The current real-time price of WBTC is $89,297. In the past 24 hours, WBTC has traded between $88,412 and $90,686, showing strong market activity. The all-time high of WBTC is $126.009K, and the all-time low is $2,426.27.
From a short-term perspective, the price change of WBTC over the past 1 hour is , over the past 24 hours is -0.14%, and over the past 7 days is +0.06%. These figures provide a quick overview of the latest price trends and market dynamics of WBTC on LBank.-5.91%
The live price of WBTC today is $89,297, with a current market cap of $0. The 24-hour trading volume is 4M. The price of WBTC to USD is updated in real time.
Before deciding whether to buy or sell WBTC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WBTC 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 WBTC.
How much will WBTC be worth tomorrow, next week, or next month in ? What about your WBTC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WBTC Price Prediction
To learn more about WBTC, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | AVzP2G...NWQK49  | 2,939.488 | 73.75% |
solana | 44P5Ct...J4Dyra | 80.00280 | 2.01% |
solana | JCNCMF...XXJfrw | 47.13095 | 1.18% |
solana | 24BLFj...TkLChr | 45.87910 | 1.15% |
solana | 5Qb9RJ...WDdB2T | 35.03784 | 0.88% |
Other | 838.4025 | 21.03% |
Wrapped BTC (Wormhole) (wBTC) is a token that enables the bridging of assets between different blockchain platforms. It facilitates permissionless transfers and transactions on various Layer 1 blockchains. Essentially, it's a representation of Bitcoin on another blockchain, like Ethereum or Solana, pegged 1:1 to Bitcoin (BTC), meaning one wBTC is equivalent to one BTC.
wBTC works by 'wrapping' Bitcoin into a compatible token format, such as ERC-20. The original Bitcoin is locked in a smart contract on its native chain, and an equivalent wrapped token is minted on the destination chain. The Wormhole protocol acts as a cross-chain bridge, relaying data or messages from a source blockchain to a destination chain via a system of validators. This mechanism ensures seamless wBTC functionality across different blockchain ecosystems.
wBTC tokens can be traded on various decentralized exchanges. Users can also find wBTC available for trading on centralized exchanges such as LBank.
wBTC serves as a crucial bridge, connecting Bitcoin's value with the decentralized finance (DeFi) ecosystems of other blockchains. It allows Bitcoin holders to participate in DeFi applications, using wBTC as collateral for lending or for providing liquidity on various platforms. This greatly expands Bitcoin's utility beyond its native blockchain, bringing its substantial liquidity to other networks.
The price of Wrapped BTC (Wormhole) (wBTC) is calculated in real-time by aggregating the latest data across multiple exchanges and markets. This is typically achieved using a global volume-weighted average formula, ensuring the price reflects its 1:1 peg to Bitcoin across various trading venues.
While generally considered technically safe due to its 1:1 backing with Bitcoin and secure operation, a concern with wBTC is the reliance on custodians. This introduces a degree of centralization, which contrasts with Bitcoin's decentralized ethos. However, wBTC projects are often managed by Decentralized Autonomous Organizations (DAOs) that can vote on custodian changes, and the backing BTC is verifiable through a 'proof of reserve' system.
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