Wormhole Labs launches ‘Sunrise’ gateway to bring Monad (MON) and other assets to Solana

Wormhole Labs, the team behind the cross-chain Wormhole protocol, today announced the public launch of Sunrise—a new liquidity gateway designed specifically for the Solana ecosystem.

According to documents shared with CoinPhoton, Sunrise is described as the “standard route” for bringing assets from other blockchains onto Solana with day-one liquidity. The product provides a single interface for users to transfer tokens from their origin chain to Solana and instantly access DeFi platforms on the network.

The announcement states that Sunrise addresses the issue of fragmented liquidity when onboarding new tokens to Solana, ensuring that onchain assets can be traded immediately on major platforms such as the Jupiter DEX and are supported on Orb—the blockchain explorer incubated by Helius. Sunrise will launch with immediate support for Monad’s MON token, which is expected to start trading tomorrow—marking its first major test.

“Solana is aiming to become the capital markets of the internet, where users can access any asset, including those not natively issued on Solana,” said Kuleen Nimkar, Head of Growth at the Solana Foundation. “Products like Sunrise are essential in realizing that future, providing seamless pathways and deep liquidity for non-native assets from day one.”

This move comes as interoperability protocols compete to attract liquidity flows between high-performance blockchains. Monad—which raised $225 million in a Paradigm-led funding round earlier in 2024—is one of the most closely watched Layer 1s. By positioning Sunrise as the primary gateway for MON, Wormhole Labs is strengthening its position within Solana’s market structure.

Standardizing the “front door” for multichain assets

Although Solana has experienced a strong resurgence—with DEX trading volumes surpassing Ethereum’s for several quarters—bridging assets remains complex for mainstream users, often requiring multiple bridges and wrapped assets with low liquidity.

Sunrise aims to unify this process by becoming the “standard gateway.” The platform leverages Wormhole’s Native Token Transfers (NTT) infrastructure, allowing tokens to retain their utility and fungibility when moving between chains, without relying on liquidity pools—which can be vulnerable to hacks or slippage.

“Sunrise provides any asset from any chain with a liquidity pathway to trade on Solana at TGE,” said Saeed Badreg, CEO of Wormhole Labs. “With Wormhole’s high-speed NTT infrastructure, MON is just the beginning.”

According to the press release, Sunrise plans to expand support to other tokenized assets such as commodities, stocks, and real-world assets (RWA) issued on institutional chains.

Wormhole itself is also expanding rapidly after launching its W token, airdrop, and adjusting its tokenomics. By controlling the flow of the Monad bridge, Wormhole Labs is betting that users will prefer a dedicated, user-friendly gateway over traditional bridge aggregators.

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