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. 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 ...