Wormhole protocol
Overview
Wormhole is a cross-chain bridge protocol that enables the transfer of tokens and data between multiple blockchains. It uses a network of validators known as guardians to verify and relay messages across supported networks. Wormhole is primarily used for asset bridging and general message passing in decentralized finance (DeFi) and cross-chain applications.
Within the DeFi Intel graph, Wormhole connects to 34 tracked entities, most strongly to Solana, Ethereum, Jump Crypto.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 34 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 95% |
supports_chains | Ethereum | 95% |
spun_out_of | Jump Crypto | 95% |
governs | Wormhole Foundation | 95% |
reimbursed_by | Jump Trading Group | 95% |
raised | Wormhole $225M token-warrant raise | 95% |
integrates | Sui | 95% |
contributes_to | Wormhole Labs | 95% |
In-depth guides on Wormhole
Frequently asked questions
What is Wormhole?
Wormhole is a generic cross-chain messaging protocol that allows different blockchains to communicate and transfer assets or data. It supports major networks such as Ethereum, Solana, BNB Chain, and others.
How does Wormhole work under the hood?
Wormhole relies on a set of off-chain validators called guardians who observe events on source chains, sign attestations, and submit them to target chains. Once a sufficient number of guardians agree, the message is executed, enabling trustless bridging.
Has Wormhole experienced any security incidents?
Yes, in February 2022, Wormhole suffered a major exploit where an attacker minted 120,000 wETH on Solana due to a smart contract vulnerability. The funds were later restored by the Wormhole team and its backers.
What is Wormhole connected to?
In the DeFi Intel knowledge graph, Wormhole is linked to 34 other tracked entities, most strongly to Solana, Ethereum, Jump Crypto.
Sources
- Wormhole — official site
- Halborn — Explained: the Wormhole hack (Feb 2022, ~$326M, Jump replenished)
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