Bridged Wrapped Bitcoin (StarkGate) allows Bitcoin to be used on StarkNet. More
Fully Diluted Valuation | $15.96M |
---|---|
24H Trading Volume | $44,443 |
24H Low / High | $108.32 K / $ 109.86 K |
Circulating Supply | 146.64 |
Total Supply | 146.64 |
Max Supply | ∞ |
Categories | Wrapped-Tokens 4 more |
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Founder | Anonymous |
Website | starkgate.starknet.io Whitepaper |
Socials | |
Chains | Starknet Ecosystem |
Explorer | Starkscan 2 more |
Contracts |
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Name | Pair | OG Score |
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Bridged Wrapped Bitcoin (WBTC) on StarkGate allows users to seamlessly interact with Bitcoin through the StarkNet ecosystem. StarkNet, a Layer-2 scaling solution on Ethereum, brings faster transaction speeds and lower costs by utilizing zk-rollups technology. With WBTC bridged to StarkNet via StarkGate, users can access decentralized finance (DeFi) applications with the liquidity and value of Bitcoin.
Features
The bridge functionality between Bitcoin and Ethereum's Layer-2 StarkNet ecosystem enables users to experience fast, cost-effective transactions without compromising the security of Bitcoin. WBTC retains its value as a 1:1 representation of Bitcoin while being usable on StarkNet-based applications like lending platforms, trading, and staking services. This increases Bitcoin's interoperability within Ethereum's DeFi landscape.
Conclusion
Bridged Wrapped Bitcoin on StarkGate enhances the usability of Bitcoin by making it accessible on a highly scalable Ethereum layer, improving transaction efficiency. This integration showcases the power of Layer-2 solutions to connect diverse blockchain ecosystems, driving wider adoption of decentralized applications and improving the utility of Bitcoin in DeFi.
Bridged Wrapped Bitcoin (StarkGate) allows Bitcoin to be used on StarkNet, enhancing its interoperability with decentralized finance (DeFi) applications while benefiting from the speed and cost-efficiency of Layer-2 solutions.
Bridged Wrapped Bitcoin is managed by the Wrapped BTC DAO, which is a collaboration between major projects like BitGo, Kyber Network, and Ren.
The project is backed by several organizations, including BitGo, Kyber Network, and other members of the DeFi ecosystem.
10KSwap, JediSwap
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