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Wormhole permits customers to switch tokens between completely different blockchains, corresponding to Ethereum, Solana, Terra and others. The token was among the many most anticipated this 12 months as a result of Wormhole remained one of many few main protocols that didn’t provide a token. The W worth has dropped nearly 30% previously 24 hours, CoinGecko knowledge reveals. The CoinDesk 20 Index, a measure of the broader crypto market, has misplaced 1.24%.
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