WBTC
Wrapped Bitcoin
WBTC

Wrapped Bitcoin price

in USD
$114,625.9
-$3,908.20 (-3.30%)
USD
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Market cap
$14.55B
Circulating supply
126.85K / 126.85K
All-time high
$123,440.2
24h volume
$211.85M
4.0 / 5
WBTCWBTC
USDUSD

About Wrapped Bitcoin

Wrapped Bitcoin is a token that represents Bitcoin on the Ethereum blockchain. Each WBTC token is backed 1:1 by actual Bitcoin held in reserve, allowing users to interact with Ethereum-based decentralized applications while maintaining exposure to Bitcoin’s value. For investors, WBTC bridges the gap between Bitcoin and Ethereum ecosystems. This tokenized version of Bitcoin enables the use of Bitcoin in lending, trading, and DeFi platforms that operate on Ethereum, expanding Bitcoin’s utility in a secure and transparent way.
Others
Official website
White Paper
Block explorer
CertiK
Last audit: --

Wrapped Bitcoin’s price performance

72% better than the stock market
Past year
+82.06%
$62.96K
3 months
+18.94%
$96.37K
30 days
+5.45%
$108.70K
7 days
-0.81%
$115.56K

Wrapped Bitcoin on socials

sanyi.eth
sanyi.eth
Some fragmentary information 1/ Users who have been on APT's Yapper list on Kaito can go to the link below to check if there are any airdrop rewards from APT officials Link: I didn't have it this time, the cliché: The connected account is not eligible for this $APT claim. 2/ If you have spare money, you can stake some usde on @Terminal_fi Link: They are essentially a DeFi project based on @ethena_labs, which is now in the pre-storage stage. Saving usde can get 30 times the points, which is quite high. Then the main thing is this thing, after a while, you may get a financing, and blindly guess that Palatin will participate.
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9K
5
0xzhaozhao $M | 🐜
0xzhaozhao $M | 🐜
If you hold USDT and WBTC on BOB @build_on_bob @Build_on_bob_CH, remember to manually migrate! Official migration channel link This migration is to exchange WBTC for the LayerZero OFT (Omnichain Fungible Token) version of BTC, and USDT for OpenUSDT's OUSDT. ⭐️ New WBTC contract address: 0x0555E30da8f98308EdB960aa94C0Db47230d2B9c ⭐️ New OUSDT contract address: 0x1217BfE6c773EEC6cc4A38b5Dc45B92292B6E189
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BOBchinese
BOBchinese
BOB (@build_on_bob) is upgrading $USDT and $WBTC on-chain for stronger cross-chain interoperability! 🚀 Attention existing holders: you need to manually exchange for the new version of the assets! Operation guide👇 Check it out now!
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4.37K
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陈小艺
陈小艺
Bitcoin DeFi has finally found its true savior—Atomic Swaps! Brothers, have you noticed something particularly frustrating? Bitcoin is clearly the big brother in the cryptocurrency world, with top-notch security and decentralization, yet in the DeFi space, it’s treated like a "second-class citizen"! Why? Because to play DeFi now, you either have to wrap BTC into wBTC or use those unreliable cross-chain bridges, which forces us to give up Bitcoin's most powerful feature of "self-custody"! Good news! @PortaltoBitcoin has developed a black technology called "Atomic Swaps", and now we Bitcoin players can finally hold our heads high! In simple terms: Want to swap BTC for ETH? No need for intermediaries! No worries about the other party running away! And you don’t have to give your private keys to anyone! How does it work? You lock BTC on the Bitcoin chain (don’t worry, only you can unlock it) The other party locks ETH on Ethereum The system automatically checks: Are both sides locked? Swap immediately! What if someone tries to cheat? Assets are returned instantly, no one gets to take advantage! What’s so great about this? True peer-to-peer trading, no middlemen taking a cut You control your private keys throughout, assets are absolutely secure Supports direct trading with other chains, no more relying on wBTC All operations are transparent and visible on-chain Honestly, I’ve had enough of those wrapped coins and cross-chain bridges. They often have issues, and we always have to trust third parties. Now with Atomic Swaps, Bitcoin can finally stand tall in the DeFi space! Do you think this technology can change Bitcoin's status in DeFi? @PortaltoBitcoin
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Wrapped Bitcoin FAQ

Currently, one Wrapped Bitcoin is worth $114,625.9. For answers and insight into Wrapped Bitcoin's price action, you're in the right place. Explore the latest Wrapped Bitcoin charts and trade responsibly with OKX.
Cryptocurrencies, such as Wrapped Bitcoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Wrapped Bitcoin have been created as well.
Check out our Wrapped Bitcoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Wrapped Bitcoin

The decentralized finance (DeFi) landscape has experienced a rapid surge in popularity, transforming the way we interact with traditional finance systems. Bitcoin (BTC), as the world's largest cryptocurrency by market capitalization, plays a vital role. Wrapped Bitcoin (WBTC) was introduced to provide users with access to Bitcoin's liquidity and benefits within the DeFi ecosystem.

