Wormhole, a cryptocurrency platform, has been a consistent presence in the news with numerous announcements, partnerships, and innovations. Partnerships include
Nuffle Labs and
Circle, to enhance cross-chain solutions and USDC transfers.
Tenstorrent has launched Wormhole inspired AI processors, providing to be an important innovation. Announcements also include a promising launch of a native multichain
restaking with Nuffle Labs, and the release of
W tokens on EVM chains. The company has even partnered with chipmaker,
AMD, to boost performance of multi-blockchain applications. However, Wormhole faced some controversy following its airdrop, with some NFT holders missing out, leading to a slight drop in token value. Despite this, Wormhole has attracted a $3 billion valuation and distributed over $1 billion worth of W tokens to users. Recently, Wormhole was the subject of a hack resulting
$325 million loss, which was later covered by
Jump Trading. The hack reinstated conversations around security, and Wormhole recognized this as a learning opportunity.
Wormhole News Analytics from Sun, 12 Jan 2020 08:00:00 GMT to Wed, 18 Dec 2024 03:00:00 GMT -
Rating 5
- Innovation 6
- Information 6
- Rumor -2
