In a recent tweet, Dan Reecer, co-founder of the Wormhole Foundation, highlighted how Wormhole, powered by the $W token, is revolutionizing the way traditional finance (often called TradFi) connects with the crypto economy. He compares it to SWIFT, the global messaging network that banks use to securely send payment instructions. Just like SWIFT doesn't actually move money but facilitates the instructions for transfers, Wormhole acts as a secure messaging layer for cross-chain transactions in crypto.

This analogy makes sense because Wormhole enables the movement of assets, data, and messages across different blockchains without the need for centralized intermediaries. It's all about interoperability—making sure that blockchains that weren't designed to talk to each other can do so efficiently and securely.

Reecer breaks down the adoption into several key categories, showing just how widespread Wormhole's integration has become.

Governments Embracing Wormhole

Even governments are getting on board. For instance, the United States Department of Commerce uses Wormhole via Pyth Network to bring on-chain economic data. This means real-world data from official sources is now accessible across blockchains, powering decentralized applications (dApps) with reliable information.

Institutions Relying on Wormhole

Major financial players are exclusively using Wormhole for their interoperability needs. This includes heavyweights like:

• BlackRock's $BUIDL
• Apollo Global's $ACRED
• VanEck's $VBILL
• Hamilton Lane's $SCOPE
• Funds from Securitize
• Janus Henderson
• Mercado Bitcoin
• Centrifuge

These institutions are tokenizing real-world assets (RWAs) and moving them across chains, blending TradFi with DeFi (decentralized finance).

Stablecoins Powered by Wormhole

Stablecoins, which are cryptocurrencies pegged to stable assets like the US dollar, are a big part of the crypto economy. Wormhole supports major ones such as:

• USDC
• USDT
• M0
• AUSD
• Mento Labs
• Sky Ecosystem's USDS and DAI
• Transfero's BRZ
• And many others

This allows users to transfer stable value seamlessly between blockchains, reducing friction in global payments.

Assets Crossing Chains via Wormhole

Beyond stablecoins, a wide array of assets use Wormhole, including:

• $SOL from Solana
• $DOGE
• $WETH (wrapped Ether)
• $BTC variants like WBTC and tBTC
• $wstETH
• $SKY
• $POL
• $jitoSOL
• And thousands more

This cross-chain capability is crucial for liquidity and accessibility in the fragmented blockchain landscape.

Data Oracles and Digital ID

For real-time data feeds and verification:

• Pyth Network
• RedStone
• Worldcoin's World ID, backed by Sam Altman

These oracles provide price data and other info across chains, while digital IDs ensure secure identity verification in a multichain world.

Blockchains Integrated with Wormhole

Wormhole connects over 35 blockchains, including:

• Solana
• Ethereum
• Base
• Sui Network
• Upcoming ones like Fogo Chain and Monad

With $65 billion in all-time volume and counting, Wormhole is handling massive scale, proving its robustness.

The tweet also sparked some discussion in the replies. For example, when asked about XRP being the "SWIFT of crypto," Reecer clarified that XRP is more of a token, while Wormhole is the messaging infrastructure. He pointed out the partnership between Wormhole and Ripple to enhance the XRP Ledger's interoperability.

Overall, the future looks promising for Wormhole and $W. As more traditional institutions enter the crypto space, tools like Wormhole will be key to building a unified, efficient new internet economy. Stay tuned for more developments—there's a lot more on the horizon.