PANews reported on November 3rd that, according to SoSoValue data, most sectors in the crypto market retreated today. The AI sector fell 4.82% in the last 24 hours, with Virtual down 12.46% and COAI down 10.38%, while 0G bucked the trend, rising 3.83%. BTC fell 0.25% to approximately $109,000, and ETH fell 0.72% to below $3,890. Other notable performers included DASH (up 33.39%), ICP (up 20.46%), ZK (up 30.45%), and ASTER (up 21.96%).



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more