🔍 Quick Introduction
$W is the native token of Wormhole, a cross-chain messaging protocol that enables the transfer of data, assets, and state information between over 30 blockchains such as Ethereum, Solana, Cosmos, Sui, Aptos, Arbitrum, Base…
Wormhole is not just a bridge – it is the omnichain infrastructure used by many projects like Uniswap, Pyth, Circle USDC…
🚀 Why are $W and Wormhole noteworthy?
Integrated by many leading projects
– Circle chose Wormhole as the main partner to transfer native USDC cross-chain
– Pyth has previously transmitted price data through Wormhole
– Wormhole SDK is being integrated by many apps for multi-chain interaction
Supports over 30 blockchains – both EVM and non-EVM
– Ethereum, Solana, Base, Arbitrum, Sui, Aptos, Sei, Cosmos, BNB Chain…
– Scalability and extensive connectivity → becoming the “default bridge” of the Web3 world
Token $W plays a significant role in the future
– Governance of Wormhole DAO
– Used for staking and controlling guardian nodes (in development)
– Can be used for fee payments or rewards for services in Wormhole SDK
Strong team, massive investment ecosystem
– Jump Crypto is the main investor
– Raised $225M, valued at $2.5B (2024)
– Successful airdrop & token launch → listed on Binance, OKX, Bybit…
📊 Basic Information (7/2025):
– Price: ~$0.088
– Marketcap: ~$452M
– FDV: ~$4.5B
– Circulating supply: ~5.1B / 10B
– TVL (bridge): ~$350M
– Main chain: Solana
– Token just launched Q2/2024
⚠️ Risks / Notes:
The bridge sector has been hacked many times
– Users are always concerned about security in cross-chain
– Wormhole was hacked for $325M (2022) but was compensated and upgraded security by Jump
Token does not have clear short-term utility
– Currently mainly for governance
– Features like staking nodes & SDK rewards are not yet open
Competition from LayerZero, Axelar, CCIP
Direct competition in the messaging/cross-chain infrastructure space
💡 Summary:
Wormhole is becoming the backbone of the multi-chain Web3 world, connecting dozens of chains smoothly.
Despite facing competition and security risks, $W has the potential to become one of the most important infrastructure tokens, if Web3 truly heads towards the “omnichain” direction.
Have you ever used the Wormhole bridge? Do you trust Wormhole or LayerZero more?