Details about Wrapped xBTC cryptocurrency
€13
238,049
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https://xbtc.fi
@XBTC_Official
Wrapped xBTC price charts
WXBTC exchanges
Wrapped xBTC, the crypto
Wrapped xBTC (WXBTC) is an ERC-20 token that is pegged to the value of bitcoin (BTC) and can be traded on Ethereum-based decentralized exchanges (DEXs). It represents 1 BTC in value and is backed by actual BTC stored by a custodian.
The point
The main point of Wrapped xBTC (WXBTC) is to enable bitcoin holders to participate in the DeFi ecosystem, which is largely built on the Ethereum blockchain. By wrapping their BTC in the form of WXBTC, bitcoin holders can access Ethereum-based DEXs and other DeFi applications.
The problem
Wrapped xBTC (WXBTC) tries to solve the problem of the incompatibility of the Bitcoin and Ethereum blockchains. By creating an ERC-20 token that represents BTC, bitcoin holders can now participate in the DeFi ecosystem and access the various applications and opportunities it provides.
Compare WXBTC and BTC performance
Timeframe | WXBTC | BTC |
---|---|---|
1h change | 0 % | -0.579702 % |
24h change | 0 % | -1.11434 % |
7 day change | 0 % | 4.67647 % |
14 day change | 10.05 % | -2.83858 % |
30 day change | -27.57 % | 1.48606 % |
200 day change | 39.19 % | 133.998 % |
Year change | -41.38 % | 146.97 % |