Powerledger integrates with Wormhole NTT for multichain POWR transfers across Ethereum and Solana

Zug, Switzerland, 21st February 2025, ZEX PR WIRE, Powerledger (POWR) announces multichain transfers of POWR tokens between Ethereum to Solana. After integrating with Solana Mainnet last year. Powerledger brought its energy platforms TraceX and Transactive to the network.

Powerledger is utilising the Wormhole’s NTT framework, to enable seamless transfers of POWR tokens between Ethereum and Solana. This integration provides holders with greater flexibility,  without fragmenting liquidity. Whether an early supporter of POWR on Ethereum or a new participant through its Solana expansion, POWR holders can now effortlessly bridge their assets between the two networks.

Key benefits of leveraging Wormhole for POWR token holders:

• Seamless transfers of POWR tokens: POWR token holders can now easily transfer POWR tokens between Ethereum and Solana using Wormhole NTT.

• Better dual-chain flexibility: Powerledger’s dual-chain approach offers access to unique strengths of both ecosystems. Wormhole NTT enhances this dual-chain flexibility of POWR, making it easy to natively transfer between POWR on Ethereum (ERC-20) and POWR on Solana (SPL token), offering better versatility to POWR holders.

• Better control with decentralised transfer: As an extension to centralised exchanges (CEXs), Powerledger is using Wormhole NTT for seamless and decentralised transfer. This can potentially eliminate the need for third-party intermediaries, offering POWR token holders more control, lower fees, and enhanced security when transferring assets across chains.

“Using Wormhole is a strategic move to enhance multichain interoperability for POWR,” said Dr. Jemma Green, Co-Founder and CEO of Powerledger. “This enables seamless and efficient POWR transfers between Ethereum and Solana, providing POWR holders with greater flexibility. Ultimately, it supports our vision of advancing blockchain adoption in energy markets by making it easier for users to access and interact with multiple ecosystems.
Explore seamless POWR transfers via Portal, powered by Wormhole.

About Powerledger

Powerledger (POWR) is a Web3 company that creates pioneering solutions that solve pressing energy challenges, enabling access to cheaper and cleaner electricity. Founded in 2016, Powerledger is known for being Australia’s first and most successful ICO. Powerledger has previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year. Now, Powerledger is integrated with Solana Mainnet. Headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland.