Wormhole
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Upcoming Unlock
W Metrics
Spot Volume (24H)
$11.86M+46.52%
Marketcap
$73.86M
FDV
$110M
Mindshare
Low
Metrics (24H)
6 Notable Posts
Circ. Supply
6.7B
Sentiment
24H
7D
Max Supply
10.0B
Mcap/FDV
67.26%
Total Supply
10.0B
Sector Ranking
#79
Futures Volume
$86.54M
Open Interest
$14.41M
Volatility (30D)
147.24%
About & Links
About & Links
Wormhole is a decentralized interoperability protocol that enables the transfer of assets and information across multiple blockchains. The project’s primary goal is to provide a secure, chain-agnostic platform for cross-chain communication and value transfer.
Sector Rank
#79
Sub-Sector Rank
#6
Contracts
API ID
W Performance
All Time High
$1.55-99.28%
Apr 03, 2024
Cycle Low
$0.00791+41.31%
Jul 31, 2026
Trending
W Metrics
Spot Volume (24H)
$11.86M+46.52%
Marketcap
$73.86M
Mindshare
Low
Sentiment Chg
24H
7D
Last Updated: Oct-29-2026 10:46 UTC
Wormhole Project Update
Currently Interesting
There are no significant Wormhole-specific developments from the past 7 days to report.
Get Caught Up
There are no Wormhole-specific developments from the past 30 days to report.
Biggest Stories of 2025
Wormhole published its 2025 Annual Recap, reporting that the protocol processed $17 billion in volume during the year, a 30% increase over the prior year's $13 billion, while its institutional multi-chain AMM reached an all-time high of $3 billion. The recap also highlighted partnerships with Ripple and Polygon and an evolving relationship with the M0 team. (December 24, 2025)
Wormhole's NTT (Native Token Transfers) integration went live on Algorand, expanding multichain interoperability for the Algorand ecosystem as part of a year that saw increased real-world utility and global adoption. (December 19, 2025) 2
MON, the native token of the Layer 1 blockchain Monad, became multichain on Solana using Wormhole's NTT standard, allowing MON to expand beyond Monad without liquidity fragmentation while preserving its metadata and customizability. (November 24, 2025) 3
Wormhole launched a framework to bring multichain assets to the Base ecosystem via Aerodrome, starting with HYPE, the native token of HyperEVM, which carries a $13 billion market capitalization. Users bridging HYPE can earn XP through Portal Earn and participate in an Aerodrome incentive program directing AERO emissions to the HYPE/WETH pool. (November 3, 2025) 4
Wormhole announced Portal Swap, the next iteration of its Portal interface, enabling users to execute both cross-chain and same-chain swaps in addition to cross-chain transfers within a single interface, powered by Mayan's liquidity routing and swap infrastructure. (October 15, 2025) 5
Wormhole introduced the W 2.0 tokenomics upgrade, which created the Wormhole Reserve to hold long-term value by locking protocol revenues into the W token, introduced a 4% targeted base yield for active governance participants, and shifted token releases from annual cliffs to bi-weekly unlocks beginning October 3, 2025. Total supply remains capped at 10 billion with no inflation introduced. (September 17, 2025) 67
Wormhole Foundation co-founder Robinson Burkey shared that Portal would be expanded from a simple bridging interface into an "everything app," acknowledging a broader shift among infrastructure protocol teams building core applications in-house to support their underlying protocols. (August 14, 2025) 8
Wormhole's Mezo integration went live, with Mezo's MUSD stablecoin powered by Wormhole's NTT standard, enabling multichain utility of Bitcoin-backed assets. (August 4, 2025) 9
Wormhole introduced the NTT Launchpad, a tool enabling multichain token deployment without requiring users to write code. Built on the NTT framework previously used by Lido, Sky, and M0, it allows users to create new tokens or extend existing ERC-20 tokens across EVM-compatible chains, with a dashboard for real-time cross-chain monitoring, configurable rate limits, emergency pause functions, and access control. (May 8, 2025) 10
Wormhole announced that Mercado Bitcoin, a Brazilian crypto exchange, selected Wormhole as its exclusive interoperability provider to connect its suite of tokenized products, including private credit offerings, to supported blockchains. The Wormhole Foundation also intended to make a strategic investment into one of MB's tokenized offerings. (April 30, 2025) 11
Centrifuge partnered with Wormhole to launch Centrifuge V3, a multichain asset tokenization platform, in collaboration with Anemoy, beginning with the $230 million Janus Henderson Treasury Fund. The platform introduced full chain abstraction and a unified interface for fund management, simplifying institutional entry into tokenized assets. (April 9, 2025) 12
