The current real-time price of PBTC is $247.14. In the past 24 hours, PBTC has traded between $244.2 and $249.35, showing strong market activity. The all-time high of PBTC is $5.384M, and the all-time low is $0.0082.
From a short-term perspective, the price change of PBTC over the past 1 hour is , over the past 24 hours is +0.28%, and over the past 7 days is -0.88%. These figures provide a quick overview of the latest price trends and market dynamics of PBTC on LBank.+3.80%
The live price of PBTC today is $247.14, with a current market cap of $1,946.277. The 24-hour trading volume is 20.43. The price of PBTC to USD is updated in real time.
Before deciding whether to buy or sell PBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s PBTC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for PBTC.
How much will PBTC be worth tomorrow, next week, or next month in ? What about your PBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! PBTC Price Prediction
To learn more about PBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x9ad4...30cdac  | 29 | 12.23% |
binance-smart-chain | 0x52c5...8802cc | 23 | 9.7% |
binance-smart-chain | 0x02b6...ea1b48 | 22 | 9.28% |
binance-smart-chain | 0x2a45...fa29ca | 15 | 6.33% |
binance-smart-chain | 0x434d...56a817 | 12 | 5.06% |
Other | 136.0426 | 57.39% |
pBTC is a wrapped Bitcoin launched by pNetwork, designed to represent Bitcoin (BTC) as a 1:1 pegged asset on various other blockchain networks. This allows Bitcoin's liquidity and utility to extend to diverse ecosystems like Ethereum, Arbitrum, and BNB Smart Chain, facilitating broader decentralized finance (DeFi) and interoperability use cases for the original Bitcoin asset.
Unlike some other wrapped Bitcoin solutions, where the underlying Bitcoin collateral is held by a centralized custodian, pBTC maintains its backing under a smart contract-controlled reserve. This architectural choice positions pBTC as a more decentralized alternative, aiming to reduce reliance on single points of failure and align more closely with core blockchain principles of trustlessness and censorship resistance.
pBTC serves as a vital bridge, enabling users to leverage Bitcoin's substantial liquidity and value within diverse blockchain ecosystems beyond its native network. Its primary uses include participation in decentralized finance (DeFi) protocols, such as trading on decentralized exchanges, lending and borrowing, and staking to earn rewards. It also facilitates blockchain interoperability, allowing Bitcoin to be utilized in various community and decentralized applications.
The fundamental mechanism for maintaining pBTC's 1:1 peg to Bitcoin relies on a robust collateralization system. For every pBTC token that is issued on a non-Bitcoin blockchain, an equivalent amount of native Bitcoin is securely held in reserve, typically within a smart contract or a multi-signature vault. This ensures that each pBTC token is fully backed, allowing users to redeem their pBTC for the corresponding amount of actual Bitcoin, thereby upholding its value parity.
pBTC is designed for broad cross-chain interoperability, making it available across multiple blockchain networks to expand Bitcoin's utility. Key networks where pBTC can be found include Ethereum, BNB Smart Chain, Arbitrum, Algorand, Gnosis, EOS, and Telos. This multi-chain presence allows users to seamlessly integrate Bitcoin into a wider array of decentralized applications and ecosystems, enhancing its accessibility and utility.
pTokens BTC [OLD] can be acquired on various cryptocurrency exchanges that list the token. Users can typically find it available for trading on both centralized platforms, such as LBank, and certain decentralized exchanges. When acquiring pBTC, particularly on decentralized platforms, it is always crucial to verify the correct smart contract address to ensure you are interacting with the legitimate token and to avoid potential scams.
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