Details about Wrapped BNB cryptocurrency
€244,761,000
1,528,826
70.398
Unknown
https://www.binance.org/
1378x
€772264
Wrapped BNB price charts
WBNB exchanges
Wrapped BNB, the crypto
Wrapped BNB (WBNB) is an ERC-20 token that represents Binance Coin (BNB) on the Ethereum blockchain. It was created by the Binance exchange to enable users to utilize BNB on the Ethereum network, for purposes such as decentralized exchanges and DeFi applications.
The point
The main point of Wrapped BNB (WBNB) is to provide interoperability between Binance Chain and the Ethereum blockchain. It allows BNB holders to access Ethereum-based applications, which is beneficial for investors, traders and developers. BNB transactions can be costly on the Binance Chain, but by wrapping BNB into an ERC-20 token, users can transfer it more affordably and instantly on the Ethereum network.
The problem
Wrapped BNB (WBNB) aims to solve the problem of limited functionality for Binance Coin (BNB) on the Binance Chain. By creating an ERC-20 token, BNB holders can now use their Binance Coins in Ethereum-based decentralized applications such as Uniswap and Compound, increasing its utility and potential use cases. Furthermore, WBNB enables seamless cross-chain transactions, improving liquidity and accessibility for users.
Compare WBNB and BTC performance
| Timeframe | WBNB | BTC |
|---|---|---|
| 1h change | -0.419837 % | -0.234911 % |
| 24h change | -1.47 % | 1.25967 % |
| 7 day change | 6.8 % | -1.44157 % |
| 14 day change | -2.38 % | -9.47799 % |
| 30 day change | 6.41 % | -7.33786 % |
| 200 day change | 185.77 % | 129.168 % |
| Year change | 81.17 % | 129.33 % |