Wrapped Bitcoin (WBTC) integrates Bitcoin's liquidity into Ethereum's DeFi, enabling cross-network transactions and opportunities. More
| Fully Diluted Valuation | $14.39B |
|---|---|
| 24H Trading Volume | $203.48M |
| 24H Low / High | $111.99 K / $ 114.19 K |
| Circulating Supply | 127.04 K |
| Total Supply | 127.04 K |
| Max Supply | 127.04 K |
| Categories | Tokenized BTC 5 more |
|---|---|
| Founder | BitGo 2 more |
| Website | wbtc.network Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Solscan 6 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
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In the ever-evolving landscape of decentralized finance (DeFi), Wrapped Bitcoin (WBTC) has emerged as a groundbreaking solution, bridging the gap between the world's leading cryptocurrency, Bitcoin (BTC), and the Ethereum blockchain. Launched in 2019 by a collaborative effort involving BitGo, Kyber Network, and Ren, WBTC is an ERC20 token pegged 1:1 to Bitcoin. This tokenization enables seamless integration into the Ethereum ecosystem, unlocking new possibilities for smart contracts, decentralized exchanges (DEXs), and various DeFi applications.
WBTC's key features lie in its ability to standardize Bitcoin to the ERC20 format, bringing Bitcoin's liquidity to DEXs and expanding its use in the DeFi space. Custodians and merchants play pivotal roles in maintaining the security and reserves of WBTC, ensuring a decentralized and autonomous transfer of liquidity between the BTC and ETH networks. For Bitcoin holders, WBTC provides a gateway to DeFi, offering opportunities for farming, quick swaps, and participation in protocols like TokenSets, which automatically trade between WBTC and ETH to capture gains in both assets.
The uniqueness of WBTC stems from its role in combining the robustness of Bitcoin's user base and liquidity with the advanced functionalities of Ethereum's DeFi ecosystem. As an ERC20 token, WBTC can be utilized across the broader Ethereum landscape, including trading on DEXs like Uniswap and engaging in DeFi activities such as lending, borrowing, yield farming, and liquidity provision. The collaboration between BitGo, Kyber Network, and Ren has not only facilitated the creation of WBTC but has also paved the way for a more efficient and interconnected future in the world of decentralized finance.
Wrapped Bitcoin (WBTC) uniquely combines Bitcoin's liquidity with Ethereum's DeFi, enabling seamless cross-network transactions and advanced financial functionalities.
Wrapped Bitcoin (WBTC) is a joint project initiated by BitGo, Kyber Network, and Ren, bringing together expertise in digital asset custody, liquidity protocols, and cross-blockchain integration.
It does not have traditional investors or backers. Users can participate in the platform.
Wrapped Bitcoin (WBTC) runs on the Ethereum blockchain, secured by the Ethash proof-of-work consensus mechanism.
You can buy Wrapped Bitcoin (WBTC) on Binance, OKX, BybitMEXCKraken cryptocurrency exchanges.
