- Wormhole (W) jumped 20%, increasing from $0.2787 to $0.3959 after being listed on Upbit.
- Wormhole’s total value locked (TVL) reached $3.2 billion.
While the global crypto market is facing downtrend, Wormhole (W) token displayed a significant 20% increase in value after South Korea’s leading cryptocurrency exchange, Upbit, announced its listing for trading. The token is now available in trading pairs with the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), attracting attention from the crypto community.
As per the latest data from CoinMarketCap, the price of Wormhole token soared to $0.3959, climbing from $0.2787. This surge was triggered by a rise in daily trading volume, which jumped over 742%, reaching $495 million. The token marked its presence significantly with a market cap of $949 million and a total value locked of $3.2 billion.
Wormhole’s Ecosystem Growth and Era3 Launch
Upbit’s announcement, made on October 2 at 18:00 UTC+8, also included some trading guidelines. The exchange will allow selling at prices that are within 10% of the previous day’s closing value. Additionally, there will be a temporary restriction of about five minutes on these orders after trading begins.
Wormhole originally launched its W token on the Solana network. Since then, it has expanded its availability across various exchanges, including major platforms like Binance and Kraken.
In addition to this listing, Wormhole recently introduced Era3, which plans to enhance cross-chain interoperability. This update set to simplify interactions among apps, tokens, networks, and financial institutions. That will pave the way for a more interconnected crypto ecosystem. According to their official site, Wormhole’s Era3 represents a significant step forward in bridging the gap between traditional finance and the blockchain world.
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