Algorand Teams Up with Wormhole to Revolutionize Token Transfers Across 40+ Blockchains!

Jakarta, Pintu News – Algorand, one of the Layer-1 blockchains, recently announced integration with Wormhole (W) through the Native Token Transfers (NTT) standard. This partnership enables token transfers between more than 40 blockchains directly without the need for wrapping.

This move not only expands Algorand’s multichain ecosystem (ALGO) but also increases developer activity and DeFi momentum within its network.

With this adoption, Algorand demonstrates its commitment in strengthening the relevance of its ecosystem in the blockchain world.

Strategic Integration with Wormhole

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Algorand’s integration with Wormhole brings a new ease of token transfer between blockchains.

With the NTT standard, users can send their tokens to more than 40 different blockchains seamlessly. This is a big step for Algorand in achieving its true multichain vision.

Folks Finance, as one of the leading DeFi protocols in Algorand, became an early partner to adopt this NTT standard for their FOLKS token launch. This news had an immediate impact on the market, with the price of Algorand (ALGO) rising by around 4% in just a few hours (2/7).

Daily trading volume jumped to $107 million, more than doubling, and ending a 30-day downward trend. This shows that the integration is not only technically important, but also has a significant economic impact.

Increased Developer Activity and DeFi Momentum

Algorand recorded a significant increase in network activity, with daily transactions reaching 1 million, up 54% from the previous week. The number of active addresses also increased to 108K.

This increase shows that more users are active on the network. The AlgoKit 3.0 update launched earlier in 2025 has also sparked a new wave of interest from developers, who see great potential in the Algorand ecosystem.

Moreover, Folks Finance not only adopts the NTT standard, but also plays a role in the development and application of this technology. This partnership opens up opportunities for other tokens to follow suit, expanding the possibilities for broader and more efficient interactions between blockchains.

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Blockchain Innovation in the Real World

According to Crypto News Flash, Algorand has been involved in several innovative projects that demonstrate the application of blockchain in real-world scenarios.

In mid-June, Algorand helped TravelX print over 17 million NFT tickets, with an efficient and smooth system. This demonstrates Algorand’s ability to manage high volumes without experiencing network congestion.

Furthermore, in February, Algorand managed to process more than 34,000 transactions in one block in just three seconds, with a success rate of 100%.

In addition, Algorand also announced a partnership with Paycode to develop biometric-based payment systems in eight African countries, targeting more than 6 million unbanked people.

Overall, the partnership between Algorand and Wormhole through the NTT standard opens a new chapter in the blockchain ecosystem.

By enabling easier and more efficient token transfers between various blockchains, Algorand establishes itself as a key player in driving wider blockchain adoption.

This initiative not only increases economic value but also strengthens Algorand’s position as an innovator in blockchain technology.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Algorand Joins Wormhole Network, Boosts Interoperability. Accessed on July 3, 2025
• Crypto News Flash. Algorand Partners with Wormhole to Bring Native Token Transfer to 40 Blockchains. Accessed on July 3, 2025