{
  "url": "https://blockindex.ai/coin/w",
  "name": "Wormhole",
  "links": {
    "github": null,
    "website": "https://wormhole.com/",
    "whitepaper": "https://wormhole.com/docs/"
  },
  "dScore": 34,
  "market": {
    "priceUsd": 0.00959717488778087,
    "marketCapUsd": 57862650.55990771,
    "volume24hUsd": 130596832.11627702,
    "priceChange7dPct": 5.7355037,
    "priceChange24hPct": 0.09940926
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 10000000000,
    "circulating": 6029133702,
    "circulatingPct": 60.29133702
  },
  "ticker": "W",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:33.84063+00:00",
  "fairLaunch": false,
  "launchYear": 2024,
  "description": "Wormhole is an interoperability infrastructure platform and multichain token ecosystem that originated as the first Ethereum–Solana bridge and has since evolved into a comprehensive connectivity layer for cross-chain asset transfers, messaging, and governance. Initially incubated by Jump and supported by early ecosystem partners, Wormhole emphasizes a modular product approach: bridge contracts deployed per chain, a guardian validator set to produce Verified Action Approvals (VAAs), developer SDKs, secure Queries, and the Native Token Transfers (NTT) standard which enables tokens with a single supply across multiple chains. The project positions itself for both crypto-native use cases—DeFi liquidity routing, messaging for composable applications—and institutional tokenization use cases, citing integrations with major stablecoin providers and institutional token issuers.\n\nFrom a technical perspective, Wormhole is not a standalone L1 blockchain but a multichain protocol that deploys contracts and light infrastructure across many chains and uses a threshold guardian signing model to observe events and relay them cross-chain. The guardian set has been described in the source materials as a decentralized group of approximately 19 validators, and the project has undertaken continuous security practices including audits and a sizable bug bounty program. Core developer primitives include Portal (a user-facing bridge), the Wormhole SDK, Queries for secure cross-chain data access, Intents to improve UX for cross-chain actions, and MultiGov to coordinate multichain governance. Wormhole’s NTT standard allows the same token supply to be represented across Solana (SPL) and EVM chains (ERC-20), reducing fragmentation and enabling institutional-grade, multi-chain tokenization.\n\nIn practice Wormhole supports a broad set of integrations and use cases. The protocol has been linked to >40 chains and claims to have processed significant value and message volume across its history, making it attractive for DeFi primitives that require low-latency cross-chain transfers and for institutions seeking multichain asset issuance and treasury management. The W token, introduced in April 2024, functions as a native multichain governance and utility token that can be staked for governance via the Tally portal and used for fee/revenue distribution models in the protocol. Liquidity and market presence are visible across major analytics platforms and several centralized and decentralized exchanges, and the token exists in chain-specific instances (SPL on Solana, ERC-20 on Ethereum and EVM-compatible L2s).\n\nTokenomics and governance information in the provided sources is partial: CoinMarketCap snapshots identify a max supply of 10,000,000,000 W and a circulating supply snapshot of ~5.11B W; formal premine, PIP, or detailed early distribution percentages were not documented in the provided files. Governance has been framed as on-chain, token-based voting with MultiGov and Tally integrations, and the organizational footprint includes a Wormhole Foundation and several contributor organizations (Wormhole Labs, Asymmetric Research, xLabs). Roadmap items emphasized in source materials include a ZK roadmap announced in 2024, ongoing expansion of chain support, staking-for-governance rollouts, and continued work on developer tooling. Overall, Wormhole is presented as a mature interoperability stack focused on secure, low-cost cross-chain primitives and enterprise-grade tokenization, while some detailed distribution and legal-status fields remain unresolved in the available dataset.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "Multichain"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 9,
    "governance": 25,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}