Wrapped Bitcoin
WBTC
Wrapped Bitcoin (WBTC) Metrics
Wrapped Bitcoin Price Chart Live
Price Chart
About Wrapped Bitcoin
Wrapped Bitcoin, symbolized as WBTC, stands as a pivotal innovation bridging the vast liquidity of Bitcoin with the expansive capabilities of the Ethereum blockchain. It is an ERC-20 token that represents Bitcoin on the Ethereum network, making Bitcoin interoperable with Ethereum’s diverse ecosystem of decentralized applications, or dApps, and decentralized finance, or DeFi, protocols. The primary purpose of WBTC is to bring Bitcoin’s market capitalization into the DeFi space, allowing Bitcoin holders to utilize their assets for lending, borrowing, yield farming, and other complex financial operations without having to sell their BTC. Each WBTC token is 1:1 backed by actual Bitcoin held in a secure, verifiable reserve by a network of custodians and merchants. This ensures that for every WBTC in circulation, there is an equivalent amount of Bitcoin locked in a transparent, auditable vault. The process of wrapping Bitcoin involves a user sending their BTC to a merchant, who then initiates a minting request with a custodian. Upon verification, the custodian mints the equivalent amount of WBTC on the Ethereum blockchain and sends it to the user’s Ethereum address. Conversely, users can burn WBTC to redeem their underlying Bitcoin. This transparent and auditable process is crucial for maintaining trust and the peg between WBTC and BTC. WBTC has become an essential component of the DeFi landscape, enabling Bitcoin to act as collateral on various lending platforms, provide liquidity on decentralized exchanges, and participate in a wide array of tokenized financial products. By leveraging the programmability of Ethereum smart contracts, WBTC unlocks new utility for Bitcoin, enhancing its capital efficiency and expanding its reach beyond its native blockchain. It effectively allows Bitcoin holders to earn yield and engage with the cutting-edge financial innovations built on Ethereum, solidifying its role as a key element in the ongoing convergence of different blockchain networks.
Wrapped Bitcoin [WBTC] is a token based on Ethereum, Waves, Fantom, Cronos, Polygon, Harmony, Kava, Celo, Near Protocol, Avalanche, Solana, Moonriver, Ronin Token, Optimism, Arbitrum, Zksync, BLAST blockchain. The most actual price for one Wrapped Bitcoin [WBTC] is $107 541. Wrapped Bitcoin is listed on 97 exchanges with a sum of 400 active markets. The 24h volume of [WBTC] is $455 165 851, while the Wrapped Bitcoin market cap is $14 107 026 163 which ranks it as #13 of all cryptocurrencies. You can find more information about Wrapped Bitcoin [WBTC] on wbtc.network
WBTC Markets
| # | Exchange | Pair | Volume (24h) | Price | Volume (%) | Category | Fee Type | Updated |
|---|---|---|---|---|---|---|---|---|
| 1 |  C | $20 291 629.19 | $107 594.54 | 4.460000% | Spot | Percentage | 2 minutes ago | |
| 2 | C | $15 217 909.78 | $107 695.98 | 3.340000% | Spot | Percentage | 2 minutes ago | |
| 3 |  C | $6 171 193.65 | $107 594.54 | 1.360000% | Spot | Percentage | 2 minutes ago | |
| 4 |  C | $2 713 552.11 | $106 518.60 | 0.600000% | Spot | Percentage | 2 minutes ago | |
| 5 |  C | $1 111 079.09 | $107 566.92 | 0.240000% | Spot | Percentage | 2 minutes ago |
Trends Market Overview
#24
29.83%
#121
-12.62%
#1
1.17%
#6734
no data
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Wrapped Bitcoin Basics
| Website | wbtc.network |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (17) | etherscan.io wavesexplorer.com ftmscan.com cronos.org |
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