Wormhole Foundation has expanded its token transfer infrastructure to the Sui Network, enhancing cross-chain liquidity and laying a foundation for ecosystem growth.
Enhanced Cross-Chain Liquidity
Wormhole Foundation has integrated its Native Token Transfer mechanism into the Sui Network. This improvement is aimed at facilitating cross-chain liquidity flows, reinforcing momentum in DeFi ecosystems. With this foundation, Sui is set to attract new liquidity and native assets.
Collaborative Efforts and Integration
Wormhole, in collaboration with Momentum and OKX Wallet, is focusing on facilitating cross-chain liquidity. The introduction of the NTT framework will allow the bridging of tokens like GateToken, MEXC Token, and Bonk into Sui. This integration is expected to lead to a significant increase in Total Value Locked.
Strategic Partnerships
The Sui Network is set to observe a significant increase in Total Value Locked, as the integration strengthens its standing as a hub for cross-chain DeFi activities. Existing partners, including Momentum, are working on liquidity provisioning through strategic collaborations. The adoption of the NTT mechanism builds upon previous experiences with entities such as Sky and Polygon, showcasing improved cross-chain functionalities that also enhance governance and staking opportunities.
The synergy between Wormhole and Sui continues to advance DeFi, improving cross-chain interoperability and confirming the potential for future growth in this area.
