Wormhole Labs – the developer of the cross-chain protocol Wormhole – has just announced the launch of Sunrise, a next-generation liquidation gateway designed specifically for the Solana ecosystem. This is XEM a “standardized route” for assets from other blockchains to enter Solana with liquidation available from day one.
According to Wormhole Labs, Sunrise provides a unified interface that allows users to bring Token from the native chain to Solana and immediately access major DeFi platforms. Notably, Sunrise was built to solve the problem of Shard liquidation – a problem that almost every bridge faces when supporting newly listed assets. With Sunrise, any new onchain asset that lands on Solana can be traded immediately on major platforms like Jupiter or fully displayed on the Helius Orb explorer.
Sunrise’s first deployment will support MON – Layer-1 Monad’s flagship Token – which is expected to open for trading tomorrow. This is considered an important test for Sunrise, especially in the context of Monad’s big splash when it raised $225 million in early 2024 and attracted strong attention from the developer community.
Solana 'Solana vision is to become the core infrastructure for internet Capital markets, where users can interact with all types of assets, including those that did not originate on Solana. Sunrise plays an important Vai in creating a seamless asset onboarding route with deep liquidation as soon as the Token is launched, said a representative of the Solana Foundation.
Sunrise’s arrival comes amid an increasingly heated race for high-speed blockchain connectivity. While Solana volume have consistently surpassed Ethereum in recent quarters, the bridge experience remains a barrier for the average user due to the plethora of bridge options, wrapped assets, and limited liquidation . Sunrise aims to standardize the “front door” that users use to bring assets into Solana.
The platform is powered by Wormhole’s Native Token Transfers (NTT) architecture – a technology that allows assets to maintain full functionality and cross- chain fungibility without relying on traditional liquidation pools that are vulnerable to hacks or slippage. Wormhole Labs CEO Saeed Badreg emphasized that Sunrise creates instant liquidation access for any asset at the time of TGE and MON is just the beginning.
