Recently watching the market, the WOO token has been continuously rising within a 15-minute window, which is quite interesting. Some people are asking if this is a signal return from the Wood Industry Association? Let's first see what WOO actually is.

WOO is the native token of the WOO Network project, officially launched in October 2020 by quantitative trading firm Kronos Research. The core idea of this project is to bridge the gap between CeFi and DeFi—by building a deep liquidity network to make trading smoother and significantly reduce costs.

From a functional perspective, WOO is a utility token, not just a governance token. This design approach is quite pragmatic. In an era where both DeFi and centralized exchanges have their own advantages and disadvantages, projects that can leverage liquidity on both sides still have room for growth. As for how high this wave of market movement can go, it still depends on the subsequent fundamental developments.