W

Wormhole price

W
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4.2/5
CyberScope
4.2
06/04/2024
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USD
USD
$0.36980
+0.02%
1h
24h
1W
1M
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Wormhole price live data

The current price of Wormhole is $0.36980. Since 00:00 UTC, Wormhole has increased by +0.03%. It currently has a circulating supply of 1,800,000,000 W and a maximum supply of 10,000,000,000 W, giving it a fully diluted market cap of $666.72M. At present, Wormhole holds the 78 position in market cap rankings. The Wormhole/USD price is updated in real-time.

Wormhole price performance in USD

Time periodChange amount%Chg
Today$0.00010000 +0.02%
7 days-$0.17180 -31.73%
30 days-$0.18000 -32.74%
3 months-$0.03020 -7.56%

Wormhole market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.35900
Last price $0.36980
24h high$0.38350
Heat index ranking
51
Market cap ranking
78
Market cap
$666.72M
Favorited rate
Percentage of users who favorited this asset to all users
1.87%
All-time high
$1.8200
-79.69% (-$1.4502)
Apr 3, 2024 (2 months ago)
All-time low
$0.32150
+15.02% ($0.048300)
Jun 18, 2024 (2 days ago)
ICO date
04/03/2024
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
1,800,000,000 W
Market cap at circulating supply
Market cap = Circulating supply × Last price
$3.70B
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 03/09/2023

About Wormhole (W)

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.

W FAQ

What is Wormhole (W)?
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.
Can Wormhole be used for cross-chain transactions?
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.
Are there any cryptos similar to Wormhole?
In blockchain technology, alternatives to Wormhole for cross-chain interoperability include Axelar and LayerZero, offering innovative communication solutions.
How much is Wormhole worth today?
Currently, one Wormhole is worth $0.36980. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
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