W token
Overview
W is the native token of the Wormhole protocol, a cross-chain messaging bridge that enables interoperability between blockchains. It is used for governance voting and staking within the Wormhole ecosystem.
Within the DeFi Intel graph, W connects to 10 tracked entities, most strongly to Portal, Wormhole Foundation (2023 spinout), Wormhole Foundation.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 10 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Portal | 95% |
issued_by | Wormhole Foundation (2023 spinout) | 95% |
issued_by | Wormhole Foundation | 95% |
governs | Wormhole Foundation | 95% |
issued_by | Wormhole | 90% |
governs | Wormhole | 90% |
supports_token | Wormhole | 90% |
valuation_metric | Wormhole W TGE FDV | 90% |
deployed_on | Solana | 85% |
supports_token | Wormhole | 85% |
Frequently asked questions
What is W?
W is the governance and utility token for the Wormhole cross-chain messaging protocol.
What is the utility of W?
W is used for governance voting on protocol upgrades and for staking to secure the Wormhole network.
How does W achieve cross-chain functionality?
W itself is a standard token on multiple blockchains, but its value and governance are tied to the Wormhole protocol, which uses a network of guardians to verify cross-chain messages.
What is W connected to?
In the DeFi Intel knowledge graph, W is linked to 10 other tracked entities, most strongly to Portal, Wormhole Foundation (2023 spinout), Wormhole Foundation.
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