The current price of Wormhole is $0.26450. Since 00:00 UTC, Wormhole has increased by +0.95%. It currently has a circulating supply of 2,783,749,861 W and a maximum supply of 10,000,000,000 W, giving it a fully diluted market cap of $738.53M. At present, the Wormhole coin holds the 69 position in market cap rankings. The Wormhole/USD price is updated in real-time.
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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.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.6K new posts about Wormhole, driven by 502 contributors, and total online engagement reached 1.6M social interactions. The sentiment score for Wormhole currently stands at 51%. Compared to all cryptocurrencies, post volume for Wormhole currently ranks at 1138. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Wormhole.
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Posts
2,562
Contributors
502
Interactions
1,619,581
Sentiment
51%
Volume rank
#1138
X
Posts
2,108
Interactions
266,703
Sentiment
82%
W FAQ
How much is Wormhole worth today?
Currently, one Wormhole is worth $0.26450. 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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