Wormhole
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Wormhole Network is a generic message passing protocol connecting high value blockchains together, with applications leveraging the the core messaging layer to facilitate interoperability between ecosystems. Secured by 19 guardians, developers are able to leverage the protocol to send arbitrary data cross-chain including tokens, NFTs, oracle data, governance decisions and more. Recent implementations of Wormhole include the Portal and NFT bridge, allowing for seamless asset transfers across supported chains. Currently connected to Solana, Terra, Ethereum, Binance Smart Chain, Polygon, Avalanche and Oasis, its design also allows for fast consensus, easily extensible and upgradable design to connect to more chains allows developers to build on top of Wormhole easily.
W 2.0 tokenomics announced
Wormhole announced a major $W token upgrade introducing a revenue-backed Wormhole Reserve, a 4% base yield on W, and a shift from annual cliff unlocks to bi-weekly releases starting October 3, 2025.
W token launch and airdrop
Wormhole launched its native governance token $W via a 617M-token airdrop; the token debuted at $1.66 with a ~$3B market cap.
$225M raise and split from Jump Crypto
Wormhole raised $225M at a $2.5B valuation and announced Wormhole Labs, a new entity dedicated to protocol development, finalizing its separation from Jump Crypto.
Wormhole Foundation introduced
The Wormhole Foundation was launched as a steward entity dedicated to supporting open-source, decentralized blockchain interoperability research and development.
Wormhole exploit (~$326M stolen, funds restored)
An attacker bypassed signature verification via a deprecated function and drained 120,000 wETH (~$326M); Jump Crypto subsequently restored/replaced the stolen funds.
Wormhole mainnet (v2) launch
Wormhole redesigned as a generic cross-chain messaging protocol and launched its mainnet, connecting Solana, Terra, Ethereum, and Binance Smart Chain.
Certus One acquired by Jump Trading
Chicago quantitative trading firm Jump Trading acquired Berlin-based blockchain engineering firm Certus One (core Wormhole developers) for an undisclosed amount.
Initial Wormhole announcement
Solana and Certus One announced Wormhole, a 'secure and trustless' bridge connecting Ethereum and Solana, then in testnet.