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Wormhole’s Portal Now Supports WIF and SOL Token Transfers to Arbitrum

Twitter icon  •  Published 4 months ago on August 13, 2024  •  Hassan Maishera

The Wormhole team announced via X on Monday that its Portal now supports WIF and SOL token transfers to Arbitrum, enabling expanded trading options on GMX.

Wormhole’s Portal Now Supports WIF and SOL Token Transfers to Arbitrum

The Wormhole team announced via X on Monday that its Portal now supports WIF and SOL token transfers to Arbitrum, enabling expanded trading options on GMX. This integration facilitates efficient multichain token transfers, enhancing liquidity and trading capabilities across networks.

With healthy asset-backed markets bootstrapped, GMX users can now trade SOL and WIF on margin as well as spot, the team added.

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 $0.2162, up 1% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.