Wormhole, a prominent name in the cryptocurrency and blockchain scene, has recently been involved in several key events that significantly impact its position in the market. Key developments range from technological advancements, collaborations, to its token price dynamics.
Tenstorrent, a tech firm, recently unveiled high-end Wormhole AI processors that feature RISC-V and promise incredible price to performance value. Known for its cross-chain protocol, Wormhole has also launched tokenomics for an upcoming airdrop, signalling strength in its native token's ecosystem. The firm has even entered into a significant partnership with tech titan
AMD in a move aiming to enhance multi-blockchain application performance significantly. Despite these positive developments, Wormhole weathered a few troubles, such as security flaws discovered by CertiK and an exploit amounting to $320M. However, Wormhole swiftly responded by reclaiming its $1B TVL following the incident. Its
W token has faced volatility post-airdrop but managed to reach a $2.5 billion market cap. Furthermore, the token is paying dividends at a stunning 999% per week on the Solana protocol, Kamino, indicating aggressive growth potential.
Wormhole News Analytics from Mon, 18 Sep 2023 07:00:00 GMT to Tue, 03 Sep 2024 07:00:00 GMT -
Rating 0
- Innovation 8
- Information 7
- Rumor -2
