Provides an open-source interoperability platform that enables multichain applications to transfer tokens, query on-chain data, and build custom protocols across 30+ supported blockchains. By eliminating liquidity fragmentation and enabling native token transfers, it streamlines cross-chain functionality for developers and institutions, supporting over 1 billion messages and 200+ applications.
Funding
$225M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing number of blockchains leads to fragmented liquidity and isolated on-chain data, hindering the development of truly interoperable decentralized applications (dApps). Developers face challenges in transferring tokens, querying data, and building custom protocols across different blockchain ecosystems.
Solution
Wormhole provides an open-source interoperability platform designed to connect various blockchains, enabling seamless multichain applications. The platform facilitates the transfer of tokens and querying of on-chain data across more than 30 supported blockchains. Wormhole streamlines cross-chain functionality by enabling native token transfers and eliminating liquidity fragmentation. Developers can leverage Wormhole to build custom protocols that operate across multiple chains, fostering a more connected and efficient decentralized ecosystem. The platform supports various runtimes and has facilitated over 1 billion messages across its network.
Target Audience
The primary audience includes blockchain developers and institutions looking to build and deploy multichain applications, transfer assets across chains, and access on-chain data from various blockchain networks.
Features
- Connect UI widget: Integrate in-app bridging with a few lines of code.
- Native Token Transfers (NTT): Transfer tokens natively across chains without wrapped assets.
- Queries: Fetch on-chain data from multiple networks for analytics and insights.
- Messaging: Build custom multichain protocols for cross-chain communication.
- TypeScript SDK: A toolkit to simplify multichain development.
- Wormhole Settlement: An intent-based protocol for fast multichain transfers with optimized liquidity.
- MultiGov: Multichain governance for deploying and upgrading contracts across different chains.