Cross-chain protocol Wormhole has raised $225 million in an investment round led by Brevan Howard, Coinbase Ventures, and others, valuing the company at $2.5 billion. The Wormhole Foundation also unveiled Wormhole Labs, an independent tech firm focusing on cross-chain activity and development. Launched in 2021, Wormhole has facilitated over $35 billion in transactions and processes more than 2 million cross-chain messages daily. In February, the protocol suffered a $321 million hack, with Jump Crypto later pledging to replenish the lost funds.