Sell or hold? Data reveals the correct approach to the Wormhole token airdrop
Written by: zeXiaobai Navigationrokn0wledge
Compiled by: Xiaobai Navigation coderworld
recently,WormholeThe successful launch of $W is absolutely huge. With a $10 billion FDV, it is the largest interoperability protocol in the market today.
So should you sell your $W airdrop? Or hold on? We can dig deeper into the data to find the answer to this critical question.
It is important to understandWormholeIt's not a bridge, I've talked about this before,Click here to learn more.
AsEmperor OsmoAs mentioned, the narrative here is simple:
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newToken
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Well-Executed Airdrop
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Ecosystem Airdrop Coming Soon
The above three factors may become the driving factors for the increase in W prices.
Wormhole is a leading interoperability provider, particularly in the non-EVM space.The chain with the most value bridged by Wormhole is Ethereum. The main target chains are Sui and Solana.
The situation is similar when viewed from another angle: Ethereum is the network with the most assets bridged via Wormhole.
The main contributors are again Sui and Solana.
If we look at the number of transactions, the picture is slightly different. Solana is the chain with the most Wormhole transactions, with most of them going toBNB Chain, Ethereum, and Arbitrum.
Solana is also the dominant chain for inbound Wormhole transactions. The largest share comes from BNB chain and Ethereum.
This shows that SOL is very popular among retail users. On the other hand, the low volume and high transaction value on Sui indicate the activity of whales.
It also demonstrates Wormhole’s strong position in the non-EVM space and in the chain that will be at the center of this cycle.
As modularity continues to expand, users and liquidity are fragmented across more and more (alternative virtual machine) execution layers, which is a bullish trend.
Wormhole’s leading position in the entire interoperability field is also strongly demonstrated in the data, with more than 1 billion cross-chain messages sent and verified through the protocol, and the value bridged exceeding US$41 billion.
But where does all this activity come from? Or more importantly, who will airdrop it to me if I stake W? (More on this later)
Let me give you a quick introduction to the Wormhole ecosystem.
Multi-chain lending
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@Curvance(Coins not yet issued)
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@PikeFinance(Coins not yet issued)
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@MayanFinance(Coins not yet issued)
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@FolksFinance(Coins not yet issued)
Multi-chain DEX
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@CatalystAMM(Coins not yet issued)
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@Backpack(Also awallet, the currency has not yet been issued)
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@infinex_app(Coins not yet issued)
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@C3protocol(Coins not yet issued)
Cross-chain bridge
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@portalbridge_(Coins not yet issued)
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@0xcarrier(Coins not yet issued)
Oracle
Liquidity Mining
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@superformxyz(Coins not yet issued)
L1 chains (only a few head chains out of more than 30)
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@monad_xyz(Coins not yet issued)
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@berachain(Coins not yet issued)
That’s not all, the Wormhole ecosystem is going to be huge.
Once $W staking goes live (which has been confirmed in Discord) and this airdrop narrative gains traction, things will get crazy.
Meanwhile, the Wormhole team has been working tirelessly to expand its support for the chain and develop cutting-edge technologies such as nativeTokenTrust-minimized message authentication in transit or supported by ZK.
All of the above are very bullish for W. Now, let’s answer the original question: do you still want to sell your W?
The article comes from the Internet:Sell or hold? Data reveals the correct approach to the Wormhole token airdrop
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