Symbiosis SyBTCPrice(SYBTC)
Details Symbiosis SyBTC (SYBTC) Price information (USD)
The current real-time price of SYBTC is $66,768. In the past 24 hours, SYBTC has traded between $66,609 and $67,532, showing strong market activity. The all-time high of SYBTC is $126.825K, and the all-time low is $59,636.
From a short-term perspective, the price change of SYBTC over the past 1 hour is
Symbiosis SyBTC (SYBTC) Market Information
Symbiosis SyBTC (SYBTC) Today's Price
The live price of SYBTC today is $66,768, with a current market cap of $786.093K. The 24-hour trading volume is 178K. The price of SYBTC to USD is updated in real time.
Symbiosis SyBTC (SYBTC) Price History (USD)
What is SYMBIOSIS SYBTC (SYBTC)?
When is the right time to buy SYBTC? Should I buy or sell SYBTC now?
Before deciding whether to buy or sell SYBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SYBTC technical analysis can provide you with trading references.
Future price trend of SYBTC
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SYBTC.
How much will SYBTC be worth tomorrow, next week, or next month in ? What about your SYBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SYBTC Price Prediction
How to buy SYMBIOSIS SYBTC (SYBTC)
Convert SYBTC to local currency
SYBTC Resources
To learn more about SYBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x0978...ba2d2d  | 6 | 84.27% |
binance-smart-chain | 0x1fb3...95b813 | 1 | 14.05% |
binance-smart-chain | 0x3ac0...ea80b5 | 0 | 0% |
binance-smart-chain | 0x60b9...4276ea | 0 | 0% |
binance-smart-chain | 0x0988...10bb2b | 0 | 0% |
Other | 0.119574 | 1.68% |
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SYMBIOSIS SYBTC (SYBTC) FAQ
What is syBTC and how does it relate to native Bitcoin?
syBTC is the Symbiosis Finance wrapped version of Bitcoin, functioning as a synthetic representation or "transit token." While native BTC exists solely on the Bitcoin blockchain, syBTC allows users to utilize their Bitcoin liquidity across various smart-contract-enabled networks like ZKsync Era, BNB Chain, and Rootstock. It is backed 1:1 by native BTC locked in the protocol's vaults, enabling participation in decentralized finance (DeFi) activities such as swapping and yield farming on different blockchains.
How does the Symbiosis Bitcoin Bridge facilitate cross-chain transfers?
The bridge operates through a decentralized network of Relayers and a Threshold Signature Scheme (TSS). When a user sends native BTC to a designated vault address, the Relayer network verifies the transaction. Once confirmed, the protocol triggers the minting of syBTC on the user's chosen destination chain. This mechanism ensures that the value of the Bitcoin is securely transferred and represented on the target ecosystem without requiring a central intermediary.
Can users bridge Wrapped Bitcoin (WBTC) directly to native BTC?
Yes, Symbiosis provides a streamlined "one-click" swap feature that allows users to exchange Wrapped Bitcoin (WBTC) on Ethereum for native BTC on the Bitcoin network. This process eliminates the need to use centralized platforms for the conversion. By leveraging the protocol’s liquidity routing, users can move between tokenized versions of Bitcoin and the original asset efficiently while maintaining control over their transactions.
What security measures and audits protect the syBTC infrastructure?
Security is a primary focus for the Symbiosis protocol. The syBTC smart contracts and the underlying bridge infrastructure have undergone rigorous audits by prominent security firms, including Zokyo, Omniscia, and PeckShield. These audits specifically evaluate the minting and burning logic, as well as the security of the Relayer network. This comprehensive review process ensures that the technical framework governing the synthetic BTC is robust and resilient against potential vulnerabilities.
Is Symbiosis a custodial protocol, and who controls the locked BTC?
Symbiosis is a non-custodial protocol, meaning users retain ownership of their private keys throughout the bridging process. The native BTC locked during the minting of syBTC is secured by a decentralized network of relayers using Multi-Party Computation (MPC). This decentralized approach ensures that no single entity has total control over the collateral, providing a trust-minimized environment for users seeking to move liquidity across different chains.
Where can users trade SYBTC and how can they use it for yield?
SYBTC can be traded on LBank or through the Symbiosis WebApp, where liquidity is maintained for efficient swaps. Beyond trading, users can utilize SYBTC to earn yield by participating in Octopools—Symbiosis’ native liquidity pools—or other integrated DeFi protocols on supported chains like ZKsync and Rootstock. These platforms allow holders to earn trading fees or liquidity mining rewards, maximizing the utility of their Bitcoin assets in a multi-chain environment.
