WAGMI is a trending acronym among crypto traders, which stands for 'We are all going to make it.' Crypto supporters often use #WAGMI to encourage the community to maintain belief in their investments and continue holding even when market conditions are volatile or uncertain.
The popular hashtag seeks to allay investor concerns, especially when news about possible regulation of cryptocurrencies or an outright ban on them surfaces in the media. Wagmi becomes a movement trying to rally support and faith in the crypto market in such times.
In the crypto market, WAGMI is also the native token of a DeFi platform on the Harmony blockchain called Euphoria. Inspired by OlympusDAO and Wonderland, DeFi 2.0 is an algorithm-based reserve currency protocol under VenomDAO. WAGMI is the ticker or symbol of this decentralized application.