$W According to Binance's official announcement, the token will be marked with a Seed Tag, indicating that, despite the project's promises of innovation and growth potential, Wormhole brings with it a higher-than-normal degree of volatility.

The Seed Tag, it is worth remembering, is a marking that Binance uses to highlight projects that may present greater volatility and risks. To trade tagged tokens, users must complete specific quizzes every 90 days and agree to the Terms of Use, ensuring they are fully aware of the risks involved.

In short, Wormhole is a communication bridge between Solana and other decentralized networks (DeFi). Existing projects, platforms, and communities are able to move tokenized assets seamlessly between blockchains and benefit from Solana's high speed and low cost.

Wormhole later evolved, with Wormhole V2, to take a more general approach, becoming an interoperability layer on which decentralized networks and applications could easily be built.

Therefore, Wormhole is a general messaging protocol, allowing different blockchains to communicate with each other. The technology can be used for a variety of use cases, including transferring tokens between networks, enabling cross-blockchain governance for protocols that operate across multiple networks, as well as transferring NFTs between blockchains.

Launched in 2021, the protocol debuted as a token bridge, allowing the transfer of tokens between blockchains, mainly between Solana and Ethereum.

In addition to Binance, several exchanges have announced that they plan to list the token, including Kraken, Bitget, OKX, Backpack and Gate.io.