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Developers
Ecosystem
03 Dec 2021
•4 min read
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Welcome to our monthly newsletter where we share what’s been happening at Wormhole Network over the past month! For those who’ve missed our first instalment of the newsletter, check it out here where we recap October 2021 — liquid markets for Wormhole assets, milestones, and more.
November
Quick overview of exciting announcements we’ve had during November:
FTX allows withdrawals/deposits of Wormhole wrapped assets
FTX now allows users to directly withdraw and deposit select Wormhole wrapped assets such as whETH, whFTT, whUBXT, whLINK, whSXP, whYFI, whSUSHI, whALEPH, whCREAM, whUNI, whFRONT, whAKRO, whMATH & whHXRO! This is the first time FTX has enabled withdrawals and deposits for tokens wrapped by a decentralised bridge. Check out the tutorial!
Polygon now supported on Wormhole Network
Another exciting chain has joined the Wormhole Network! Users can now send tokens and NFTs to/from Polygon and supported chains, allowing more access to DeFi playgrounds and markets. There are selected liquid markets for Wormhole wrapped tokens available on Quickswap, allowing users to seamlessly wormhole their token to and from Polygon! Try to wormhole some tokens!
Wormhole gaining adoption with more than 200M+ added to TVL in one month!
Another huge TVL milestone! Wormhole token bridge TVL has now reached over $700M+ 🚀 With additional support from Polygon and more liquid markets, users can now wormhole more tokens than before. Stats like TVL, NFTs bridged and transaction count can be viewed here. Detailed information about transactions, messages and recent activity can be viewed here.
Tons of liquidity!
UST gains momentum into AAVE community
Wormhole has submitted a governance proposal for adding support for UST on AAVE as there is sufficient borrowing/lending demand given there are a variety of existing use cases. UST was initially rejected by AAVE governance twice in 2021 over concerns about the way the token was sent cross-chain via their centralized Shuttle bridge. Momentum looks positive for acceptance after Terra’s adoption of Wormhole’s trust minimized solution. Read more about the proposal here and leave a comment if you would like it to be supported!
Wormhole’s latest feature allows users to check what token they’ll receive on a target chain as well as finding the origin source information of their wrapped token! Check out our video tutorial here.
Projects leveraging Wormhole’s generic cross messaging solution are rapidly expanding! We’re seeing cross chain NFT market places (Tiexo), NFT fractionalization (Bridgesplit), relayers, games, cross chain atomic swaps and more leveraging wormhole!
If you’re keen to build on Wormhole’s generic message passing protocol or integrate Wormhole within your dAPP, check out our updated documentation and SDK! If you have an idea and want to jam with the Wormhole team, DM!
We’ve created some more tutorials and videos on how to best Wormhole!
We’re amazed by the support from the Wormhole community. With over 23K Twitter followers, 4.8K Discord members and 2100+ Telegram members, thank you all for being a part of our community!
That’s the end of our November newsletter. Don’t forget to join our community and keep up to date with our up and coming announcements. We’re always happy to hear your feedback, join our discord and drop us a comment!
Twitter: https://twitter.com/wormholecrypto
Discord: discord.gg/wormholecrypto
Medium: wormholecrypto.medium.com
Telegram: https://t.me/wormholecrypto
Website: http://wormholenetwork.com/
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