Ship or Die at Accelerate 2025: Keynote: Wormhole (Robinson Burkey - Wormhole Foundation)

In a groundbreaking keynote at Solana Accelerate 2025, Wormhole Foundation co-founder Robinson Burkey unveiled revolutionary advancements in cross-chain interoperability, including the integration of Dogecoin with Solana. This game-changing development promises to reshape the landscape of internet capital markets and solidify Solana's position as a powerhouse in the blockchain ecosystem.

Summary

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Robinson Burkey's presentation at Solana Accelerate 2025 highlighted Wormhole's pivotal role in fueling the rise of Solana's internet capital markets since its inception. As the leading interoperability protocol, Wormhole has facilitated the transfer of over $11.47 billion in value to Solana, surpassing the chain's current TVL of around $9 billion.

Burkey introduced Wormhole's solution to the persistent problem of liquidity fragmentation in the blockchain space: Native Token Transfers (NTT). This open-source framework offers a flexible, configurable, and composable approach to cross-chain asset transfers, allowing for integrator-owned deployment and enhanced security measures.

The keynote reached its climax with the announcement of Dogecoin's integration with Solana through Wormhole. This move will bring a $35 billion asset and potentially 8.3 million new wallets to the Solana ecosystem, significantly expanding its reach and liquidity.

Burkey emphasized Wormhole's commitment to Solana, stating that they have been with the blockchain since the beginning and will continue to support its growth and development in the future.

Key Points:

Wormhole's Impact on Solana

Wormhole has been instrumental in Solana's growth since its inception, serving as the native bridge for the blockchain. The interoperability protocol has transferred an impressive $11.47 billion in value to Solana, encompassing various assets such as real-world assets (RWAs), meme coins, and stablecoins. This figure surpasses Solana's current Total Value Locked (TVL) of approximately $9 billion, underscoring Wormhole's critical role in building Solana's liquidity and ecosystem.

As the leading interoperability protocol across all blockchains, Wormhole has processed over 60 billion in total value transfers and facilitated more than 1 billion messages. These messages are crucial for asset transfers and enable the development of various cross-chain applications, such as Pyth, a popular oracle on Solana that utilizes Wormhole for cross-chain data feeds.

Native Token Transfers (NTT)

Burkey introduced Wormhole's solution to liquidity fragmentation: Native Token Transfers (NTT). This innovative framework addresses the issue of multiple versions of the same asset existing across different chains, which has been a significant hurdle in creating a seamless on-chain financial system.

NTT is an open-source, flexible, and configurable framework that allows for integrator-owned deployment. This means that asset issuers, rather than bridges, can own and control the contracts for their assets across multiple chains. The framework offers various security features, including pause functionality, upgradability, and rate limiting, providing asset issuers with granular control over their cross-chain assets.

One of the key features of NTT is its flexible verification system. While Wormhole messaging is recommended for its strong security model, the framework allows asset issuers to use alternative verification methods, including their own signers or other interoperability protocols. This flexibility ensures that asset issuers are not locked into a single system and can adapt to changing security needs.

Dogecoin Integration with Solana

The keynote's most exciting announcement was the integration of Dogecoin with Solana through Wormhole. This development will bring a $35 billion asset to the Solana ecosystem, along with the potential to attract 8.3 million new wallets. The integration is being implemented in collaboration with Cy (not QED), who have worked on making the Dogecoin chain verifiable, and Interface, who have assisted with various aspects of the integration.

This move is significant for several reasons. First, it dramatically increases the liquidity available on Solana, enhancing its position as a major player in the crypto ecosystem. Second, it opens up new opportunities for Dogecoin holders to participate in Solana's vibrant DeFi ecosystem. Lastly, it demonstrates the power of Wormhole's interoperability solutions in bridging even major, established cryptocurrencies with innovative blockchain platforms.

