W
Wormhole
W

Wormhole price

in USD
$0.09062
-$0.00334 (-3.56%)
USD
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Market cap
$430.88M
Circulating supply
4.76B / 10B
All-time high
$1.820
24h volume
$38.86M
3.9 / 5
WW
USDUSD

About Wormhole

Wormhole (W) is a cross-chain communication protocol that enables seamless transfer of tokens and data between different blockchain networks. Its core technology allows decentralized applications (dApps) to interact across multiple chains, solving interoperability challenges in the crypto space. W serves as the native governance token for the Wormhole ecosystem, empowering holders to participate in protocol upgrades and decision-making. Key use cases include cross-chain asset transfers, multi-chain DeFi applications, and bridging liquidity between blockchains. The project has gained significant traction, with integrations across major ecosystems like Ethereum, Solana, and BSC. Wormhole's technology also supports institutional adoption, as demonstrated by partnerships with projects bringing real-world economic data onchain.
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Last audit: 9 Mar 2023, (UTC+8)

Wormhole’s price performance

Past year
-56.77%
$0.21
3 months
+29.05%
$0.07
30 days
+15.52%
$0.08
7 days
+16.06%
$0.08
60%
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More people are buying W than selling on OKX
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Wormhole on socials

Michaël van de Poppe
Michaël van de Poppe
Today I've sold one #Altcoin after 100% profits Yes, it's finally time to be more active. I've sold a portion of one of my #Altcoins to reallocate towards other ones, so I'll be able to compound those profits. The background: Just a few weeks ago I've decided to swap some of my smaller altcoins & $OP into $PEAQ. A position of $4,500 allocated towards $PEAQ at a valuation of $0.06 per asset. Now, you never know for sure when there's going to be a substantial breakout taking place on the markets, as you can't time those movements. In this case, $PEAQ has rallied towards $0.126 and the portfolio went up massively. The allocation started at $4,500, but became $9,500, while all other positions haven't done anything as of yet. That creates an opportunity, which I'm quite often discussing: - Arbitrage opportunities between timing of the other #Altcoins and their moves, as again, if fundamentally nothing has changed on the thesis, it's very likely to expect that they'll be following. In this particular case, we swapped Optimism, Wormhole and Rocket Pool for PEAQ a month ago. Case - We would have held those older positions In that case, the allocation of $4,500 would still be $4,500-5,000 as the positions have barely moved. Case 2 - We swapped for PEAQ In this case, as we did, the allocation ran towards $9,500, resulting in an upwards result of +$5,000 and therefore the ability to keep on compounding the results. That's great. We're at that point. Referring back to the chart of PEAQ and the previous posts, the #Altcoin portfolio will be traded actively. That means: - I miss some trades as I'll cash too early. - I'll be buying back in too early. - I won't be buying back entirely. That's just part of the entire strategy and you can't really help it as technically, compounding returns will outweigh trying to be the peak top massively. In this case, the valuation was $9,500 and that's great, but we can see that it's quite overextended on the shorter timeframes. - 1D 20-MA is far away - 4H 20-MA is far away at this point - 1W 20-MA is currently fighting as resistance and will probably turn one for a little while. Now, the important part is; we don't have to close the entire position, we can just easily swap a little and compound those returns from this standpoint. In this case, we sold $2,500 worth of PEAQ at $0.1260 and we allocated $1,500 into $W at $0.0908 and $1,000 into $REZ at $0.1192. Again, let's use some cases: If the case is that $PEAQ isn't going to continue moving upwards, then you'd be camping your money into an asset that has already provided the move. Given the fact that I assume and have a thesis that $W and $REZ are about to give the same upside, we're foolish for staying into an asset that has made the move already, so we should be allocating back into other assets (but shouldn't be closing the position entirely). In the case of simply holding the $2,500 into $PEAQ from $0.1260, we'd be down 15% already. By the fact that we've swapped the $2,500 towards other positions and they barely moved, we've saved ourselves that 15% already. Now, let's assume we'll be going upwards with those 2 coins and they double, while $PEAQ remains flat. In that case, we make an additional $2,500 and could potentially rotate that back into $PEAQ at a later point. Active portfolio management By having the ability to be active with our portfolio management, we've secured ourselves the fact that we're back up to $65,000 with the #Altcoin portfolio. Remind yourself; it started with $110,000 and we started buying $OP at $2.25, $TIA at $10 and $REZ at $0.14. If those assets go back to the valuations that we started, by being this active in the bear market, we should be back to $275,000. A profit of $165,000. In the case of $PEAQ, we had two options: - Hold in cash and buy back the same amount (or extra) in PEAQ through gamma scalping strategies. - Allocate towards other #Altcoins to compound the returns. We've clearly taken the second route and I'm sure we'll be trading it more actively to generate a higher return in the coming period. Back in profits in October? Let's go!
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tmuxvim
tmuxvim
interesting
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DAMBI | 극동김치파
DAMBI | 극동김치파
What projects will Infinit_Labs collaborate with in the future? Oracle / Data Feed Providers For Infinit's strategies to work properly, various on-chain + off-chain data is needed, such as asset prices, real-world asset (RWA) income reports, LTV, and default risk. -> Collaboration with projects like Chainlink, @PythNetwork, Tellor, and Switchboard may be important. Layer 0 / Cross-Chain Infrastructure For strategy agents to operate across multiple chains, inter-chain bridges, hubs, and cross-chain swaps must function seamlessly. -> LayerZero, Wormhole, Hop, and Synapse could be used. Stablecoin / Stable Asset Infrastructure When constructing strategies, it seems necessary to have stableswap protocols that can move or hedge assets for liquidity pools and stablecoin utilization. Risk Management / Insurance-related Protocols Insurance that can reduce risks of automated strategies, smart contract bugs, oracle manipulation, and liquidity shortages. -> Nexus Mutual and Cover Protocol come to mind. I am curious about the future that the current project envisions. @Infinit_Labs
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Wormhole FAQ

