Wrapped Bitcoin (Sollet) (SOBTC)
Details about Wrapped Bitcoin (Sollet) cryptocurrency
€693
16,149
0
Unknown
66140x
€72509300
Wrapped Bitcoin (Sollet) price charts
SOBTC exchanges
Wrapped Bitcoin (Sollet), the crypto
Wrapped Bitcoin (Sollet) (SOBTC) is a tokenized version of Bitcoin designed to run on the Solana blockchain. Essentially, it's a way to utilize Bitcoin's liquidity and scalability on the Solana network. This allows for faster and cheaper transactions for Bitcoin users without having to convert to another cryptocurrency.
The point
The main point of Wrapped Bitcoin (Sollet) (SOBTC) is to bring Bitcoin to the Solana ecosystem and enable users to take advantage of faster and cheaper transactions. It allows Bitcoin users to access the benefits of the Solana network without having to sell or exchange their Bitcoin holdings.
The problem
Wrapped Bitcoin (Sollet) (SOBTC) tries to solve the problem of slow and expensive Bitcoin transactions. By creating a tokenized version of Bitcoin on the Solana blockchain, users can utilize the fast and low-cost transaction capabilities of Solana while still holding Bitcoin. Additionally, SOBTC makes it easier for Bitcoin users to access decentralized finance (DeFi) applications built on Solana.
Compare SOBTC and BTC performance
| Timeframe | SOBTC | BTC |
|---|---|---|
| 1h change | 0.0416052 % | -0.411925 % |
| 24h change | -5.79 % | -4.90312 % |
| 7 day change | -27.4 % | -9.31881 % |
| 14 day change | -22.11 % | -2.94054 % |
| 30 day change | -26.99 % | -3.24116 % |
| 200 day change | -15.11 % | 131.652 % |
| Year change | -40.34 % | 116.184 % |