WBTC
Wrapped Bitcoin
WBTC

Wrapped Bitcoin price

in USD
Top market cap
$115,123.4
+$1,856.30 (+1.63%)
USD
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Market cap
$14.59B #9
Circulating supply
126.85K / 126.85K
All-time high
$123,440.2
24h volume
$137.18M
4.0 / 5
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About Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is a cryptocurrency that brings the value and security of Bitcoin to the Ethereum blockchain. Think of it as a digital bridge: WBTC is backed 1:1 by Bitcoin, meaning for every WBTC in circulation, there’s an equivalent Bitcoin held in reserve. This allows WBTC to combine Bitcoin’s popularity as a store of value with Ethereum’s flexibility for decentralized applications (dApps). WBTC is primarily used in decentralized finance (DeFi), where users can lend, borrow, or trade it without relying on traditional banks. By making Bitcoin compatible with Ethereum’s ecosystem, WBTC opens up new opportunities for earning, trading, and participating in blockchain-based financial services. It’s a powerful tool for anyone looking to explore the best of both worlds.
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Wrapped Bitcoin’s price performance

95% better than the stock market
Past year
+105.05%
$56.14K
3 months
+14.26%
$100.75K
30 days
+6.33%
$108.27K
7 days
-2.25%
$117.77K

Wrapped Bitcoin on socials

Lerik
Lerik
After seeing this post been thinking of its lately, the Era of One-Size-Fits-All Blockchains Is Ending As the blockchain space matures, we’re witnessing the rise of consumer-focused chains built for specific purposes: finance, everyday transactions, and other specialized verticals. Think of it like your daily productivity app or a heart & step tracker but entirely on-chain, operating within its own tailored environment, optimized for scalability and efficiency. One of the most exciting sectors is finance-specific base chain blockchains designed from the ground up to serve financial applications with speed, security, and composability. @neutron_org is one of them, a purpose-built blockchain for finance within the Cosmos ecosystem. It enables smart contracts, cross-chain interoperability, and robust DeFi infrastructure, all while maintaining a secure, capital-efficient environment for builders and users. Despite flying under the radar, Neutron has been quietly stacking impressive metrics: - $1M+ in daily volume processed in the last 24 hours - 100%+ liquidity inflows over the past year Outpacing hype-driven, capital-heavy projects in real growth metrics In case you're wondering why am so hyped, the Neutron DeFi Stack each protocol on Neutron plays a specialized role in building a self-reinforcing financial ecosystem: @dropdotmoney been drop utilising every bit of liquidity to finance other projects in the ecosystem a liquid staking protocol on neutron currently the highest THE with $36.77m @astroport_fi the biggest dex on neutron a multigrain though capitalising on other liquidity from different market @mars_protocol lending protocol on neutron currently accepting $wBTCl which is now capped and more positioning as the go to Bitfi this summer '25 sitting as $18m TVL @Levana_protocol Perps trading protocol with $1.47M TVL, expanding DeFi derivatives access recently launched $Rune and $XRP with a 4x leverage Duality the Native DEX on Neutron holding $1.21M TVL just has Hyperliquid persp is to Hyperliquid some pattern here @axvdez DEX integrating unique liquidity models, $862K TVL. Overall Neutron is proving that tailored financial base chains can outperform generalized blockchains by focusing on one thing and doing it extremely well in this case, powering an interconnected DeFi economy.
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Marvellous | DeFi🕊️🌿
Marvellous | DeFi🕊️🌿