What is Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is an Ethereum-based token designed to bring the liquidity and value of Bitcoin to the Ethereum network and the broader DeFi ecosystem. As an ERC-20 token pegged 1:1 to BTC, each WBTC represents an equivalent amount of BTC. This is made possible through a custodian model, where approved custodians hold the BTC in reserve. By wrapping BTC in an ERC-20 format, users gain access to the versatility of Ethereum and can seamlessly utilize BTC in a variety of DeFi applications.

The Wrapped Bitcoin team

The Wrapped Bitcoin project is a collaborative effort by several industry-leading players. The team behind WBTC comprises prominent organizations such as BitGo, Ren, and Kyber Network. BitGo acts as the primary custodian for Bitcoin reserves, ensuring the safety and integrity of the underlying assets. Ren facilitates the wrapping process, allowing BTC holders to convert their BTC into WBTC. Meanwhile, Kyber Network provides liquidity for WBTC, enabling seamless integration into the DeFi ecosystem.

How does Wrapped Bitcoin work

Wrapped Bitcoin (WBTC) operates through a network of reputable and audited custodians responsible for holding the Bitcoin reserves. To obtain WBTC, users send their BTC to one of these approved custodians, who then generate an equivalent amount of WBTC on the Ethereum network. Ren's decentralized custodial solution facilitates this wrapping process. WBTC can be redeemed for BTC at any time, with the corresponding amount of WBTC burned.

Wrapped Bitcoin’s native token: WBTC

WBTC is the native token of the Wrapped Bitcoin ecosystem. It functions as an ERC-20 token on the Ethereum blockchain, making it easily tradable and compatible with various decentralized exchanges (DEX), wallets, and decentralized applications (dApps). With WBTC, users can participate in DeFi protocols, including lending, borrowing, liquidity provision, and yield farming, while still maintaining exposure to Bitcoin's value.

WBTC tokenomics

The total supply of WBTC is determined by the number of BTC tokens held in secure custody. Each WBTC token in circulation represents an equivalent amount of BTC stored and accounted for. This 1:1 pegging mechanism ensures that the value of WBTC remains consistent with that of BTC. Regular audits conducted by third-party firms further enhance transparency and verify the integrity of WBTC, reassuring users about the custodial reserves and token supply.

WBTC use cases

WBTC opens up numerous opportunities for Bitcoin holders within the DeFi ecosystem. Holders can leverage WBTC as collateral to borrow stablecoins or other digital assets, thus unlocking liquidity without selling their BTC holdings. WBTC can also be utilized in DEXs for trading against other ERC-20 tokens or providing liquidity in automated market makers (AMM). Additionally, WBTC enables BTC holders to access yield farming strategies and participate in decentralized lending platforms.

WBTC token distribution

WBTC's token distribution is primarily facilitated through approved custodians, who create new WBTC tokens in exchange for BTC deposits. These custodians undergo stringent compliance and security measures to ensure the safety of the underlying assets. The transparency and accountability of the custodian model offer reassurance to users, as the wrapped tokens are minted and redeemed based on verifiable reserves.

WBTC: Bridging the gap between Bitcoin and DeFi

Wrapped Bitcoin has emerged as a vital bridge between Bitcoin and the Ethereum-based DeFi ecosystem. By enabling Bitcoin's liquidity and value to flow seamlessly into DeFi applications, WBTC expands the capabilities and utility of BTC while maintaining its 1:1 peg. With a trusted custodian model, transparent tokenomics, and a growing range of use cases, WBTC continues to play a crucial role in unlocking the potential of both Bitcoin and DeFi.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$14.55B
Circulating supply
126.85K / 126.85K
All-time high
$123,440.2
24h volume
$211.85M
4.0 / 5
WBTCWBTC
USDUSD
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