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Wrapped Bitcoin

WBTC

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Wrapped Bitcoin Basic
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Wrapped Bitcoin Info

White paper
white paper
Website
wbtc.network
Contracts
Ethereum:0x22...c599
Fantom:0x32...1b11
Avalanche C-Chain:0x40...5bab
Polygon:0x1b...bfd6
TomoChain:0x50...aade
Optimism:0x68...2095
Arbitrum:0x2f...5B0f
Zilliqa:zil1...qtjq
Cronos:0x06...7d52
Harmony:0x30...f2d9
Solana:3NZ9...qmJh
Terra Classic:terr...0v55
Moonbeam:0x92...12e1
Aurora:0xf4...e89e
Telos:0xf3...cbc2
Velas:0x31...c621
Metis Andromeda:0xa5...18f4
Moonriver:0x78...97c3
KCC:0xfA...258C
IoTex:0xC7...3dEA
Milkomeda:0x6a...91a8
Near:2260...near
Everscale:0:2b...2bcf
Conflux:0x1f...16d8
Waves:8LQW...4AJS
Stacks:SP3K...wbtc
TON:EQDc...G5L5
Explorers
etherscan.io
ethplorer.io
blockscout.com
tomochain.com
polygonscan.com
nearblocks.io
crypto.org
snowtrace.io
aurora.dev
moonscan.io
Community
Twitter
Source code
github.com
Sector
BTC
First issue time
Jan 31, 2019
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Wrapped Bitcoin Team

Organizations
Kyber Network
A DeFi protocol that enables users to exchange crypto assets without an intermediary
BitGo Inc
Provide the most secure and scalable solutions for the digital asset economy, offering regulated custody, borrowing and lending
Republic Protocol
Open protocol that enables the movement of value between blockchains
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Wrapped Bitcoin Intro

WBTC (Wrapped Bitcoin) is an ERC-20 token launched in January 2019, designed to bring Bitcoin liquidity into Ethereum’s decentralized finance (DeFi) ecosystem. Each WBTC is backed 1:1 by Bitcoin, allowing users to participate in DeFi activities such as lending, staking, and yield farming on the Ethereum network while retaining the value of Bitcoin. WBTC is created through a "wrapping" process, where Bitcoin is locked in a custodian account (currently managed by BitGo) and an equivalent amount of WBTC is minted.

In 2024, WBTC's custodial structure underwent significant changes, sparking widespread attention in the crypto community. BitGo announced a partnership with Justin Sun (founder of Tron) and BiT Global, a Hong Kong-based firm, to decentralize WBTC’s custody across multiple jurisdictions, including Hong Kong and Singapore. This move aimed to enhance the decentralization of custody and reduce concentrated risks. However, due to Sun’s controversial history in the cryptocurrency space, this partnership raised concerns within the community. MakerDAO, a major DeFi protocol, voiced worries about Sun's involvement and discussed reducing its exposure to WBTC on its platform.

Despite these concerns, BitGo reassured the community that the security and transparency of WBTC remain unchanged, with key management procedures still in place to ensure that no single party has control over WBTC reserves. Justin Sun also clarified that his role is purely strategic, with no direct control over WBTC assets.

Although the 2024 custody changes have stirred controversy, particularly regarding Sun’s involvement, WBTC remains a crucial bridge between Bitcoin and Ethereum’s DeFi ecosystem. With the introduction of more decentralized custodial models, WBTC continues to offer users the opportunity to leverage their Bitcoin assets for smart contracts, decentralized lending, and staking. As the crypto landscape evolves, WBTC’s technical architecture and security are continually improving, providing users with more options in cross-chain applications. Looking ahead, innovations in decentralized custody and cross-chain applications are expected to further expand Bitcoin’s role within the Ethereum ecosystem.

Above are only for introduction, not intended as investment advice.

Wrapped Bitcoin Unlock & Allocation
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Q&A about Wrapped Bitcoin Tokenomics

Explore the tokenomics of Wrapped Bitcoin (WBTC) and review the project details below.


