7 months ago
40 ARTICLE AD
Wormhole's W token had a 20% price growth in the last hour.
Wormhole launched today its native W token on Ethereum Virtual Machine-compatible blockchains, such as Ethereum, Arbitrum, Optimism, and Base, according to a blog post. This development is facilitated by Wormhole Native Token Transfers (NTT), allowing users to transfer W tokens across these different chains, on top of Solana.
The recent launch marks the completion of the second phase of the W token’s rollout plan, setting the stage for the introduction of MultiGov, a multichain governance system built around W staking for voting power.
Moreover, the token grew nearly 20% in the last hour and reached $0,66, according to data aggregator CoinGecko. However, this is still 40% below the token’s opening price on April 3, when Wormhole distributed 617 million W to users who interacted with the platform. ]
W price over the last 24 hours. Image: CoinGeckoNevertheless, W still stands as the largest token of the “cross-chain communication category”, with over $1.1 billion by market cap.
The multichain nature of W fosters a more efficient and versatile environment for innovation and engagement within the Wormhole ecosystem, states the entity in the publication. Wormhole currently supports cross-chain messaging to 29 different blockchains, connecting almost $70 billion in total value locked across these ecosystems.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
