Wormhole Labs, the team behind the cross-chain Wormhole protocol, today announced the public launch of Sunrise—a new liquidity gateway designed specifically for the Solana ecosystem.
According to documents shared with CoinPhoton, Sunrise is described as the “standard route” for bringing assets from other blockchains onto Solana with day-one liquidity. The product provides a single interface for users to transfer tokens from their origin chain to Solana and instantly access DeFi platforms on the network.
The announcement states that Sunrise addresses the issue of fragmented liquidity when onboarding new tokens to Solana, ensuring that onchain assets can be traded immediately on major platforms such as the Jupiter DEX and are supported on Orb—the blockchain explorer incubated by Helius. Sunrise will launch with immediate support for Monad’s MON token, which is expected to start trading tomorrow—marking its first major test.
“Solana is aiming to become the capital markets of the internet, where users can access any asset, including those not natively issued on Solana,” said Kuleen Nimkar, Head of Growth at the Solana Foundation. “Products like Sunrise are essential in realizing that future, providing seamless pathways and deep liquidity for non-native assets from day one.”
This move comes as interoperability protocols compete to attract liquidity flows between high-performance blockchains. Monad—which raised $225 million in a Paradigm-led funding round earlier in 2024—is one of the most closely watched Layer 1s. By positioning Sunrise as the primary gateway for MON, Wormhole Labs is strengthening its position within Solana’s market structure.
Standardizing the “front door” for multichain assets
Although Solana has experienced a strong resurgence—with DEX trading volumes surpassing Ethereum’s for several quarters—bridging assets remains complex for mainstream users, often requiring multiple bridges and wrapped assets with low liquidity.
Sunrise aims to unify this process by becoming the “standard gateway.” The platform leverages Wormhole’s Native Token Transfers (NTT) infrastructure, allowing tokens to retain their utility and fungibility when moving between chains, without relying on liquidity pools—which can be vulnerable to hacks or slippage.
“Sunrise provides any asset from any chain with a liquidity pathway to trade on Solana at TGE,” said Saeed Badreg, CEO of Wormhole Labs. “With Wormhole’s high-speed NTT infrastructure, MON is just the beginning.”
According to the press release, Sunrise plans to expand support to other tokenized assets such as commodities, stocks, and real-world assets (RWA) issued on institutional chains.
Wormhole itself is also expanding rapidly after launching its W token, airdrop, and adjusting its tokenomics. By controlling the flow of the Monad bridge, Wormhole Labs is betting that users will prefer a dedicated, user-friendly gateway over traditional bridge aggregators.
Vuong Tien
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Wallet Phantom Breaks New Ground: CFTC Approves Non-Custodial Derivatives Access
Phantom, Solana's self-custodial wallet, has received a no-action letter from the CFTC, enabling it to connect directly to CFTC-registered derivatives markets through a non-custodial interface without needing to register as an introducing broker. This breakthrough allows users to access regulated derivatives while maintaining control of their funds, providing a compliance template for future crypto wallets. Phantom's strategy involves communicating proactively with regulators to ensure lawful operations.
MarketWhisper3h ago
Major whale withdraws over 120,000 SOL from a certain CEX after 4 months of inactivity, worth approximately $11.47 million
On March 18, Lookonchain detected a whale address withdrawing 121,480 SOL worth $11.47 million after being dormant for 4 months. The address had previously withdrawn 186,621 SOL 4 months ago with paper losses exceeding $8 million, yet continues to buy more SOL.
GateNews3h ago
US SOL spot ETF experienced a single-day net inflow of $17,810,700
On March 17, the US SOL spot ETF recorded a single-day net inflow of $17.81 million, primarily from the Bitwise Solana Staking ETF, with cumulative historical net inflows reaching $803 million. As of now, the total assets under management are $937 million, with a net asset ratio of 1.73%.
GateNews4h ago
Crypto News: DeepSnitch AI March 31 Launch Trending As Traders Bet on 100x Gains, Strategy Stacks 22K BTC, SOL Breaks Through $95
Michael Saylor has shown a bullish attitude with Strategy 22K Bitcoin last week for $1.57B, one of the five largest purchases the company has ever made.
Inspired by the bullish crypto news, the broader market is also following the lead of this as BTC presses into key resistance and SOL
CaptainAltcoin8h ago
