Chainlink (Wormhole)

1. Summary

Ranks

Liquidity

-

Developer

-

Social

88

Momentum (beta)

0

Stack Rank™

-

Price

$8.16 0.0%

Market Cap

$0.00 (#12188)

Supply

/

Tags

Wormhole Assets

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Price
52W High price	$19.25
52W High date	2nd Apr 2022 (3 years ago)
All Time High (ATH) Date	21st Apr 2025 (1 month ago)
All Time Low (ATL) Date	21st Apr 2025 (1 month ago)

Supply & Trading Volume
Trading Volume (24h)	$118.00

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Description

Wormhole

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Wormhole

Wormhole is a protocol designed to securely facilitate cross-chain communication and interactions within the decentralized applications (dApps) sphere. It employs a multi-signature schemed protocol and 19 signing Guardians to enable the transmission of verifiable action approvals (VAAs) across chains, allowing users to interact with assets and applications on connected chains seamlessly. The protocol supports multiple modular components, including bridging smart contracts and relayers, which can be leveraged independently to build composable cross-chain applications.

Key Features

• Cross-Chain Communication: Wormhole enables users to send messages and interact with applications across different blockchain networks, including Ethereum, Solana, Binance Smart Chain (BSC), and more.
• Relayers and Guardians: The protocol uses relayers to transport messages across chains and Guardians to validate and secure these transmissions.
• xAssets and Generic Relayers: Wormhole supports the use of xAssets for cross-chain asset transfers and provides a generic relayer system for more flexible interactions.
• Interoperability: The protocol aims to enhance blockchain interoperability by allowing dApps to pass arbitrary messages across chains, ensuring maximum Web3 interoperability.

Technical Integration

• Solidity Implementation: Developers can integrate Wormhole into their smart contracts using tools like the Wormhole relayer contracts, available for select networks.
• Cross-Chain Message Transmission: Messages can be transmitted across chains by calling the sendMessage function, specifying the message, destination address, and destination chain ID.
• Moonbeam and Wormhole: Wormhole is integrated with Moonbeam networks, providing liquidity through the Moonbeam Routed Liquidity (MRL) program and supporting cross-chain transactions via the GMP Precompile.

Other Resources

• Wormhole Core Bridge: The central bridge that connects different chain networks.
• Portal: A bridging UI used to transfer assets across chains.
• Developer Documentation: Comprehensive guides for technical implementation and integration.

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