What is Sunrise?

Sunrise is a cross-chain bridging protocol developed by Wormhole that facilitates the transfer of tokens between ecosystems like Ethereum, Solana, and emerging Layer 1. It enables seamless movement of assets, including native tokens like MON, into Solana's DeFi venues for immediate trading and liquidity provision without intermediaries. The system operates by locking assets on the source chain and minting equivalents on the destination chain via Wormhole's secure messaging protocol, supporting integrations with DEXs for efficient swaps and concentrated liquidity pools. Users gain faster access to high-liquidity environments and reduced fragmentation costs.