Facts + Figures

• Wormhole has transferred $11.47 billion in value to Solana since its inception
• Solana's current TVL is around $9 billion
• Wormhole has facilitated over $60 billion in value transfers across all blockchains
• The protocol has processed over 1 billion messages
• Wormhole has helped issue over 4,000 assets across chains
• More than 100 applications use Wormhole in various capacities
• Dogecoin, a $35 billion asset, will be accessible on Solana through Wormhole
• The Dogecoin integration could potentially bring 8.3 million new wallets to Solana
• Wormhole's Native Token Transfers (NTT) framework is completely open-source
• NTT offers features such as pausing, upgrading, and rate limiting for enhanced security

Top quotes

1. "Wormhole is an interoperability protocol. So Wormhole connects all blockchains to enable value to be transferred between them."
2. "Since the inception of Solana, we've transferred to Solana as we now know it, the internet capital markets. We transferred $11.47 billion or value to the chain."
3. "We are the native bridge of Solana. And this is our home, and this is where we'll continue to bring value to."
4. "How do you make it so that-- and I sometimes think about just a side note, you opening your mobile banking app right now. And if you look at USDT, your bank account number, imagine if there's four different versions, almost like they're separate accounts and they're not fungible. That's kind of what the experience is like, especially for people coming into the ecosystem."
5. "It is the gold standard for issuing a token across all chains."
6. "We want to give you the option to have who you want within the NTT contracts."
7. "When we think about Solana, it is a place where everything is tradable, tradable with the best user experience. So the biggest assets should be on Solana."
8. "Today, I'm really, really excited to announce that Dogecoin. It's actually-- this is already outdated. It's a $35 billion asset. That amount of value will now be accessible to Solana."
9. "Wormhole's been with Solana since the beginning and will be with Solana for as long to come."

Questions Answered

What is Wormhole and how does it relate to Solana?

Wormhole is an interoperability protocol that connects all blockchains to enable value transfer between them. It has been closely tied to Solana since the blockchain's inception, serving as its native bridge. Wormhole has played a crucial role in bringing assets from other chains, particularly Ethereum, to Solana. To date, Wormhole has transferred $11.47 billion in value to Solana, which is more than the chain's current TVL of around $9 billion.

What problem does Wormhole's Native Token Transfers (NTT) solve?

Wormhole's Native Token Transfers (NTT) solves the problem of liquidity fragmentation in the blockchain space. Before NTT, users would often see multiple versions of the same asset (like USDC or USDT) in their wallets when using different chains. This fragmentation made it difficult to build a cohesive on-chain financial system. NTT provides a framework for asset issuers to deploy their tokens across multiple chains while maintaining control and ensuring fungibility, thus creating a more seamless experience for users and developers.

How does Native Token Transfers (NTT) work?

Native Token Transfers (NTT) is an open-source framework that allows for integrator-owned deployment of assets across multiple chains. It offers both a burn-and-mint solution for new token launches and a hub-and-spoke model for existing tokens. NTT provides asset issuers with full control over their contracts, including upgrade authority and security features like pausing and rate limiting. It also incorporates a global accounting system on a separate blockchain to monitor cross-chain activity and prevent potential exploits.

What security features does NTT offer?

NTT offers several key security features. Asset issuers can pause transfers, upgrade contracts, and implement rate limits to control the flow of assets between chains. The framework also includes a global accounting system that monitors all cross-chain activity and can halt operations if it detects anomalies like infinite minting. Additionally, NTT supports flexible verification, allowing asset issuers to use Wormhole messaging, their own signers, or even other interoperability protocols for added security and redundancy.

What is the significance of Dogecoin's integration with Solana through Wormhole?

The integration of Dogecoin with Solana through Wormhole is a major development for both ecosystems. It brings a $35 billion asset to Solana, significantly increasing the available liquidity on the chain. This integration also has the potential to attract 8.3 million new wallets to Solana, greatly expanding its user base. For Dogecoin holders, it opens up new opportunities to participate in Solana's thriving DeFi ecosystem. This move demonstrates the power of Wormhole's interoperability solutions and reinforces Solana's position as a major player in the blockchain space.

How many blockchains and applications does Wormhole currently support?

While the exact number of blockchains isn't specified in the transcript, Wormhole has facilitated over $60 billion in value transfers across all blockchains and processed over 1 billion messages. The protocol has helped issue over 4,000 assets across chains. Additionally, there are more than 100 applications that use Wormhole in various capacities, whether for messaging, asset transfers, or other cross-chain functionalities.

What is the future outlook for Wormhole and Solana?

Based on the keynote, Wormhole remains deeply committed to Solana's growth and development. The Wormhole Foundation sees Solana as its home and intends to continue bringing value to the chain. With the introduction of Native Token Transfers and the integration of major assets like Dogecoin, Wormhole is positioned to play a crucial role in Solana's evolution as a hub for internet capital markets. The continued partnership between Wormhole and Solana promises to drive innovation in cross-chain interoperability and enhance Solana's position in the broader blockchain ecosystem.