Celo

Multicoin

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USDC

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Cross-chain messaging protocol Wormhole has surpassed a cumulative 1 billion in messages sent since its inception in September 2021.
According to <a href="https://wormholescan.io/" target="_blank" rel="noopener nofollow">data</a> from Wormhole Scan on Feb. 13, the messaging protocol currently <a href="https://wormholescan.io/" target="_blank" rel="noopener nofollow">processes</a> around 110,640 daily messages, moving $30 million in daily funds, oracle feeds and nonfungible tokens (NFTs) across 30 blockchains, with $39.6 billion in cumulative volume. 
In January, Wormhole reached $1 billion in total value locked (TVL), with Ether (<a href="https://cointelegraph.com/bitcoin-price">ETH</a>), Fantom (FTM) and Solana (<a href="https://cointelegraph.com/solana-price-index">SOL</a>) assets taking the top places at $675 million, $174 million and $96 million, respectively. The protocol’s TVL&nbsp;<a href="https://cointelegraph.com/news/wormhole-bridge-reclaims-1-billion-total-value-locked">peaked at $3.8 billion</a> in May 2022, before the collapse of the Terra ecosystem that led to the onset of the crypto winter.&nbsp;
Currently, a sizable portion of transactions facilitated by the cross-chain bridge are moved between Polygon and Celo and from Solana to Polygon, and vice versa. Solana decentralized exchange Pyth Network, which <a href="https://wormhole.com/case-study/pyth/" target="_blank" rel="noopener nofollow">secures</a> 48% of blockchain-oracle-mediated trading volume, is one of Wormhole Messaging’s largest users. Other notable decentralized applications using Wormhole include Uniswap, Circle, Lido and Synthetix.&nbsp;
On Feb. 7, Wormhole <a href="https://wormhole.com/wormhole-w-tokenomics/" target="_blank" rel="noopener nofollow">published</a> its tokenomics white paper, pledging to airdrop 17% of its 10 billion tokens to its community. No exact date was set for its airdrop. 
“Fundamentally, a token-based governance system allows token holders to guide and impact the protocol’s direction,” developers wrote. “After the token generation and distribution events, on-chain governance will largely guide community programs and treasury-related activities.” 
On Nov. 29, 2023, Wormhole <a href="https://cointelegraph.com/news/wormhole-raises-225-million-2-5-billion-valuation">announced a $225 million raise</a> at a valuation of $2.5 billion led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital.
Related:&nbsp;<a href="https://cointelegraph.com/news/wormhole-integrates-native-usdc-transfers-blockchain-networks">Wormhole integrates native USDC transfers for four blockchain networks</a>

Wormhole crosses 1B in cross-chain messages ahead of token launch

Cointelegraph

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