User adoption statistics and growth metrics from Wormhole's quarterly or annual reports.

Wormhole Launches Native Multichain Token $W on Multiple Platforms

Apr 25, 2024, 03:34 PM

Wormhole, a prominent multichain interoperability platform, announced the launch of its native multichain token, $W, using the Wormhole Native Token Transfers (NTT) framework. This development allows $W to be available in SPL format on Solana and in ERC20 format on Ethereum, Arbitrum, Optimism, and Base. The platform, which connects various blockchains, has been operational for over three years, initially linking Solana and Ethereum. The introduction of the native token is aimed at enhancing the protocol's functionality across multiple ecosystems, including Layer 2 solutions.