Wormhole is entering a phase of comprehensive “reconstruction”. Immediately after the announcement of the W 2.0 tokenomics update, the price of W jumped nearly 18%.
Wormhole announces W 2.0 tokenomics, W price jumps 18%. Photo: Wormhole
Focus
Wormhole Reserve: Treasury reserves from on-chain & off-chain revenue, become “long-term holders” to protect W value.
Base Yield 4%: Staking rewards from real revenue, no inflation, total supply remains 10 billion Token.
Portal point: Wormhole Portal users accumulate points to increase Staking interest, and participate in protocol governance.
New Unlock: Starting from October 3, 2025, unlock every 2 weeks instead of yearly.
Treasury W
- Wormhole (W) - the leading blockchain bridge protocol - has just announced the Tokenomics W 2.0 update , with a series of strategic changes to strengthen the long-term value of the W Token , increase benefits for investors and reduce supply pressure in the market.
🟣 🟣 Wormhole is announcing the next major chapter for the $W Token with the release of upgraded W 2.0 Tokenomics, including:
— Wormhole (@wormhole) September 17, 2025
- The Wormhole Reserve
- 4% Base Yield on W
- Unlock Optimization
Read more ⤵️ pic.twitter.com/p8rApBeees
- The first highlight is the launch of Wormhole Reserve - a treasury reserve formed from on-chain and off-chain revenue.
- This fund will accumulate and lock ecosystem revenue, thereby protecting and supporting the long-term value of W. Revenue comes from multiple areas, including the Wormhole protocol, the cross-chain Wormhole Portal, and other applications built on Wormhole.
- In general, the treasury will act as a “permanent holder”, meaning holding Token for the long term instead of Dump to the market.
Yield is linked to real growth
The tokenomics update also expands profit opportunities for investors. Accordingly:
W holders will receive yield (interest) when participating in governance voting and using applications in the ecosystem.
Staking continues to yield volatile rewards, but interest rates will be higher for active users.
Users of the Wormhole Portal - a Multi-Chain bridge connecting Ethereum, Cosmos, Solana and many other networks - will earn points, which in turn help increase Staking interest.
Wormhole targets a 4% base interest rate for the W Token , with profits coming from a combination of existing supply and protocol revenue.
New unlock schedule
- Another important change is that from October 3, 2025 , Wormhole will replace the annual cliff mechanism (unlocking a large amount of Token per year) with a periodic unlock every 2 weeks with a smaller amount, helping to reduce the pressure of selling on the market. The new unlock period will last about 4.5 years for the relevant groups, instead of "Dump" once a year.
- The new unlock schedule will apply to:
Guardian node
Community investors
Strategic partners
- Meanwhile, Wormhole Foundation still maintains the 4-year unlock schedule, core contributor Token continue to be locked under the security contract.
- According to the Wormhole team, the old Token distribution schedule (from 2021) is outdated, while the new schedule is "modernized" to increase stability, strengthen long-term engagement and increase investor confidence.
- Total supply remains at 10 billion W, of which the majority (82%) is locked. Based on the tokenomics announced in February 2024, the project reserves over 1.7 billion W for the community and only immediately unlocks 11% of the Airdrop for the community.
- Currently, less than half of the total supply (about 4.7 billion W) is circulating on the market. The price of W has increased by nearly 18% following the news and is trading around $0.1 at the time of writing.
W price movement over time, CoinGecko screenshot at 10:50 AM on 08/17/2025
- Wormhole recently attracted attention when it jumped into the race to acquire Stargate Finance , competing directly with LayerZero. Wormhole proposed to buy Stargate for 120 million USDC , higher than LayerZero's offer (110 million USD). Wormhole believes Stargate is undervalued and wants to bring a better deal to STG holder , and at the same time suggested postponing the LayerZero proposal vote so they can make a better offer.
- If the merger is successful, Stargate with its large liquidation system and Wormhole's strong Multi-Chain network can form a new powerful cross-chain duo, significantly increasing its competitive strength as well as the ability to profit from fees & revenue on cross- chain transactions.
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