

Instadapp WBTC (IWBTC)

Details about Instadapp WBTC cryptocurrency
Instadapp WBTC
IWBTC
Unknown for now
€26,513 ( 4.09603%)
€0
1
1
1
0.009
https://instadapp.io/
19476200x
€556514000000
Instadapp WBTC price charts
IWBTC exchanges
Instadapp WBTC, the crypto
Instadapp WBTC (IWBTC) is a cryptocurrency project that bridges the gap between Bitcoin and Ethereum networks. It is an ERC-20 token that is backed by WBTC (Wrapped Bitcoin), which is a cryptocurrency that represents Bitcoin on the Ethereum blockchain. IWBTC can be used in various DeFi protocols on Ethereum, allowing users to access various DeFi products such as DEXs, lending platforms, and more, with their Bitcoin holdings.
The point
The main point of Instadapp WBTC (IWBTC) is to enable Bitcoin holders to easily access DeFi protocols on Ethereum. By wrapping Bitcoin into an ERC-20 token, IWBTC offers a simple and efficient way for Bitcoin holders to participate in the Ethereum DeFi ecosystem without having to sell their Bitcoin holdings. This allows Bitcoin holders to take advantage of the high yield and diverse investment opportunities offered by DeFi on Ethereum.
The problem
Instadapp WBTC (IWBTC) aims to solve the problem of Bitcoin's incompatibility with the Ethereum blockchain. While Bitcoin is the most popular cryptocurrency and has immense value, it lacks the ability to participate in the Ethereum DeFi ecosystem. IWBTC solves this problem by wrapping Bitcoin into an ERC-20 token, so that Bitcoin holders can access DeFi protocols on Ethereum, which in turn will offer them a variety of investment opportunities and high yields.
Compare IWBTC and BTC performance
Timeframe | IWBTC | BTC |
---|---|---|
1h change | 0.38022 % | 0.0800664 % |
24h change | 4.01 % | 3.6319 % |
7 day change | 8.16 % | 7.75499 % |
14 day change | 6.54 % | 5.87645 % |
30 day change | 11.27 % | 10.8468 % |
200 day change | 14.98 % | 14.4125 % |
Year change | 38.46 % | 34.3868 % |