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Information about Wormhole (W)
Wormhole is a cross-chain bridge protocol that allows users to transfer assets between different blockchains, such as Ethereum, Solana, Terra, BNB Chain, Polygon, Avalanche, and Oasis. The project solves the interoperability problem between decentralized applications (dApps) and smart contracts on different blockchains, making it easier and more convenient to swap tokens between chains.
Protocols using Wormhole's solution have processed over 750 million transactions with a volume of up to $35 billion. Over 200 dApps from different blockchains have been built on Wormhole's solution. Among the 30+ blockchain networks supported by Wormhole, Solana accounts for over 81.3% of all transactions.
W is a native coin of the Wormhole ecosystem, operating on Solana according to SPL standard. A token-based governance system allows token holders to guide and impact the protocol's direction. Over time, Wormhole plans to decentralize the protocol's governance to W holders progressively.
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