by Wormhole
Quick Fact
Wormhole has bridged over $9 billion in assets across different blockchains and facilitated more than 21 million cross-chain transactions.
Wormhole's Native Token Transfers (NTT) is a framework designed to enable seamless and secure token transfers across multiple blockchains while preserving the token's native properties and functionalities. This approach eliminates the need for liquidity pools, reducing fees and risks associated with slippage and MEV (Miner Extractable Value).
NTT ensures that tokens maintain their inherent properties on each chain, providing a consistent multichain experience without needing liquidity pools, thus avoiding associated fees, slippage, and Miner Extractable Value (MEV) risks. Projects retain complete control over their tokens' behavior, including ownership, upgrade authority, and customization. The framework supports integration with any token standard, contract, or governance process, enabling flexibility and adaptability for various applications.
NTT is backed by Wormhole's proven security infrastructure, including access controls, pausing capabilities, configurable rate limits, and a global balance accounting integrity checker. The framework supports various deployment modes, including "burn and mint" for creating natively multichain tokens and "lock and mint" for existing tokens. This flexibility allows projects to implement unique requirements and maintain seamless cross-chain operations.