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DeFi News

$SOL Token Launches on Avalanche Using Wormhole Bridge

Users can now transfer $SOL unlocking access to Avalanche’s DeFi ecosystem and subnets while maintaining SOL’s native properties.

Written By Dishita Malvania Dishita Malvania
Fact Checked by Dhara Chavda Dhara Chavda
Published June 6, 2025 5:08 PM·Updated 1 year ago
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$SOL Token Launches on Avalanche Using Wormhole Bridge

Solana’s native token, $SOL, is now live on Avalanche, powered by Wormhole’s Native Token Transfers (NTT) framework. The update was announced Thursday by the Wormhole team via X.

💥 @Solana's native asset $SOL is now available on Avalanche, powered by Wormhole NTT.

Transfer $SOL to @Avax now: https://t.co/0IWV0NbaOV pic.twitter.com/jaa9F9Bu9T

— Wormhole (@wormhole) June 5, 2025

Users can now transfer $SOL from the Solana network to Avalanche using the Wormhole Portal Bridge, unlocking access to Avalanche’s DeFi ecosystem and subnets while maintaining SOL’s native properties.

Wormhole’s new tech lets SOL move to other blockchains without being wrapped. It stays in its original form, which makes transfers safer and more straightforward. The system is open-source and already running across several live projects.

Now that SOL is on Avalanche, users can trade, lend, or use it in DeFi apps across the Avalanche ecosystem. Avalanche also lets developers build their own blockchains, giving SOL more room to be used outside its home network.

Solana, known for its speed and low fees, continues to be one of the most active blockchains in crypto. Connecting to Avalanche through Wormhole gives it a new layer of reach without changing how the token works or affecting performance.

As of the update, SOL was trading at $148, down 1.89% in the last 24 hours. AVAX was priced at $19.43, down 3.37%, while Wormhole’s token, $W, was trading at $0.0711, down 5%.

The integration reflects Wormhole’s broader strategy to standardize native token transfers across major blockchains. Its infrastructure has become one of the leading bridges for enabling seamless asset movement in the multichain world.

Also Read: Trump-Backed WLFI’s USD1 Stablecoin Goes Live on BounceBit

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Solana (SOL)
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