Wormhole Labs unveils ‘Sunrise’ gateway to bring MON and other assets to Solana
Wormhole Labs launched Sunrise, a new data and liquidity gateway to seamlessly bring external assets, starting with Monad's MON token, onto the Solana ecosystem.Summary
Wormhole Labs has publicly launched Sunrise, a dedicated data and liquidity gateway designed exclusively for the Solana ecosystem. Sunrise acts as a "canonical route" to solve fragmented liquidity issues by providing external assets with day-one tradability across Solana's decentralized exchanges like Jupiter and Orb.
The gateway's initial major test case is supporting the high-profile MON token from the Monad network, which is scheduled to begin trading soon. Sunrise utilizes Wormhole’s Native Token Transfer (NTT) infrastructure, enabling tokens to maintain utility across chains without relying on vulnerable traditional liquidity pools.
Wormhole Labs CEO Saeed Badreg stated that MON is just the beginning, as Sunrise plans to expand support to tokenized commodities, stocks, and Real-World Assets (RWAs) issued on institutional chains, aiming to solidify Wormhole's position in Solana's market structure by offering a specialized, user-friendly entry point.
(Source：The Block)