Wormhole launched today its native W token on Ethereum Virtual Machine-compatible blockchains, such as Ethereum, Arbitrum, Optimism, and Base, according to a blog post. This development is facilitated by Wormhole Native Token Transfers (NTT), allowing users to transfer W tokens across these different chains, on top of Solana.The recent launch marks the completion of the second phase of the W token’s rollout plan, setting the stage for the introduction of MultiGov, a multichain governance system built around W staking for voting power.
Moreover, the token grew nearly 20% in the last hour and reached $0,66, according to data aggregator CoinGecko. However, this is still 40% below the token’s opening price on April 3, when Wormhole distributed 617 million W to users who interacted with the platform. ]