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 <li><strong>A cross-chain protocol, Wormhole, raised $225 million, valued at $2.5 billion.</strong></li>
 <li><strong>New Wormhole Labs is emerging to advance cross-chain development.</strong></li>
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<p>Wormhole, the pioneering cross-chain protocol, has secured a substantial $225 million investment, catapulting its valuation to an impressive $2.5 billion. This significant funding round was <a href="https://thenewscrypto.com/leading-crypto-teams-and-institutional-investors-team-up-to-launch-a-50m-cross-chain-ecosystem-fund-powered-by-wormhole/" target="_blank" rel="noopener noreferrer nofollow">spearheaded</a> by prominent entities including Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington Capital.</p>
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  <p lang="en" dir="ltr">Wormhole has secured $225 million in funding. Read more here:<a href="https://t.co/qRL109mNVg" rel="noopener noreferrer nofollow">https://t.co/qRL109mNVg</a> <a href="https://t.co/JCnQAK8xSv" rel="noopener noreferrer nofollow">pic.twitter.com/JCnQAK8xSv</a></p>— Wormhole <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f32a.png" alt="🌪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@wormholecrypto) <a href="https://twitter.com/wormholecrypto/status/1729869578963222945?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2023</a>
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<p>Wormhole was established in 2021 and emerged as a leading developer platform, facilitating seamless communication between diverse blockchain networks. Further, the protocol has played a pivotal role in enabling over $35 billion in transactions, showcasing its strong infrastructure and growing influence in blockchain.</p>
<p>Wormhole’s <a href="https://thenewscrypto.com/wormhole-connect-launches-to-simplify-cross-chain-interoperability-for-application-developers/" target="_blank" rel="noopener noreferrer nofollow">developers assert</a> that the protocol stands at the forefront of cross-chain interoperability. That processing a volume of over 2 million messages daily and spanning over 30 blockchain networks.&nbsp;</p>
<p>In addition to securing a $225 million investment, cross-chain protocol has introduced Wormhole Labs. This newly revealed entity, emerging from stealth mode. That set to advance the products and tools that support cross-chain development and ongoing projects, shaping the protocol’s innovative future.</p>
<p>Wormhole continues to solidify its position as a key player in the cross-chain protocol space. Further, the latest injection of funds and the establishment of Wormhole Labs signal a new phase of growth and development for the protocol.</p>

Wormhole Signals Big Moves in Cross-Chain Expansion

TheNewsCrypto

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