Wormhole price

W

#124

Wormhole was the industry’s first cross-chain bridge, a true pioneer in the industry back when “multichain” was not a widely accepted trend. Today, Wormhole’s uniqueness lies in its security, decentralization, and open source code. Wormhole’s decentralized set of 19 validators include globally-recognized entities such as Google Cloud and other top validator firms. Wormhole’s model was independently selected by the Uniswap Bridge Assessment Committee as the most secure option for cross-chain bridges, citing its validator quality, decentralization, and architecture. In addition, Wormhole has one of the industry’s most robust bug bounty programs and employs end-to-end encryption to safeguard transactions. These measures ensure Wormhole’s infrastructure can be trusted for the largest-scale use cases in both DeFi and traditional finance. Wormhole also holds open source ethos as a standard for development, unlike some competitors who operate with closed source code similar to Web2 companies like Facebook.

Wormhole provides tools for users to bridge assets and developer tools for blockchains, apps, and tokens: Portal – A user-facing bridge powered by Wormhole, offering low fees, low latency, and strong security guarantees. The most used bridge in the history of the industry. NTT (Native Token Transfers) – The leading multichain token standard that enables tokens to exist multichain with a single supply, critical for stablecoins and institutional assets. Messaging – Developers can integrate cross-chain messaging directly via the Wormhole SDK. Queries – Secure pull-based, cost-efficient data access across chains. Intents – An SDK extension that allows users to express desired outcomes while solvers handle execution, creating faster, more intuitive cross-chain UX. MultiGov - The industry’s first multichain governance system, allowing users to vote across any chain. These capabilities are already used by institutions like Securitize to issue multichain tokenized funds (including BlackRock’s BUIDL, Apollo, VanEck, and Hamilton Lane vehicles), by DeFi protocols to unify liquidity across chains, by blockchains like Solana and Base, and by wallets and dApps to deliver seamless multichain experiences.

The W token is the native asset powering the Wormhole platform. Holders can stake their tokens in governance on the W Dashboard, participate in governance processes that shape the network’s future, protocol upgrades, fee models, and connection management. W will also be the means of generating and redistributing network fees and revenue back to token holders. Additional token use cases such as staking for Queries and new chain connections are also on the product roadmap. W is natively multichain, enabled by Wormhole’s NTT framework, allowing it to move seamlessly across supported ecosystems.