W (Wormhole) has pumped 13.62% in the last 24 hours.

Gate News Bot news, September 19, according to CoinMarketCap data, W (Wormhole) is currently priced at $0.11, with a rise of 13.62% in the last 24 hours, reaching a high of $0.13 and a low of $0.09. The current market capitalization is approximately $547 million, an increase of $65.5 million compared to yesterday.

Wormhole is a leading cross-chain interoperability platform that connects traditional finance and the internet economy. The platform is dedicated to powering multi-chain applications and bridging, supporting over 30 blockchains, having sent over 1 billion messages, with more than 200 applications using its messaging services. The security of Wormhole is ensured by 19 validation nodes, continuous audits, a $5 million bug bounty program, and fully open-source code.

Recent important news from W:

1️⃣ W Token 2.0 Major Upgrade Released Wormhole has launched a significant upgrade to the W token 2.0, introducing a new token economic model. The upgrade includes the establishment of Wormhole reserves, a 4% base yield on W tokens, and optimizing the annual unlocking mechanism to unlock every two weeks. These improvements aim to enhance the economic model of the W token and are expected to have a positive impact on its long-term value.

2️⃣ The demand for cross-chain interoperability continues to rise With the continuous expansion of the blockchain ecosystem, the demand for cross-chain interoperability solutions is on the rise. Wormhole, as a leading cross-chain interoperability platform, supports over 30 blockchains and has sent over 1 billion messages. This advantageous position allows Wormhole to potentially benefit from the growing cross-chain demand, potentially driving the value of W tokens up.

3️⃣ Rapid Expansion of Application Ecosystem Currently, there are over 200 applications built on the Wormhole messaging system. As more developers and projects choose to build on Wormhole, the network effects of the platform may further strengthen, which could drive the demand and value of the W token.

From a technical perspective, the price of the W token has broken through the 0.10 dollar mark, showing strong rise momentum. However, investors still need to pay attention to the overall trends in the cryptocurrency market and the actual effects after the implementation of the new token economic model to assess the long-term development potential of the W token.

This message is not intended as investment advice; investors should be aware of market volatility risks.