Perps volume on @neutron_org did +14% in the last 7D. There's a couple of interesting things in this eco, and I wonder why I'm not seeing too many CT chads talk about it yet. So, let me share this one really quick. @neutron_org has nearly doubled its TVL since the last notable dip in August 2024 ($14.12m > $34.2m) There haven't been a major airdrop in this ecosystem since the one done by @neutron_org in 2023, where 70M $NTRN (7% of the total supply), was distributed to $ATOM stakers & voters. Now, @dropdotmoney is the biggest LSD on @neutron_org, but no native token yet. However, they raised $4M led by @coinfund_io last year (2024). 10% $DROP tokens is allocated for phase 1 participants in the "droplet" event which ended a few months ago. Phase 2 is live and 5% DROP tokens is allocated to participants, then TGE follows next. My strategy? It's simple: earn droplets via $NTRN in a delta-neutral style. Follow my guide here: [Capital ≈ $1k. This will buy you ≈ 9,569 $NTRN at current price of $0.104] 1/ Buy spot $NTRN via @mars_protocol 2/ Visit @dropdotmoney, and stake $NTRN to receive dNTRN which tracks $NTRN 1:1. Fyi, dNTRN is a 1:1 LSD of $NTRN. You'll use this to LP and trade. 3/ LP dNTRN/NTRN on @astroport_fi To LP, you need equal value of both assets (dNTRN & NTRN), So, withdraw $200 dNTRN, swap $200 dNTRN to $NTRN, then LP them in the dNTRN/NTRN pool. - This earns you 10x droplets - You’re now long $NTRN twice through LP & the rest of your dNTRN 4/ LP dNTRN/USDC on Astroport Withdraw $300 worth of dNTRN from Drop, swap half of it ($150) to USDC to form a balanced LP position, and LP in dNTRN/USDC pool via @astroport_fi Note: we're leaving $300 so we can use it as collateral later on. Result: - earn 50x droplets - still long $NTRN here via dNTRN - but introduces IL risk due to pairing with USDC. So we need to hedge. 5/ Hedge $NTRN exposure via perps on @mars_protocol The idea is to be delta-neutral, since you're exposed to price fluctuations via $NTRN, you'd need to offset your long exposures which are: - $400 LP in dNTRN/NTRN pool @astroport_fi - $150 LP in dNTRN/USDC pool @astroport_fi So, short $550 worth of $NTRN perps at 1.83x leverage via @mars_protocol, using the remaining dNTRN minted from @dropdotmoney as collateral, but if you're monitoring closely, you may stay around 1.1x–1.3x for safety. I think it's a dynamic move since you can use the remaining $300 worth of dNTRN as collateral. Also, this move earns you 5x droplet multiplier per $ worth of your asset. Overall results: - earning 10x droplets on dNTRN/NTRN LP - earning 50x droplets on dNTRN/USDC LP - earning 5x droplets via Mars collateral - fully hedged against price volatility via perps - Delta-neutral & yield-maximized. Enjoy your LSD farming. / Marve's out :)
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LANGERIUS
LANGERIUS
Everyone flexes TVL. @katana asks: is your capital working? VaultBridge deploys idle ETH, USDC, WBTC into lending. Chain-owned liquidity (CoL) boosts Sushi & Morpho. Productive & chain-aligned TVL = real economic health. No idle TVL. Just power.
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2.72K
100
Permabull Niño
Permabull Niño
dynamic fee sharing coming soon too which could boost these pools even more very bulla on dynamic fee sharing between yield tokens and gammapools, could create a fun yield game for those who like to participate gamma @GammaSwapLabs
ZeroToTom
ZeroToTom
DeFi remains on [EASY MODE]. The Top 4 Yields on @GammaSwapLabs:👇 1) WETH/USDT Pool(Arbitrum) 🔸156.6% APY, 152.3% APY in esGS 2) WETH/WBTC Pool(Arbitrum) 🔸146.9% APY, 145.5% APY in esGS 3) cbBTC/WETH Pool(Base) 🔸141.7% APY, 140.2$ APY in esGS 4) $PENDLE/WETH Pool(Arbitrum) 🔸139% APY, 135.7% APY in esGS Reminder that the esGS only takes 30 days to vest into $GS. Enjoy these yields whilst you can friends.
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Wrapped Bitcoin FAQ

Wrapped Bitcoin (WBTC) is an Ethereum-based token that serves as a representation of the value of Bitcoin on the Ethereum network. Created by custodians who hold Bitcoin reserves, WBTC is issued in a 1:1 ratio, enabling users to access and utilize Bitcoin's liquidity and value within the Ethereum and larger DeFi ecosystem.

WBTC brings Bitcoin's liquidity and value to the Ethereum network, allowing users to access a wide range of DeFi protocols and applications. It enables BTC holders to participate in DeFi platforms, such as lending, borrowing, yield farming, and decentralized exchanges, while still retaining exposure to Bitcoin's value. WBTC bridges the gap between Bitcoin and Ethereum, enabling seamless movement of value and assets between the two major ecosystems.

While it’s challenging to predict the exact future price of WBTC, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one Wrapped Bitcoin is worth $115,123.4. 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.

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Market cap
$14.59B #9
Circulating supply
126.85K / 126.85K
All-time high
$123,440.2
24h volume
$137.18M
4.0 / 5
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