Coin overview
W overview
About W
Coin-related
Price calculator
Price history
Price prediction
Technical analysis
Coin buying guide
Crypto category
Profit calculator
Trade-related
Buy/Sell
Deposit/Withdraw
Spot
Margin
USDT-M futures
Coin-M futures
Trading bots
Copy trading
Earn
Pre-market
Coin updates
Wormhole news
Wormhole flash
Events Calendar
ICO
Airdrop
Other products
BRC-20 prices
Crypto directory
Crypto encyclopedia
Crypto glossary
![Wormhole](https://img.bitgetimg.com/multiLang/web/91ea7ec06c8fc6297869b344f7141022.png)
Wormhole priceW
Wormhole price calculator
More cryptocurrencies calculator >Wormhole price live data summary
What is the highest price of W?
What is the lowest price of W?
Wormhole price prediction
When is a good time to buy W? Should I buy or sell now?
What will the price of W be in 2025?
What will the price of W be in 2030?
Wormhole ratings
About Wormhole(W)
What Is Wormhole?
Wormhole is a generic message-passing protocol that enables communication between blockchains, serving as a vital infrastructure component in the decentralized finance (DeFi) and blockchain ecosystems. At its core, Wormhole facilitates the seamless transfer of information and assets across various blockchain platforms, addressing the critical challenge of interoperability that has long hindered the broader adoption and utility of blockchain technology. By allowing different blockchains to "speak" to one another, Wormhole opens up a realm of possibilities for developers, users, and applications, enabling cross-chain exchanges, governance, and even gaming experiences that were previously unattainable.
As the blockchain space continues to fragment with the introduction of new chains, the need for effective communication protocols like Wormhole has become increasingly apparent. Wormhole stands out by not being a blockchain or a token bridge in itself but by providing the necessary infrastructure for these connections. This distinction allows Wormhole to focus solely on the transmission of data or tokens across chains, supporting protocols built on top of it for various purposes, including token bridges. This approach has positioned Wormhole as a leading solution in the quest for blockchain interoperability, bridging the divide between ecosystems like Ethereum, Solana, and many others.
Resources
Official Documents: https://docs.wormhole.com/wormhole
Official Website: https://wormhole.com/
How Does Wormhole Work?
The operational backbone of Wormhole comprises several key components, each playing a unique role in ensuring the protocol's functionality and security. At the heart of Wormhole's architecture are the Guardians—trusted nodes that validate and sign messages across the network. These Guardians monitor the state of multiple blockchains, verifying the integrity of cross-chain communications. When a majority of Guardians validate a message, it is encapsulated into a Verified Action Approval (VAA), which serves as a cross-chain data packet, carrying the necessary information to complete a transaction or message on the destination blockchain.
The transmission process begins with an application or user initiating a message or transaction on the source blockchain. This action calls on Wormhole's Core Contracts, which record the event and its details onto the blockchain's transaction logs. Guardians then pick up this information, validate it, and generate a VAA. Relayers, acting as the delivery mechanism within the Wormhole architecture, then transmit the VAA to its intended destination. Notably, Relayers cannot alter the contents of a VAA, ensuring the message remains untampered throughout its journey. Upon arrival, the destination blockchain verifies the VAA through its Core Contract, completing the cross-chain communication.
What Is W Token?
W is the native governance token of the Wormhole ecosystem. As a governance token, W empowers its holders with the ability to participate in crucial decision-making processes that shape the future development and policies of the Wormhole network. This includes decisions on protocol upgrades, security measures, and the integration of new blockchains or features into the Wormhole ecosystem. Beyond governance, the W token serves as a utility token within the Wormhole network, being used for transaction fees, staking, or accessing specific features and services. W has a total supply of 10 billion tokens.
What Determines Wormhole’s Price?
The price of Wormhole, like any asset in the blockchain and cryptocurrency markets, is influenced by a combination of supply and demand dynamics, market volatility, and broader Web3 and cryptocurrency trends. As investors and users delve into cryptocurrency analysis and scrutinize cryptocurrency charts, factors such as the latest news surrounding Wormhole, updates on cryptocurrency regulation, and the token's role in facilitating cross-chain communication for Web3 applications significantly impact its valuation. As the platform evolves, the latest developments in security enhancements and partnerships can drive cryptocurrency adoption further, making Wormhole an option for the best crypto investment for 2024 and beyond.
