WBTC
Wrapped Bitcoin
WBTC

Wrapped Bitcoin price

in AUD
A$171,100.63
+A$1,566 (+0.92%)
AUD
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Market cap
A$21.75B #12
Circulating supply
127.04K / 127.04K
All-time high
A$191,027.16
24h volume
A$528.72M
4.0 / 5
WBTCWBTC
AUDAUD

About Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin designed to bring the value and liquidity of Bitcoin into the Ethereum ecosystem. Each WBTC is backed 1:1 by Bitcoin, meaning for every WBTC in circulation, an equivalent amount of Bitcoin is securely held in reserve. This allows Bitcoin holders to access Ethereum-based decentralized finance (DeFi) applications, such as lending, borrowing, and trading, without selling their Bitcoin. By bridging Bitcoin to Ethereum, WBTC enables users to earn yield, provide liquidity, and participate in DeFi while maintaining exposure to Bitcoin's value. It's a powerful tool for unlocking Bitcoin's potential in a multi-chain world.
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Wrapped Bitcoin’s price performance

Past year
+80.23%
A$94.93K
3 months
+3.79%
A$164.84K
30 days
-6.06%
A$182.14K
7 days
-2.23%
A$174.99K

Wrapped Bitcoin on socials

韭而韭之(Monad)
韭而韭之(Monad)
Currently, most narratives related to BTC are basically irrelevant to the BTC mainnet; it can't be helped, as the Bitcoin network dictates this. The approach of WBTC is somewhat acceptable, better than the domestic Odin meal 😂 However, I still believe that BTC doesn't really need an ecosystem; the related derivative assets are all just creating new "scams."
庞教主
庞教主
Lombard's public sale valuation is 450 million, while Babylon's FDV is only 490 million??? I’ve seen quite a few people discussing @Lombard_Finance's community round public sale on Buidlpad, backed by Polychain and YZI, and it’s the third carefully selected public sale on @buidlpad. Overall, everything is top-notch, but I won’t dwell on that since others have already talked about it extensively. Instead, I’ll share my understanding of Lombard and whether it’s worth participating from a valuation perspective. Lombard's public sale valuation is 450 million, while Babylon's current FDV is only 490 million USD. I found this puzzling, so I delved deeper to understand what this is all about. Let’s start with wbtc. Wbtc is a cross-chain wrapped version of BTC because the BTC main chain doesn’t support smart contracts. Seeing the lending and LP mining activities thriving in the ETH ecosystem, I decided to entrust my BTC to BitGo, which then gives me wbtc on the ETH chain, allowing me to engage in yield farming on ETH. This is the original demand that led to the creation of wbtc. Understanding the logic of wbtc makes it easier to grasp Lombard. Lombard's core product is its LBTC. I first encountered LBTC while mining on the Sui chain. In fact, LBTC is available on 12 chains, including Ethereum, Base, Solana, and BNB Chain, and it comes with yield, similar to stETH, making it a type of LST asset, which distinguishes it from the earlier wbtc assets. So, what’s the significance of this? When LBTC appears in various chain DeFi, for example, as the exclusive yield-bearing BTC collateral on Aave, or when LBTC is used for LP and lending mining on the Sui chain, or even appears on CEX trading lists, people gradually adapt to the idea that "this is BTC, and it’s yield-bearing BTC." Yes, that’s the situation. This scenario is somewhat akin to the early days of USDT and USDC, where the US dollar, as a real asset, couldn’t be directly brought on-chain and was naturally isolated from the chain. Then Tether said, "You can collateralize real USD with me, and I’ll give you a USDT on-chain, pegged to the value of 1 dollar." Is that a joke? Looking back, is it still a joke? Haha. The relationship between BTC and LBTC is quite similar to that between real USD and USDT/USDC. The limitations of BTC on its own chain and the existing active chain ecosystems are also naturally isolated. Now the context is clear. Lombard essentially plays the role of Tether and Circle, but Lombard's target asset product is BTC, while Tether and Circle target the US dollar. The product logic and development path are the same, so Lombard's valuation system can be well referenced against Circle (for public listing). The total circulation of USDC across chains is 67 billion, while LBTC is about 1.5 billion. Circle (NYSE: CRCL) has a market cap of about 29 billion USD, and the ratio of USDC's volume to Circle's market cap is approximately 0.43, with LBTC at 1.5 billion. Correspondingly, the valuation of Lombard's bard token would be 645 million. However, it’s important to realize that Lombard currently holds a monopoly advantage in the LST BTC field and is in the early growth stage, which allows for greater imagination. In the valuation comparison, the leading stablecoin is Tether's USDT, but Tether is not publicly listed, so we can only reference Circle as the second leader. As the first leader, Lombard has an additional leader premium. Considering the factors of the Buidlpad public sale, the bard token valuation should be higher than 645 million, while the public sale valuation of 450 million is a relatively safe and good participation value.
