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Wormhole token soars 20% in 24 hour trading after Upbit listing

South Korean cryptocurrency exchange Upbit's announcement that it has listed Wormhole's (W) token for trading on several markets caused the token's price to rise by over 20%. The W token is now trading at $0.38, up from its previous price of $0.32, with a market cap of $935 million and a total value locked of $3.2 billion. Wormhole, a message passing protocol that connects different blockchains, has been listed on various exchanges and recently launched Era3 to enhance cross-chain interoperability. The protocol also introduced a governance staking feature for W token holders, promoting decentralized decision-making.

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