Wormhole is an advanced protocol that serves as a bridge between different blockchains. It allows for the transfer of data and assets, enhancing interoperability and enabling diverse blockchain networks to interact seamlessly. Wormhole supports the vision of a connected Web3 environment by simplifying communication between blockchains.
Yes, Wormhole is designed for cross-chain transactions, enabling the transfer of assets and information across different blockchain networks. This infrastructure supports secure and efficient data movement, facilitating seamless interactions within the Web3 ecosystem.
In blockchain technology, alternatives to Wormhole for cross-chain interoperability include Axelar and LayerZero, offering innovative communication solutions.
Currently, one Wormhole is worth $0.09062. For answers and insight into Wormhole's price action, you're in the right place. Explore the latest Wormhole charts and trade responsibly with OKX.
Cryptocurrencies, such as Wormhole, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Wormhole have been created as well.
Check out our Wormhole price prediction page to forecast future prices and determine your price targets.

Dive deeper into Wormhole

Wormhole serves as an interoperability platform within the Web3 ecosystem, designed to connect disparate blockchain networks. It emerged as a response to the growing demand for a foundational messaging protocol that prioritizes security, decentralization, and minimal trust requirements. Initially forging a link between Ethereum and Solana, the platform aimed to bridge the gap between different blockchain environments, promoting a more cohesive Web3 internet.

The platform has matured into an extensive network that enhances interoperability across blockchain systems, facilitating the growth and scalability of applications. Wormhole has been instrumental in supporting the seamless exchange of data, contributing to the infrastructure that underpins the open and secure internet envisioned by Web3 initiatives. It is now the leading interoperability platform, used by developers of over 200 applications (e.g. Uniswap, Circle, Lido) and facilitating data movement across more than 30 blockchains.

Wormhole Price and Tokenomics

The introduction of Wormhole's native token, W, is central to the ecosystem’s function, driving governance, encouraging participation, and securing the platform’s future. The tokenomics of W have been strategically devised to cater to both immediate network requirements and the long-term expansion of the platform.

W's total supply caps at 10 billion tokens, with an initial 1.8 billion circulating in the market. Compliant with the ERC20 and SPL standards, W tokens are crafted for interoperability, utilizing Wormhole’s Native Token Transfer standard to ensure smooth cross-chain transactions. To reinforce the network's stability and encourage long-term commitment, 82% of W tokens are initially locked, set to gradually become available over a four-year period. The tokens are thoughtfully allocated to support different facets of the ecosystem:

  • Guardian Nodes: 5.1%, integral for the network’s security, participating in message verification.
  • Community & Launch: 17%, devoted to engaging and rewarding the community, including through airdrops.
  • Core Contributors: 12%, allocated to the teams focused on security, engineering, and product development.
  • Ecosystem & Incubation: 31%, aimed at supporting strategic growth and contributions to the broader Wormhole ecosystem.
  • Strategic Network Participants: 11.6%, reserved for participants with a long-term vested interest in the network.
  • Foundation Treasury: 23.3%, designated for future research, community grants, and operational costs, managed by the Wormhole Foundation.

Each category is a testament to Wormhole's commitment to creating a balanced and comprehensive approach to its tokenomics, promoting a wide distribution that aligns with its vision for an interconnected Web3 infrastructure.

About the founder and stakeholders

Wormhole's inception and growth can be attributed to a collective of decentralized teams, each with expertise in various domains crucial to the platform’s success. The principal contributors to Wormhole include the Wormhole Foundation, Wormhole Labs, and xLabs. Additional specialized teams, such as Wormhole China and Superteam, as well as ZK engineering specialists like Lurk, also play pivotal roles.

Supporting Wormhole's ecosystem is a diverse network of stakeholders, comprising Guardian Nodes, core contributors, and strategic network participants, among others. These entities collaborate to maintain and steer Wormhole's services, highlighting the platform's collective strategy for enabling cross-chain communication.

Wormhole Governance & DAO

Wormhole is transitioning towards a token-based governance model to empower W token holders with decision-making authority, focusing on community and treasury management post-token distribution. This move aims to harness the Wormhole community's collective potential, enabling them to navigate the multichain ecosystem's challenges and opportunities effectively.

The governance structure is set to evolve, granting the DAO more control over operational decisions, including blockchain connections, smart contract upgrades, and fee adjustments. A collaborative effort between Wormhole Core Contributors and the community will outline a transparent and inclusive roadmap towards full decentralization, ensuring alignment with community interests.

Wormhole Highlights

  • Widespread Adoption: Utilized by developers of over 200 applications, such as notable DApps like uniswap, circle, lido, synthetix.
  • Extensive Reach: Facilitates the transfer of various data types across more than 30 blockchains.
  • Impressive Volume: Has processed over 1 billion multichain messages, reflecting the platform's high utility and trust within the blockchain community.
  • Uniswap Foundation Endorsement: In 2023, received the distinction of being the only unconditionally approved cross-chain protocol by the Uniswap Foundation’s Bridge Assessment Committee.

Disclaimer

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Market cap
$430.88M
Circulating supply
4.76B / 10B
All-time high
$1.820
24h volume
$38.86M
3.9 / 5
WW
USDUSD
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