Hassan Maishera
On Wednesday, the Wormhole team announced via X that it has launched Wormhole Settlement, a next-generation suite of intents protocols enabling fast, multichain transfers for institutional-scale volume.
Built on Solana, this feature is powered by Wormhole and Mayan Finance. By integrating Wormhole Settlement, developers can now enable users to go from any asset to any asset across any chain at an institutional scale, with high reliability and full composability.
Wormhole Settlement consists of three complementary protocols: Liquidity Layer, an institutional-grade intents protocol built on Solana. The second part is Mayan Swift, an onchain auction intents protocol optimized for speed, while the third one is MCTP, a protocol composed on top of Circle’s CCTP for added composability
Swift offers the fastest transfer speeds, while the Liquidity Layer offers a "medium speed" faster-than-finality option without the downtime often caused by lack of liquidity in previous intents protocols.
Wormhole Settlement will power intents-based transfers for both DeFi and Fintech, with the ability to facilitate institutional-level flows.
Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.1446, up 4% in the last 24 hours.
