Token

2024

Wormhole

Wormhole's native token (W) rose by over 8% to $0.6346 in 24 hours despite the <a href="https://optimisus.com/news/blockchain-news/optimism-op-fixes-major-testnet-flaws-after-a-tip-from-rival-offchain-labs/" rel="noopener noreferrer nofollow">crypto market's</a> fall. This rise raised Wormhole's market worth to $1.14 billion, placing it 73rd in the cryptocurrency rankings.  
W trade volume rose 72% to $164 million. Last day, Wormhole traded between $0.5788 and $0.671. Despite these advances, Wormhole remains 60% behind its April 3, 2024 high of $1.61. Wormhole was $0.6361 at press time.  
Wormhole's release of W Native Token Transfers (NTT) drove the W's price up. W is now natively multichain on Solana, Ethereum, Arbitrum, Optimism, and Base.  
This upgrade allows users to smoothly transfer W between different networks without liquidity concerns or liquidity pools, keeping the token's unique functionality in the Wormhole ecosystem.  
The launch of NTT completes Wormhole's second phase, preparing for MultiGov, a revolutionary multichain governance system, and W staking for governance. Using NTT and a native multichain token, these developments prepare token functionality. 
The post <a href="https://optimisus.com/news/crypto-news/wormholes-w-token-surges-by-over-8-amidst-crypto-market-decline/" rel="noopener noreferrer nofollow">Wormhole’s W token surges by over 8% amidst crypto market decline</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Wormhole’s W token surges by over 8% amidst crypto market decline

Optimisus

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