supply is allocated to users, builders, governance, and network growth; core contributors and investors have a 12-month lock-up period, during which they cannot claim staking rewards; 8% is reserved for future airdrops; the inflation rate decreases from 6% to 2%. In the short term, this inflation rate is relatively low and doesn't need much attention. In this round of tokenomics, projects have generally been more honest. Governance tokens are not recognized by everyone, and Union's U token serves as the native gas for payments. ZKP/LC/routing all rely on the U token, along with staking and profit-sharing; the token's utility cannot be manipulated, as it is the electricity cost for the entire Union network. For the valuation of Union's U token, you can refer to the FDV of LayerZero, Wormhole, and Axelar. LayerZero's ZRO - $2.12 billion Wormhole's W - $910 million Axelar's AXL - $296 million Currently, the development stage of zk cross-chain cannot be equated with the scale of LayerZero; the market's cross-chain liquidity still relies on LayerZero. Therefore, taking the average of Wormhole and Axelar gives a slightly conservative perspective, suggesting that Union's U token valuation can be initially set around $600 million, with a price of $0.06 per U token. A price of $0.06 per U token is likely still undervalued in the long run, as zk cross-chain brings an upgrade to the fundamentals of the entire cross-chain sector, especially with the integration of chain abstraction. In the future, managing assets across any chain with ease will revolutionize wallets, DeFi, and other businesses. Not just Union, but the cross-chain sector represented by zk has many projects gradually landing. The explosive potential of this sector can be compared to that of DOT and Cosmos back in the day; they just failed. This time, the era of zk cross-chain interoperability has arrived.
Union
Union
Introducing U: the token of the Union network. Learn all about U Tokenomics and U-tility, from @UnionFDN 🧵↓
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Wormhole FAQ

Wormhole is an advanced protocol that serves as a bridge between different blockchains. It allows for the transfer of data and assets, enhancing interoperability and enabling diverse blockchain networks to interact seamlessly. Wormhole supports the vision of a connected Web3 environment by simplifying communication between blockchains.
Yes, Wormhole is designed for cross-chain transactions, enabling the transfer of assets and information across different blockchain networks. This infrastructure supports secure and efficient data movement, facilitating seamless interactions within the Web3 ecosystem.
In blockchain technology, alternatives to Wormhole for cross-chain interoperability include Axelar and LayerZero, offering innovative communication solutions.
Currently, one Wormhole is worth $0.08711. For answers and insight into Wormhole's price action, you're in the right place. Explore the latest Wormhole charts and trade responsibly with OKX.
Cryptocurrencies, such as Wormhole, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Wormhole have been created as well.
Check out our Wormhole price prediction page to forecast future prices and determine your price targets.

Dive deeper into Wormhole

Wormhole serves as an interoperability platform within the Web3 ecosystem, designed to connect disparate blockchain networks. It emerged as a response to the growing demand for a foundational messaging protocol that prioritizes security, decentralization, and minimal trust requirements. Initially forging a link between Ethereum and Solana, the platform aimed to bridge the gap between different blockchain environments, promoting a more cohesive Web3 internet.

The platform has matured into an extensive network that enhances interoperability across blockchain systems, facilitating the growth and scalability of applications. Wormhole has been instrumental in supporting the seamless exchange of data, contributing to the infrastructure that underpins the open and secure internet envisioned by Web3 initiatives. It is now the leading interoperability platform, used by developers of over 200 applications (e.g. Uniswap, Circle, Lido) and facilitating data movement across more than 30 blockchains.

Wormhole Price and Tokenomics

The introduction of Wormhole's native token, W, is central to the ecosystem’s function, driving governance, encouraging participation, and securing the platform’s future. The tokenomics of W have been strategically devised to cater to both immediate network requirements and the long-term expansion of the platform.

W's total supply caps at 10 billion tokens, with an initial 1.8 billion circulating in the market. Compliant with the ERC20 and SPL standards, W tokens are crafted for interoperability, utilizing Wormhole’s Native Token Transfer standard to ensure smooth cross-chain transactions. To reinforce the network's stability and encourage long-term commitment, 82% of W tokens are initially locked, set to gradually become available over a four-year period. The tokens are thoughtfully allocated to support different facets of the ecosystem:

  • Guardian Nodes: 5.1%, integral for the network’s security, participating in message verification.
  • Community & Launch: 17%, devoted to engaging and rewarding the community, including through airdrops.
  • Core Contributors: 12%, allocated to the teams focused on security, engineering, and product development.
  • Ecosystem & Incubation: 31%, aimed at supporting strategic growth and contributions to the broader Wormhole ecosystem.
  • Strategic Network Participants: 11.6%, reserved for participants with a long-term vested interest in the network.
  • Foundation Treasury: 23.3%, designated for future research, community grants, and operational costs, managed by the Wormhole Foundation.

Each category is a testament to Wormhole's commitment to creating a balanced and comprehensive approach to its tokenomics, promoting a wide distribution that aligns with its vision for an interconnected Web3 infrastructure.

About the founder and stakeholders

Wormhole's inception and growth can be attributed to a collective of decentralized teams, each with expertise in various domains crucial to the platform’s success. The principal contributors to Wormhole include the Wormhole Foundation, Wormhole Labs, and xLabs. Additional specialized teams, such as Wormhole China and Superteam, as well as ZK engineering specialists like Lurk, also play pivotal roles.

Supporting Wormhole's ecosystem is a diverse network of stakeholders, comprising Guardian Nodes, core contributors, and strategic network participants, among others. These entities collaborate to maintain and steer Wormhole's services, highlighting the platform's collective strategy for enabling cross-chain communication.

Wormhole Governance & DAO

Wormhole is transitioning towards a token-based governance model to empower W token holders with decision-making authority, focusing on community and treasury management post-token distribution. This move aims to harness the Wormhole community's collective potential, enabling them to navigate the multichain ecosystem's challenges and opportunities effectively.

The governance structure is set to evolve, granting the DAO more control over operational decisions, including blockchain connections, smart contract upgrades, and fee adjustments. A collaborative effort between Wormhole Core Contributors and the community will outline a transparent and inclusive roadmap towards full decentralization, ensuring alignment with community interests.

Wormhole Highlights

  • Widespread Adoption: Utilized by developers of over 200 applications, such as notable DApps like uniswap, circle, lido, synthetix.
  • Extensive Reach: Facilitates the transfer of various data types across more than 30 blockchains.
  • Impressive Volume: Has processed over 1 billion multichain messages, reflecting the platform's high utility and trust within the blockchain community.
  • Uniswap Foundation Endorsement: In 2023, received the distinction of being the only unconditionally approved cross-chain protocol by the Uniswap Foundation’s Bridge Assessment Committee.

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Market cap
$411.77M #82
Circulating supply
4.74B / 10B
All-time high
$1.820
24h volume
$483.34M
3.9 / 5
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