Wormhole, a cross-chain protocol bridging different cryptocurrencies, has been a focal point in the cryptocurrency world recently. The application of wormholes in numerous scientific realms, from theoretical physics to AI development, brings an air of intrigue, intensifying interest in Wormhole crypto applications. AI chip-making company
Tenstorrent announced new developer kits and workstations based on Wormhole technology, enhancing AI capabilities significantly.
On the other hand, controversy ensues as wormhole displays financial inconsistencies, particularly after its token airdropped and plunged by 50% in value. Pre-built wormhole AI workstations, starting at $12,000, raises questions about accessibility and sustainability. There's also been a major security flaw of $5M discovered in Wormhole bridge on Aptos.
Despite the controversies, the W token continues to yield a staggering annual return of 999% on Solana Protocol Kamino. The recent airdrop issuance also piqued interest among community members. Nevertheless, recent losses have led to some skepticism in the cryptocurrency market. Furthermore, Wormhole's token bridge suffered a substantial exploit, resulting in a $321M loss to the platform.
Amidst these developments, Web3 startup Wormhole secured $225M at a $2.5B valuation. However, the company drew criticism for varied airdrop token numbers among users. As these instances continue to unfold, the price fluctuations of the 'W' token leave investors on edge, questioning its future profitability despite promising advancements.
Wormhole News Analytics from Wed, 16 Oct 2019 07:00:00 GMT to Mon, 12 Aug 2024 16:50:52 GMT -
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