Solana witnesses Wormhole’s roadmap for the introduction of W token
Wormhole, the cross-chain messaging protocol, has released a roadmap for its native token, W. The goal is to enhance its usability across multiple blockchain ecosystems. The first phase of the rollout will introduce W as a native SPL token on the Solana network.
After its debut on Solana, the second phase will commence, expanding W’s presence to all Wormhole-connected chains with support for the Ethereum Virtual Machine (EVM). This will be made possible through Wormhole Native Token Transfers (NTT), a framework that facilitates token transfers across blockchains without the need for liquidity pools. As a result, W transfers will be possible on Solana, Ethereum mainnet, and various layer-2 solutions without any fragmentation in liquidity.
To prepare for on-chain governance, W holders will have the opportunity to lock and delegate their tokens on both Solana and EVM chains. This token delegation is crucial for the governance of the Wormhole DAO, a multichain governance system responsible for overseeing the development of the Wormhole ecosystem. However, the project team has not provided a specific timeline for each phase, leaving the arrival of the Wormhole DAO uncertain.
As previously reported, several cryptocurrency exchanges, including Bitget, OKX, and Backpack, have announced their plans to list the W token for spot trading once the airdrop claim becomes available to eligible users. In total, Wormhole has allocated 6.17% (617,305,000) of the W supply among 397,704 wallets eligible for airdrop participation.
