Wormhole announces native W token launch on multiple chains, enabling cross-chain transfers

According to Odaily Planet Daily, Wormhole announced that the native W token has been launched on Solana, Ethereum, Arbitrum, Optimism, and Base, and cross-chain transfers are achieved through Wormhole Native Token Transfer (NTT). NTT can seamlessly transfer W on Solana, Ethereum mainnet, and EVM L2, avoiding liquidity fragmentation or the complexity of liquidity pools, while retaining the unique practicality of W in the Wormhole ecosystem. On Solana, W is an SPL token and on the EVM chain it is an ERC20 token. This launch marks the completion of the second phase of the W release roadmap. In the future, W will launch the industry's first multi-chain governance system MultiGov and launch W's governance staking function. These advances lay the foundation for future token functions that are only possible with NTT and native multi-chain tokens.