Basic analysis of the Wormhole project | Leading cross-chain bridge in Web3 (01/2024 - 07/2025)
(Data updated until 07/2025 and is just basic general information about the project to facilitate basic evaluation – Not investment advice)

🔥 Overview
Wormhole (@wormhole) is the leading cross-chain protocol, enabling the transfer of assets and data between over 30 blockchains such as Ethereum, Solana, Arbitrum, and X Layer. With Native Token Transfers (NTT) and Messaging protocol, Wormhole supports DeFi, NFT, and GameFi applications to operate seamlessly across multiple networks. From 01/2024 to 07/2025, Wormhole achieved a TVL of over 2 billion USD and processed millions of cross-chain transactions, becoming a key platform in Web3. 💥

🕒 Key milestones
- Q1/2024: Launch of Wormhole Connect, integrating token transfers with just 3 lines of code.
- 04/2024: Airdrop of $W to the community, distributing 617 million tokens through Binance Launchpool.
- 05/2024: Integration with X Layer (@OKX_XLayer), supporting ZK proof and EVM compatibility.
- 07/2025: Partnership with Ripple (@Ripple), expanding XRPL multichain for RWA and institutional finance.
- 07/2025: Launch of new dev documentation, enhancing developer support.

🤝 Strategic partnerships
Wormhole collaborates with major projects and organizations:
- Ripple (@Ripple): XRPL integration, expanding RWA applications and finance.
- OKX (@OKX_XLayer): Supporting X Layer, integrating ZK proof for fast, low-cost transactions.
- Uniswap (@Uniswap): Approved by the Uniswap Bridge Assessment Committee as the safest cross-chain protocol.
- Solana (@solana), Arbitrum (@Arbitrum): Supporting native token and data transfers.
- Binance Labs, Borderless Capital: Reputable backers, raising 50 million USD for the Web3 fund. 💼

💰 Tokenomics & Current Price
- Tokenomics: $W (total supply 10 billion, circulating ~4.66 billion) used for governance, transaction fees, and staking. Airdrop of 617 million $W (6.17%) through Binance Launchpool, focusing on the community and devs. The treasury distributes 50% of fee revenue to $W holders.
- Price (07/2025): $W at 0.0792 USD, 24h trading volume ~**99.14 million USD** (CoinMarketCap). Price increased by 12.4% in 24h, but significantly decreased from the historic peak of 1.6 USD. It’s a coin that many Vietnamese are struggling with after staking and fomoing for huge airdrops. Check CoinMarketCap/CoinGecko for real-time updates! 📈

🛠️ Products & Technology
- Wormhole Messaging: Cross-chain data transfer protocol, supporting xDapps and xAssets.
- Portal Bridge: Bridging application, transferring native and wrapped tokens between 30+ chains.
- Wormhole Connect: SDK for devs, integrating cross-chain with 3 lines of code.
- Native Token Transfers (NTT): Transfer tokens without needing a liquidity pool, preserving utility.
- Guardian Network: A network of 19 reputable validators (Stakefish, Figment) ensuring transaction security. 🔧

💼 Business Model & Profit
- Business model: Wormhole earns revenue from cross-chain transaction fees (0.01-0.1% per transaction, depending on the chain). Portal Bridge and Wormhole Connect charge fees for token or data transfers. 50% of fees are distributed to the $W treasury to reward holders and devs through grants. Sigma Startup Program and Base Camp Accelerator provide funding (up to 200K USD) for projects integrating Wormhole, enhancing the ecosystem.
- Profit: Estimated revenue ~30 million USD/year from transaction fees (DappRadar, based on a TVL of 2 billion USD and 10 million transactions/month). Operating costs (~10 million USD/year, including Guardian Network maintenance and bug bounty) result in a net profit of ~20 million USD/year. The treasury accumulates 50% of revenue to buy back $W, increasing token value.

🗣️ Assessments from Renowned KOLs
- @FalaTerranova: “Wormhole’s dev docs are a secret weapon, making it easy for devs to integrate cross-chain.”
- @DefiIgnas: “Wormhole UX needs improvement, but the cross-chain potential is unmatched.”
- @ChainLinkGod: “Wormhole UX is poor, but integration with Ripple and Uniswap shows strength.”
⚠️ Some KOLs criticize the UX of Portal Bridge, but the community is optimistic with XRPL integration and growing TVL. 🌟

🛤️ Future Roadmap
- Q3-Q4 2025: Expanding integration with Solana, Polygon, and adding non-EVM chains. Launching Queries product for cross-chain data.
- 2026: Increasing decentralized governance, improving Portal Bridge UX, expanding Base Camp Accelerator.
- Long term: Leading cross-chain, targeting the 10 trillion USD Web3 market. 🚀

✅ Opportunities
- Potential cross-chain: Connecting 30+ chains, supporting DeFi, NFT, GameFi, and RWA.
- Strong ecosystem: Collaborations with @Ripple, @Uniswap, @solana enhance credibility and scale.
- Large community: 218K Discord members, 197K on X, Sigma Program attracts devs. 💸

⚠️ Challenges
- Competition: @LayerZero_Labs, @ChainlinkCCIP competing in cross-chain bridging.
- UX and security: Portal Bridge UX criticized; the 320 million USD hack (2022) remains a trust risk.
- Price volatility: $W dropped ~90% from the peak, needing UX and adoption improvements for recovery. 🛑

📝 Conclusion
Wormhole (@wormhole) is the leading cross-chain protocol, connecting over 30 blockchains with a TVL of 2 billion USD and revenue of ~30 million USD/year. Collaborations with @Ripple, @Uniswap, @solana and tools like Wormhole Connect lay the foundation for the future of Web3. Do you think $W will surpass its peak of 0.81 USD? Have you participated in the airdrop or are you waiting for a dip? Comment now to discuss! 🗣️

Sources:
- CoinMarketCap
- CoinGecko
- Wormhole
- Blogtienao
- DappRadar