What is the allocation for Wrapped Bitcoin (WBTC)?

WBTC does not have an initial allocation.


What is the supply schedule for Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) does not have a specific supply schedule like Bitcoin. It is an ERC-20 token on the Ethereum blockchain that represents Bitcoin. Each WBTC is backed 1:1 with Bitcoin.

The supply of WBTC increases or decreases based on the demand for it. When someone wants more WBTC, they can send Bitcoin to the WBTC custodian, who then mints an equivalent amount of WBTC. Conversely, if someone wants to redeem their WBTC for Bitcoin, the custodian burns the WBTC and sends them the equivalent amount of Bitcoin. So, the supply of WBTC is not pre-determined or scheduled, but rather it is dynamic and changes based on the market demand.

To view real-time updates on token information, you can visit https://etherscan.io/token/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599

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Wrapped Bitcoin Price Live Data
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The live Wrapped Bitcoin price today is $102,511.4 USD with a 24-hour trading volume of 381,293,496 USD. We update our Wrapped Bitcoin to USD price in real-time. Wrapped Bitcoin is -1.82% in the last 24 hours. The current SoSoValue marketcap ranking is # 12, with a live market cap of $ 13,204,903,480 USD. It has a circulating supply of 128,814 WBTC coins and a max supply of 128,814 WBTC coins.
Wrapped Bitcoin
WBTC
#12
$0
-1.82%
Total dollar volume24H
$381,293,496
High24H
105,722.7 USDT
Low24H
100,699.9 USDT
Market Cap
#12$13,204,903,480
FDV
$13,204,903,480
Market Cap / FDV Ratio
1.00
Turnover rate
2.89%
Circulating supply
128,814
Total supply
128,814
Max supply
128,814
All time high
109,295.9 USDT
All time high date
Jan 20, 2025
Down from All time high
-6.21%
Cycle low
74,341.95 USDT
Cycle low date
Apr 07, 2025
Up from cycle low
37.89%
Contracts
Ethereum:0x22...c599
Official links
Website
White paper
Socials
Twitter
Introduction

WBTC (Wrapped Bitcoin) is an ERC-20 token launched in January 2019, designed to bring Bitcoin liquidity into Ethereum’s decentralized finance (DeFi) ecosystem. Each WBTC is backed 1:1 by Bitcoin, allowing users to participate in DeFi activities such as lending, staking, and yield farming on the Ethereum network while retaining the value of Bitcoin. WBTC is created through a "wrapping" process, where Bitcoin is locked in a custodian account (currently managed by BitGo) and an equivalent amount of WBTC is minted.

In 2024, WBTC's custodial structure underwent significant changes, sparking widespread attention in the crypto community. BitGo announced a partnership with Justin Sun (founder of Tron) and BiT Global, a Hong Kong-based firm, to decentralize WBTC’s custody across multiple jurisdictions, including Hong Kong and Singapore. This move aimed to enhance the decentralization of custody and reduce concentrated risks. However, due to Sun’s controversial history in the cryptocurrency space, this partnership raised concerns within the community. MakerDAO, a major DeFi protocol, voiced worries about Sun's involvement and discussed reducing its exposure to WBTC on its platform.

Despite these concerns, BitGo reassured the community that the security and transparency of WBTC remain unchanged, with key management procedures still in place to ensure that no single party has control over WBTC reserves. Justin Sun also clarified that his role is purely strategic, with no direct control over WBTC assets.

Although the 2024 custody changes have stirred controversy, particularly regarding Sun’s involvement, WBTC remains a crucial bridge between Bitcoin and Ethereum’s DeFi ecosystem. With the introduction of more decentralized custodial models, WBTC continues to offer users the opportunity to leverage their Bitcoin assets for smart contracts, decentralized lending, and staking. As the crypto landscape evolves, WBTC’s technical architecture and security are continually improving, providing users with more options in cross-chain applications. Looking ahead, innovations in decentralized custody and cross-chain applications are expected to further expand Bitcoin’s role within the Ethereum ecosystem.

Above are only for introduction, not intended as investment advice.

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