Moreover, Wormhole's price is affected by cryptocurrency price prediction analyses that consider the token's utility in the rapidly growing Web3 ecosystem. Factors such as market volatility, security concerns related to cross-chain transactions, and the overall demand for interoperability solutions within the blockchain space play crucial roles. As investors seek to mitigate cryptocurrency risks and capitalize on emerging opportunities, the trajectory of Wormhole's price will continue to reflect the ever-changing landscape of cryptocurrency adoption, regulatory environments, and investor sentiment towards the future of decentralized finance.
For those interested in investing or trading Wormhole, one might wonder: Where to buy W? You can purchase W on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
Related Articles about Wormhole:
Wormhole (W): Crossing Boundaries and the Quest for Optimized Blockchain Interoperability
Wormhole price performance in USD
Wormhole price history in USD
Wormhole market information
W to local currency
Crypto calculatorHow to buy Wormhole(W)
![Create Your Free Bitget Account](/price/_next/static/media/HTB_step1.fc7a3f4a.png)
Create Your Free Bitget Account
![Verify Your Account](/price/_next/static/media/HTB_step2.2d71969a.png)
Verify Your Account
![Buy Wormhole (W)](/price/_next/static/media/HTB_step4.449f78aa.png)
Buy Wormhole (W)
Trade W perpetual futures
After having successfully signed up on Bitget and purchased USDT or W tokens, you can start trading derivatives, including W futures and margin trading to increase your income.
The current price of W is $0.1977, with a 24h price change of +4.00%. Traders can profit by either going long or short onW futures.
Join W copy trading by following elite traders.
Wormhole news
See more![Donald Trump reacts to Russia’s decision to endorse Kamala Harris](https://img.bitgetimg.com/multiLang/image/social/92a9caa2891cca0b4f4997bd32984ba41725701041036.jpeg)
Share link:In this post: Putin surprised everyone by endorsing Kamala Harris for the US presidential election, calling her laugh “infectious.” Trump responded by saying he wasn’t sure if Putin’s endorsement was an insult or a favor. The White House condemned Putin’s comments, insisting foreign leaders shouldn’t interfere in US elections.
![Trump vows to remove all US sanctions on Russia before they kill the dollar](https://img.bitgetimg.com/multiLang/image/social/259f343451a973cbf38a142a941e73ca1725656590109.webp)
Share link:In this post: Donald Trump says he’ll remove all U.S. sanctions on Russia, claiming they’re damaging the dollar. Dimitri Simes, a former Trump adviser, and his wife are charged with laundering money for Russian state media. President Vladimir Putin humorously endorsed Trump’s opponent Kamala Harris.
![India May Grant Clearance to Two More Offshore Crypto Exchanges for Operations](https://img.bitgetimg.com/multiLang/image/social/ffa58fd25533a7f5f871db16d36695e11725544090536.jpg)
Buy more
FAQ
What is the current price of Wormhole?
What is the 24 hour trading volume of Wormhole?
What is the all-time high of Wormhole?
Can I buy Wormhole on Bitget?
Can I get a steady income from investing in Wormhole?
Where can I buy Wormhole with the lowest fee?
Where can I buy Wormhole (W)?
Trade
Earn
W/USDT
SpotW/USDT
MarginW/USDT
USDT-M FuturesCopy trading
Related assets
![share](/price/_next/static/media/share.a152cde6.png)
Wormhole Social Data
In the last 24 hours, the social media sentiment score for Wormhole was 3.3, and the social media sentiment towards Wormhole price trend was Bullish. The overall Wormhole social media score was 135,544, which ranks 37 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Wormhole being mentioned with a frequency ratio of 0.03%, ranking 77 among all cryptocurrencies.
In the last 24 hours, there were a total of 1,158 unique users discussing Wormhole, with a total of Wormhole mentions of 304. However, compared to the previous 24-hour period, the number of unique users increase by 14%, and the total number of mentions has increase by 11%.
On Twitter, there were a total of 9 tweets mentioning Wormhole in the last 24 hours. Among them, 22% are bullish on Wormhole, 0% are bearish on Wormhole, and 78% are neutral on Wormhole.
On Reddit, there were 0 posts mentioning Wormhole in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
All social overview
3.3