Will Wormhole's $225 Million Investment Overcome Challenges for Cross-Chain Success? đ
#Wormhole , a cross-chain protocol, attained a $3.8 billion peak total value locked and secured a $225-million investment led by notable firms like Brevan Howard and Coinbase Ventures.
This investment follows the launch of Wormhole Labs, focusing on enhancing #cross-chain activity. Despite processing $35 billion in transactions, the protocol faced a $321-million hack in February 2022, resolved with a pledge from Jump Crypto.
#Legal allegations involving Jump Trading's manipulation of TerraUSD's price continue, raising questions about Wormhole's stability despite its significant investment.
