Wormhole Unveils 'Sunrise' Gateway as MON Token Launches on Solana

- Wormhole’s 'Sunrise' aims to solve Solana’s fragmented liquidity issues. - MON token launch will test Sunrise with liquidity from day one. On November 23, 2025, *The Block* reported that Wormhole Labs launched ‘Sunrise,’ a new liquidity gateway designed to address fragmented liquidity and streamline asset movement on the Solana blockchain. The gateway provides critical infrastructure for the seamless transfer of assets and offers immediate liquidity on decentralized exchanges, solving Solana's liquidity fragmentation challenges. The upcoming launch of Monad's highly anticipated MON token will test Sunrise's effectiveness, as Sunrise will act as the primary "canonical route" for MON tokens entering the Solana blockchain. This ensures the assets remain liquid and accessible for trading on decentralized exchanges like Jupiter. Sunrise utilizes Wormhole’s advanced Native Token Transfers (NTT) infrastructure, which eliminates the traditional reliance on liquidity pools. This novel technology allows tokens to maintain their utility and fungibility across multiple blockchain ecosystems while also mitigating risks commonly linked to liquidity pools, such as hacks and price slippage. Wormhole Labs launched Sunrise as a strategic move to strengthen its position as a leader in Solana’s fast-evolving decentralized finance (DeFi) ecosystem. By supporting high-throughput chains, Sunrise boosts Solana’s interoperability and aligns with the blockchain’s vision to become a global platform for internet capital markets. In addition, Wormhole Labs plans to expand Sunrise’s functionality to transfer tokenized assets, such as commodities and stocks, from institutional blockchains. According to the latest market data on November 23 at 16:08 UTC, Wormhole (W) is trading at $0.046, marking a 0.95% increase in its 24-hour trading volume. Meanwhile, USD Coin (USDC) is priced at $1.00, reflecting a 0.02% dip in its 24-hour trading volume.