Cross-chain messaging protocol Wormhole continues to gain traction, recently surpassing a cumulative 1 billion messages sent since launching in September 2021.
According to data from Wormhole Scan, the protocol currently processes around 110,640 daily messages, moving $30 million in daily assets between 30 different blockchains.
With $39.6 billion in cumulative volume, Wormhole has become a vital bridge for decentralized finance apps like Uniswap, Circle, Lido, and Synthetix.
A large portion of transactions are between Polygon and Celo, and Solana to Polygon. Solana DEX Pyth Network, securing 48% of blockchain oracle trading volume, is one of Wormhole’s biggest users.
Moreover, the protocol recently raised $225 million in a funding round led by Brevan Howard, Coinbase Ventures, Multicoin Capital, and others, at a $2.5 billion valuation.
As cross-chain interoperability becomes increasingly important in crypto, Wormhole aims to be the backbone facilitating seamless transfers between an ever-growing number of blockchains.
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