WBTC Buy Token

www.wbtc.network

Total Value Locked

$180.4M

USD Locked

$180.4M

ETH Supply Locked

15,521.27

Blockchain

Ethereum

Change

3.86%

What is wbtc?

WBTC, which stands for Wrapped Bitcoin (BTC), is the first token developed using the ERC20 protocol which is pegged 1:1 to the value of Bitcoin. 

It was specifically created with the aim of adding Bitcoin within the already existing organizations, which are now operating in the field of decentralized finance and which had, in a certain sense, sidelined the much-loved Bitcoin. 

Looking objectively at the system of WBTC, it appears that the Bitcoin “fanatics” had, in a way, stayed out of the new “game” that was slowly becoming mainstream and in which they could not participate.

The main problem that was affecting the Bitcoin community was that these so-called DAOs (Decentralized Autonomous Organizations) had developed and continue to develop on the Ethereum Blockchain. The reason is simply related to a higher performance of the decentralized applications, which are developed through the smart contracts of the Ethereum network, a great peculiarity of the protocol. 

As a result, it is now possible to use the Bitcoin cryptocurrency within the Ethereum blockchain, not only combining its power with the flexibility of an ERC20 token but also bringing greater liquidity to the dApp (Decentralized Application) ecosystem. This process is made valid thanks to the execution of smart contracts, which “wrap” BTC into inputs by converting them into WBTC.

How to use wbtc?

The operation of Wrapped Bitcoin is quite simple; a user who owns a certain amount of BTC in their wallet can request either from an enabled "merchant", by undergoing KYC and/or AML processes, or through a DEX, to transform their sum into WBTC, which are minted according to the demand. This will allow the user to use them as they wish within any Lending or Margin Trading dApps, for example.

Each time a WBTC is minted or burned, the blockchain will track and verify any changes. The process of reducing the circulating supply, called "Burning" in technical language, occurs as soon as the user requests to redeem their WBTC in BTC. 

The integrity of the WBTC ecosystem is made possible thanks to the interaction of different parties, including enabled "merchants", DEXs, "custodians" and DAO members. 

It is possible to keep track of the continuous updating of the network in the WBTC "Order Book".

WBTC Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 05 Aug 2020
  • TVL USD $173,380,052
  • TVL Change $-1,181,635.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 04 Aug 2020
  • TVL USD $174,561,687
  • TVL Change $3,020,905.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 03 Aug 2020
  • TVL USD $171,540,782
  • TVL Change $-11,514,455.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 02 Aug 2020
  • TVL USD $183,055,237
  • TVL Change $7,084,063.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 01 Aug 2020
  • TVL USD $175,971,174
  • TVL Change $3,806,127.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 31 Jul 2020
  • TVL USD $172,165,047
  • TVL Change $-572,114.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 30 Jul 2020
  • TVL USD $172,737,161
  • TVL Change $3,757,863.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 0.00 ETH
  • 29 Jul 2020
  • TVL USD $168,979,298
  • TVL Change $726,920.00
  • Total ETH Locked 15,521 ETH
  • ETH Locked 1d 199.86 ETH
  • 28 Jul 2020
  • TVL USD $168,252,378
  • TVL Change $19,086,993.00
  • Total ETH Locked 15,321 ETH
  • ETH Locked 1d 248.83 ETH
  • 27 Jul 2020
  • TVL USD $149,165,385
  • TVL Change $5,612,962.00
  • Total ETH Locked 15,073 ETH
  • ETH Locked 1d 98.93 ETH
  • 26 Jul 2020
  • TVL USD $143,552,423
  • TVL Change $1,280,846.00
  • Total ETH Locked 14,974 ETH
  • ETH Locked 1d 0.00 ETH
  • 25 Jul 2020
  • TVL USD $142,271,577
  • TVL Change $971,020.00
  • Total ETH Locked 14,974 ETH
  • ETH Locked 1d 199.86 ETH
  • 24 Jul 2020
  • TVL USD $141,300,557
  • TVL Change $9,578,952.00
  • Total ETH Locked 14,774 ETH
  • ETH Locked 1d 875.62 ETH
  • 23 Jul 2020
  • TVL USD $131,721,605
  • TVL Change $17,254,052.00
  • Total ETH Locked 13,898 ETH
  • ETH Locked 1d 1,669.16 ETH
  • 22 Jul 2020
  • TVL USD $114,467,553
  • TVL Change $2,147,536.00
  • Total ETH Locked 12,229 ETH
  • ETH Locked 1d 0.00 ETH
  • 21 Jul 2020
  • TVL USD $112,320,017
  • TVL Change $120,338.00
  • Total ETH Locked 12,229 ETH
  • ETH Locked 1d 0.00 ETH
  • 20 Jul 2020
  • TVL USD $112,199,679
  • TVL Change $5,060,918.00
  • Total ETH Locked 12,229 ETH
  • ETH Locked 1d 573.66 ETH
  • 19 Jul 2020
  • TVL USD $107,138,761
  • TVL Change $2,178,535.00
  • Total ETH Locked 11,655 ETH
  • ETH Locked 1d 149.89 ETH
  • 18 Jul 2020
  • TVL USD $104,960,226
  • TVL Change $-692,628.00
  • Total ETH Locked 11,505 ETH
  • ETH Locked 1d 0.00 ETH
  • 17 Jul 2020
  • TVL USD $105,652,854
  • TVL Change $592,088.00
  • Total ETH Locked 11,505 ETH
  • ETH Locked 1d 89.94 ETH