Wormhole Records $17.6B in 2025 Volume as Institutions Drive Multichain Adoption

TLDR:

• Wormhole processed $17.6B in 2025 volume, bringing cumulative transactions beyond $70B milestone. 
• BlackRock, Apollo Global, and VanEck deployed tokenized funds across chains via Wormhole infrastructure. 
• Over 100 tokens worth $170B in market cap launched using Wormhole’s NTT standard across 40+ blockchains. 
• Ripple’s RLUSD and Sky’s USDS adopted NTT for native multichain expansion without liquidity fragmentation.
  

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Wormhole has emerged as a leading multichain protocol, processing $17.6 billion in volume throughout 2025 and surpassing $70 billion in cumulative transactions.

The platform expanded its reach across more than 40 blockchains while securing partnerships with major institutions, including BlackRock, Apollo Global, and VanEck.

This growth reflects increasing demand for secure, cross-chain infrastructure as real-world assets move onchain.

Institutional Players Deploy Real-World Assets Through Wormhole Infrastructure

BlackRock’s BUIDL fund expanded operations across Solana and BNB Chain using Wormhole’s multichain infrastructure.

Securitize powered the tokenization process for this expansion, marking a notable milestone in institutional crypto adoption.

Apollo Global chose Wormhole through Securitize for the multichain tokenization of its Apollo Diversified Credit Securitize Fund, known as ACRED.

This selection demonstrates growing confidence in Wormhole’s ability to handle regulated financial products across multiple blockchain networks.

VanEck launched its first tokenized treasury fund spanning Solana, Avalanche, BNB Chain, and Ethereum. The asset manager relied on Securitize for tokenization while Wormhole provided the necessary interoperability between chains. “2025 marked a clear shift in how institutions approached multichain systems,” Wormhole noted in its annual report.

Hamilton Lane expanded its flagship SCOPE fund to Optimism and Ethereum via Securitize, designating Wormhole as the exclusive interoperability provider.

Meanwhile, Transfero Group adopted Wormhole’s Native Token Transfers (NTT) standard to expand BRZ, the world’s largest non-USD stablecoin, across different chains.

Mercado Bitcoin, a leading Latin American digital asset platform, selected Wormhole as its exclusive interoperability provider for a tokenized assets platform supporting over $200 million in assets.

NTT Standard Powers Over 100 Tokens Across Stablecoins and Major Assets

Wormhole’s NTT standard gained significant traction in 2025, with more than 100 tokens launching across 40-plus chains.

These tokens represented a combined market capitalization exceeding $170 billion, establishing NTT as an infrastructure for multichain asset issuance.

“NTT became the go-to infrastructure for issuing multichain assets without breaking liquidity, fragmenting supply, or losing issuer control,” the protocol stated.

Ripple’s RLUSD, regulated by the New York Department of Financial Services, adopted the NTT standard for expansion to Base, Optimism, Ink, and Unichain.

Sky Ecosystem’s USDS expanded to Solana via Wormhole NTT, transferring more than $880 million across the multichain economy.

M0, a decentralized stablecoin infrastructure layer, expanded to Arbitrum, Base, Solana, and Optimism using NTT. This enabled day-one native multichain launches for assets including MetaMask’s mUSD and Noble’s USDN.

Mento Labs selected Wormhole as its exclusive interoperability provider for multichain trading between 17-plus stablecoins. The platform emphasized that stablecoins “became one of the clearest signals of multichain maturity” during the year.

Beyond stablecoins, major assets adopted NTT for multichain expansion. Stacks brought sBTC and STX across Solana and Sui Network.

DOGE became a canonical multichain asset through NTT, while Hyperliquid’s HYPE expanded to Solana and Unichain. Lido Finance expanded wstETH to BNB Chain following community approval.

The Uniswap Foundation collaborated with Wormhole to enable native access to assets like SOL and HYPE on Unichain. Ethereum remained the leading destination chain with $4.5 billion in inflows, closely followed by Solana and BNB Chain.

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