Wormhole
W
Cross-chain messaging and asset transfer protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 1.10% | 3.52% | 35.86% | 19.71% | 50.80% | 19.62% |
Comparison
Investment
Tokenomics
Unlock Progress
Updated release rules on October 3, 2025 https://wormhole.com/blog/wormhole-announces-w-token-2-0-upgrade
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Oct 30, 2026 | 40.31M W | $537.55K | 0.61% | 4 Allocation |
| Nov 13, 2026 | 40.31M W | $537.55K | 0.61% | 4 Allocation |
| Nov 27, 2026 | 40.31M W | $537.55K | 0.61% | 4 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| -- |   W | -- | -- | -- |
| -- | W | -- | -- | -- |
| -- | W | -- | -- | -- |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | OOKXCEX | W/USDT | $0.03488 | $160,454 | $221,250 | $1,760,332 | 9.98% |
| 2 | UUpbitCEX | W/KRW | $0.03519 | $53,149 | $49,514 | $985,135 | 5.58% |
| 3 | BBitgetCEX | W/USDT | $0.03495 | $141,086 | $97,969 | $932,963 | 5.29% |
| 4 | W/USD | $0.03495 | $74,969 | $126,290 | $452,388 | 2.56% | |
| 5 | BBingXCEX | W/USDT | $0.03498 | $124,332 | $117,549 | $276,226 | 1.57% |
| 6 | W/USD | $0.03501 | $47,988 | $73,221 | $248,544 | 1.41% | |
| 7 | BBithumbCEX | W/KRW | $0.03526 | $8,833 | $14,524 | $143,522 | 0.81% |
| 8 | PPhemexCEX | W/USDT | $0.03498 | $1,806 | $1,955 | $42,930 | 0.24% |
| 9 | HHTXCEX | W/USDT | $0.03508 | $31,922 | $29,693 | $34,372 | 0.19% |
| 10 | W/USDT | $0.035 | $3,246 | $28,657 | $15,555 | 0.09% |
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About Wormhole
Wormhole is a Web3 interoperability protocol that enables arbitrary message passing across blockchains, allowing data, tokens, and instructions to move between networks like Solana, Ethereum, and 30+ others. Its core products include Portal (a bridge UI), Connect (an embeddable widget for dApps), NTT (a framework for native multi-chain tokens), and Settlement (an intent-based cross-chain settlement layer). The protocol uses a network of 19 Guardians, who observe and sign messages to produce Verifiable Action Approvals (VAAs); relayers then deliver these signed messages to destination chains.
The main pain point Wormhole addresses is blockchain fragmentation: assets and data are siloed across different networks, forcing users to rely on centralized exchanges or risky bridges. Wormhole provides a decentralized, general-purpose messaging layer, enabling developers to build cross-chain applications without deploying contracts on every chain. Its competitive edge lies in broad chain coverage (including non-EVM chains like Solana, Aptos, and Sui) and a modular design, though its Guardian-based security model is more centralized than optimistic or ZK-based alternatives.
In the past six months (Feb–Aug 2026), Wormhole has focused on expanding its product suite and integrations. It proposed acquiring Stargate (a LayerZero-based bridge) for at least 120 million USDC, which would consolidate liquidity and routing. The team also pushed AI-agent-related integrations, with community projects like ElizaOS routing cross-chain agent operations through Wormhole, though no official first-party MCP server has been launched. A notable negative event: in 2022, Wormhole suffered a $325 million exploit due to a signature verification bug, which was fully reimbursed by Jump Crypto; the protocol has since undergone multiple audits and upgrades, but the incident remains a category-level risk for bridge security.
Wormhole originated in 2020 as a hackathon project incubated by Certus One and Jump Crypto, initially serving as a token bridge between Solana and Ethereum. In August 2021, it evolved into a general messaging protocol, and the Wormhole Foundation took over governance in 2023. Key milestones include: the 2022 attack that led to a $325 million loss, after which the team reinvested in security and introduced mechanisms like the Governor and Global Accountant; the launch of the W token in April 2024, which marked the beginning of protocol decentralization; the establishment of a strategic reserve to purchase W tokens, including a $5 million buyback by the Foundation; the proposal to acquire Stargate for over $110 million in 2025, signaling consolidation in the cross-chain space; and the W token 2.0 upgrade that optimized the unlocking mechanism from annual to bi-weekly, improving token economics. The protocol now connects 45+ blockchains and has processed over 1 billion messages, with a focus on ZK-based trustless bridging and institutional-grade infrastructure.
Wormhole core team members:
Anthony Ramirez - COO Robinson Burkey - Co-Founder & CBO Saeed Badreg - Co-Founder & CEO Tony Jin - Co-Founder & CTO Cathy Yoon - General Counsel