Wormhole is a cryptocurrency identified by the symbol W, designed to facilitate cross-chain asset transfers and enhance interoperability between different blockchain networks.

What are the risks associated with transferring Wormhole?

Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and be aware of custody risks associated with self-custody.

How can I verify the acquisition of Wormhole?

Ensure you verify the asset name, network, and contract details before any transfer, and confirm the destination address and network.

Where can I find official resources for Wormhole?

Official resources for Wormhole can be found on their website at https://wormhole.com and their GitHub repository at https://github.com/wormhole-foundation/wormhole.

Wormhole (W)

Rank #317

Market snapshot

Price: $0.00871047
Market cap: $55.1M
24h volume: $89.8M
Circulating supply: 6,320,689,375
Total supply: 10,000,000,000
Max supply: 10,000,000,000

What is Wormhole?

Wormhole serves as a cross-chain messaging protocol that facilitates the transfer of assets and information between different blockchain networks. It aims to enhance interoperability across various platforms, allowing users to move assets seamlessly between ecosystems like Ethereum and Solana.

Key information

Symbol: W
CMC rank: #317
Network / platforms: Arbitrum, Base, Ethereum, Optimism
Categories: N/A
Date added: Mar 29, 2024

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0xB0fFa8000886e57F86dd5264b9582b2Ad87b2b91
Base
0xB0fFa8000886e57F86dd5264b9582b2Ad87b2b91
Ethereum
0xB0fFa8000886e57F86dd5264b9582b2Ad87b2b91

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Wormhole?: Wormhole is a cryptocurrency identified by the symbol W, designed to facilitate cross-chain asset transfers and enhance interoperability between different blockchain networks.
What are the risks associated with transferring Wormhole?: Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets, and be aware of custody risks associated with self-custody.
How can I verify the acquisition of Wormhole?: Ensure you verify the asset name, network, and contract details before any transfer, and confirm the destination address and network.
Where can I find official resources for Wormhole?: Official resources for Wormhole can be found on their website at https://wormhole.com and their GitHub repository at https://github.com/wormhole-foundation/wormhole.

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