3.66K
1
Martin Ho 🧩 $BARD
Martin Ho 🧩 $BARD
This week I read a post from Evin (Provenauthority) on TechRadar, and I have to say it was exactly what I was worried about when it came to age checks. Age verification is no longer just for adult content, it’s now spreading to social media and gaming. It sounds reasonable, but the risks behind it are not small: Mass surveillance on a large scale Huge data honeypots where personal information becomes a lucrative target for hackers. What impressed me was the way @billions_ntwk approached it: instead of adding barriers and surveillance, they are building a privacy-first verification solution simple, private, and truly user-centric. In a world where age checks may become mandatory, billions is acting as a “shield” to protect Internet privacy. It’s exciting to see Momentum - @MMTFinance announce a partnership with MerlinLayer2 – one of the fastest growing Bitcoin Layer 2s today. This partnership is more than just a partnership, it opens the door for BTCFi to explode on Sui. With the launch of MBTC/WBTC pool on Momentum, users can: Take advantage of BTC liquidity right on the Sui ecosystem Experience yield farming and high-opportunity DeFi, but still safe thanks to Merlin Bring the Sui community together ↔️ Bitcoin Layer 2 What I find most interesting is that MerlinLayer2 brings speed technology, while Momentum brings DeFi opportunities tied to BTC. One side is the “highway”, the other side is the “port of trade”. When these two pieces join forces, BTCFi on Sui could truly become one of the next explosive ecosystems. Just landed from @Hyperpiexyz_io: Hyperpie has officially surpassed $500K trading volume. This is not just a number, but a sign that HyperEVM is opening a new era for the meme economy. From meme coins that were thought to be just for fun, they have now become real liquidity flows, traded, held, and are creating new waves for the whole community. As a follower from the beginning, I see one thing clearly: Hyperpie is not simply a meme DEX, but also a launching pad for all crazy ideas to become reality. When the community of degens, creators and meme lords converge, the explosive liquidity is just the beginning. Today's $500K could soon become $5M or $50M tomorrow. The meme economy on HyperEVM has just begun.
Gallery 1
5.24K
20
Steve
Steve
If there is someone at the @SuiNetwork (@SuiFoundation) in charge of the Sui Bridge, I hope they can urgently look into this inquiry. 0.7 BTC is a significant amount, and right now my friend's asset has been stuck in the bridge for around three days without any progress. From a user’s perspective, it is extremely frustrating to have such a large sum locked up without even being informed of when the bridging will be completed. If there is a person responsible for managing the Sui Bridge, please contact me directly or address this issue after seeing this message.
Rejamong.eth
Rejamong.eth
Has anyone tried the @SuiNetwork bridge..? 😢 I found out that the limit is lifted daily, but it's the third day now, and I'm wondering how much longer I have to wait and when I can withdraw. It seems like they're gathering KOLs in Bali and putting on events, but with actual users and liquidity being lower compared to other chains, if even the native bridge is hard to use, shouldn't they focus on improving the basics instead of just silencing KOLs with events?
Gallery 1
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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.

Easily buy WBTC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include WBTC/USDT and WBTC/BTC.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for WBTC with zero fees and no price slippage by using OKX Convert.

Currently, one Wrapped Bitcoin is worth A$171,100.63. 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
A$21.75B #12
Circulating supply
127.04K / 127.04K
All-time high
A$191,027.16
24h volume
A$528.72M
4.0 / 5
WBTCWBTC
AUDAUD
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