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Cryptocurrency Market Overview: The overall market capitalization of cryptocurrencies worldwide has increased by 1.75% in the last day to reach $2.3 trillion, indicating that the market is still on the rise. The 24-hour volume increased 31.14% due to increased trading activity, reaching $89.75 billion.
Sky, a decentralized finance protocol rebranded from MakerDAO, is set to utilize Wormhole's technology to bring its native tokens to Solana, enhancing its multichain capabilities.
Sky, formerly known as MakerDAO, plans to launch its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, Sky's founder, announced the move during the ongoing Solana Breakpoint conference on Sept.
Blockchain interoperability protocol Wormhole has successfully paved the way for World IDs on the Solana blockchain. Solana builders and developers will have the capacity to integrate World ID on Solana-based protocols.
Worldcoin announced that the Wormhole interoperability platform has expanded its World ID feature to the Solana blockchain, according to a Sept. 13 statement.
Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.
TL;DR Wormhole has integrated World ID with the Solana blockchain, allowing Solana developers to access identity verification features. World ID, which has been subject to audits due to its controversial nature, is used to confirm the authenticity and humanity of users, helping to identify real people.
Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant.
Wormhole contributors have completed the work of making it possible to build Solana apps that integrate World IDs.
This is a significant move because it opens up new opportunities for developers on Solana, allowing them to use World ID's unique verification system. World ID is a special tool that helps prove whether someone is a real person.
Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.
REZ's initial liquidity will be provided on Solana's major AMMS, and the token will be integrated with the blockchain's lending protocols.
The cryptocurrency market is experiencing a seismic shift, with Ethereum (ETH) leading a broader market downturn. As investors grapple with plummeting prices and increased volatility, two projects, Wormhole (W) and Algotech (ALGT), have emerged as unexpected beacons of stability.
As August approaches, notable token unlock events are expected to impact the market. BeInCrypto has highlighted the top five unlocks that could influence market dynamics.
Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.
This development addresses the longstanding challenges associated with transferring USDT between different chains. It has often been slow, expensive, and reliant on wrapped tokens that introduce additional risks.
Wormhole introduces native USDT transfers on Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche, leveraging Uniswap v3 and PancakeSwap pools.
Worldcoin announced the selection of 17 grantees for Wave1 of its Community Grants Program aimed at empowering Wormhole and other passionate cross-chain protocol builders. Wormhole expressed their excitement about being part of the Worldcoin Tech Tree that would oversee the advancement of Secure Multi-party Computation (SMPC).
Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.
The Worldcoin Foundation announced a $70,000 grant to Wormhole to support WorldID verification on the Solana blockchain. In a June 27 statement, Worldcoin said the ID integration effort will “equip the Solana ecosystem with a much-needed tool” for proving humanness.
Wormhole has obtained a grant from the Worldcoin Foundation to bring the World ID onto the Solana blockchain. This integration seeks to improve user identification procedures in the blockchain networks through the use of Worldcoin's decentralized identity solution.
Wormhole now supports Mantle Network, an innovative Ethereum Layer 2 solution, offering high performance and low-cost EVM environment.
Binance Futures has updated the leverage and margin tiers for FETUSDT, ENAUSDT, IOUSDT, ARUSDT, and WUSDT USDⓈ-M Perpetual Contracts.
With the ongoing crypto market fall, many cryptocurrencies have declined today, losing days of their gains. It is the outcome of the political and economic factors affecting this industry, but it's more of a correction that can shift to the previous bullish conditions.
