Wormhole, a leading interop protocol, has generated significant news due to its innovative actions and partnerships. A physicist believes we shouldn't dismiss the concept of wormholes, implying a potentially strong scientific basis for future advancements, while Hamilton Lane has leveraged Wormhole for a multichain tokenized fund. This follows a scare where Wormhole almost disrupted Solana DeFi.
Ripple has integrated Wormhole with the XRP Ledger to power institutional multichain moves, boosting XRP's cross-chain capabilities and interoperability.
Algorand Foundation too has launched Wormhole native token transfers. Jump Crypto recovered $40.5 million in ETH due to the Wormhole recovery. Major deals with Hamilton Lane, Blackrock, and CoinBase incorporating Wormhole has raised its profile, propelling price gains in Wormhole tokens and a surge after a CoinBase listing. Nonetheless, the token has experienced a substantial drop this year. Wormhole continues its expansion, unveiling a global ecosystem hub in New York City and establishing creative cross-layer defense mechanisms against blackhole and wormhole attacks in wireless ad-hoc networks. More developments, collaborations, and integrations abound, with the protocol powering multichain interoperability and playing its role in helping launch the first tokenized fund offered by VanEck. Wormhole's engagement with Ripple and CoinBase seems promising in terms of price and market perception, yet some holders are still in the red. Finally, the integration of Algorand and XRP Ledger with Wormhole reaffirms the protocol's growing clout in the crypto space.
Wormhole News Analytics from Tue, 03 Sep 2024 07:00:00 GMT to Fri, 18 Jul 2025 12:51:13 GMT -
Rating 5
- Innovation 9
- Information 8
- Rumor -2