Wormhole marked the one-year anniversary of the W token launch, noting the protocol had processed over $59 billion in asset transfer volume and secured major institutional integrations with BlackRock, Apollo, and Securitize. The protocol outlined goals to 10x transfer volume over the next one to two years through platform monetization, product improvements to Portal and NTT, and Era4 roadmap features like MultiGov. (April 3, 2025) 13
Wormhole announced it would support Mezo, a Bitcoin economic layer developed by Thesis, as its "official interoperability provider." (March 31, 2025) 14
Wormhole introduced Wormhole Settlement, a suite of intents-based protocols built on Solana in collaboration with Mayan, designed to let developers integrate cross-chain functionality more easily. The architecture comprises three protocols—Mayan Swift, the Wormhole Liquidity Layer, and the Mayan-Circle Transfer Protocol (MCTP)—and initially supports Ethereum, Optimism, Arbitrum, Base, Avalanche, Unichain, Polygon, Solana, and Sui. (February 26, 2025) 15
Securitize announced the live deployment of Wormhole as its primary interoperability solution, enabling seamless transfer of tokenized funds across multiple blockchain networks. The partnership enhances liquidity and accessibility for clients including BlackRock, Hamilton Lane, and KKR, and builds on Wormhole's record of facilitating over $55 billion in cross-chain volume since 2020. (January 30, 2025) 16
About & Links
About & Links
Wormhole is a decentralized interoperability protocol that enables the transfer of assets and information across multiple blockchains. The project’s primary goal is to provide a secure, chain-agnostic platform for cross-chain communication and value transfer.
Sector Rank
#79
Sub-Sector Rank
#6
Contracts
API ID
Access funding rounds, raises, and more
Wormhole Profile
Wormhole Profile
Wormhole was introduced in October 2020 by Certus One, with the intention of being a token bridge between Ethereum and Solana. In August 2021, Certus One was acquired by Jump Trading, after which Wormhole was launched on mainnet as a communication bridge between Solana and other blockchain networks.
In November 2023, it was reported that Jump Trading Group had spun off the Wormhole project. Later that month, following a $225.00 million funding round, the Wormhole Foundation announced the launch of Wormhole Labs, an independent core contributor to Wormhole that “specializes in building products, tools, and reference implementations that help grow cross-chain activity and development.”
The protocol’s notable developments are detailed below:
- In January 2022, Wormhole introduced “NativeSwap,” a testnet showcasing Wormhole’s ETH/MATIC bidirectional swap mechanism.
- In March 2022, the Wormhole V1 bridge, the protocol’s original Ethereum-Solana bi-directional token bridge, was deprecated. Users were instructed to swap certain V1 tokens to the platform’s V2 bridge.
- In April 2022, the project renamed its token and NFT bridge from “Wormhole” to “Portal,” This was done to more clearly distinguish the underlying messaging protocol (”Wormhole”) from the protocol’s bridge application (”Portal”).
- In March 2023, Wormhole announced its integration with Circle's Cross-Chain Transfer Protocol (CCTP), enabling developers to compose generic messages on top of cross-chain, native USDC transfers.
- In July 2023, the Wormhole Foundation introduced Wormhole Gateway, an application-specific blockchain developed using the Cosmos SDK.
- In August 2023, the Wormhole team established the Wormhole Foundation, aiming to support teams building within the Wormhole ecosystem.
- In December 2023, Wormhole announced the launch of Wormhole Queries, a service designed to enhance cross-chain data access for blockchain applications.
- In January 2024, Wormhole introduced native token transfers, powered by Uniswap V3, with native-to-native transfer support for ETH (available between Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon PoS, and BNB Smart Chain) and wstETH (available between Ethereum, Arbitrum, Optimism, Polygon PoS, and Base).
- In February 2024, Wormhole introduced Native Token Transfers (NTT), a framework designed to facilitate the transfer of native tokens across multiple blockchain platforms while maintaining the tokens’ inherent properties.
- Wormhole commenced the airdrop for SPL W on April 3, 2024.
Wormhole intends to implement a decentralized governance model via W tokenholders (”on both Solana and EVM chains”); however, based on a commercially reasonable search, no verifiable information on a planned release date could be found.