Cross-chain protocol Wormhole’s total locked value (TVL) has recovered to $1 billion, almost two years after the cryptocurrency bear market began in May 2022.

Currently, the protocol’s TVL has shown a balance of $1.02 billion, with Ether, Fantom and Solana’s SOL assets at the top at $675 million, $174 million and $96 million, respectively.

The protocol’s TVL has seen a more than 300% increase after falling to $234 million at the beginning of the year.

The record comes amidst a general market rebound and a $225-million capital injection valued at $2.5 billion in November 2023.

Wormhole was hacked for over $321 million due to an infinite minting glitch in its Ethereum-Solana bridge in February 2022.