Wormhole
W
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
Overall Evaluation of Wormhole (W)
Wormhole benefits from active development (8/10) with sustained commits, frequent releases, and thorough security audits post-exploit. The community is engaged across Twitter, Discord, Reddit and grassroots tooling efforts (7/10), though occasional security concerns linger. Its tokenomics feature a fixed 10 billion supply and clear vesting schedules (7/10), but large insider allocations and guardian concentration pose medium-term sell-pressure risks.
On the market front (7/10), Wormhole ranks among the top 3 bridges by TVL (~$1 B+), serving a clear interoperability need, yet faces fierce competition from LayerZero, Axelar and IBC protocols. The team and governance (7/10) are reputable, though the guardian network remains somewhat centralized. Past security breaches have led to enhanced audits, multisig HSMs, and an active bug bounty (7/10), improving resilience but warranting a moderate risk buffer.
Conclusion: Wormhole delivers compelling cross-chain capabilities with strong development and on-chain governance. However, centralization vectors, competitive pressure, and large vested allocations temper its upside. Investors seeking exposure to interoperability should consider W as a medium-risk position with solid upside potential.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wormhole (W)
Wormhole (W)
Symbol: W
Token Name: Wormhole
Wormhole is a decentralized cross-chain messaging protocol and blockchain interoperability network. The native W token powers governance, fee settlement, and staking across major chains—Ethereum, Solana, BNB Chain, Avalanche, Polygon, Fantom, and more.
Key Features
- Cross-Chain Bridge: Secure asset transfers and data messaging between heterogeneous blockchains.
- Governance: W token holders propose and vote on protocol upgrades, parameters, and ecosystem grants.
- Utility: Settle transaction fees for bridging services and network operations.
- Staking & Security: Stake W to secure the Wormhole guardian network and earn rewards.
Use Cases
- Stake & Earn: Delegate W to guardians for network security and yield incentives.
- Protocol Governance: Submit and vote on Wormhole Improvement Proposals (WIPs).
- Fee Settlement: Pay bridge fees and access premium messaging features.
For detailed tokenomics, distribution schedules, smart contract audits, and developer resources, visit the official Wormhole documentation and whitepaper.
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