The current real-time price of WFRAGSOL is $136.8. In the past 24 hours, WFRAGSOL has traded between $132.18 and $136.8, showing strong market activity. The all-time high of WFRAGSOL is $271.8, and the all-time low is $100.68.
From a short-term perspective, the price change of WFRAGSOL over the past 1 hour is , over the past 24 hours is +0.78%, and over the past 7 days is +2.65%. These figures provide a quick overview of the latest price trends and market dynamics of WFRAGSOL on LBank.-7.29%
The live price of WFRAGSOL today is $136.8, with a current market cap of $10.295M. The 24-hour trading volume is 70K. The price of WFRAGSOL to USD is updated in real time.
Before deciding whether to buy or sell WFRAGSOL, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WFRAGSOL 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 WFRAGSOL.
How much will WFRAGSOL be worth tomorrow, next week, or next month in ? What about your WFRAGSOL assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WFRAGSOL Price Prediction
To learn more about WFRAGSOL, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 8EC8D6...NdnTCg  | 35,116.20 | 46.66% |
solana | 3M47S5...rUDv5d | 18,482.96 | 24.56% |
solana | 61juGK...ec4E5S | 7,165.860 | 9.52% |
solana | 7JoN6u...PSoUaP | 3,908.790 | 5.19% |
solana | EyyYrc...pM5DXs | 3,673.750 | 4.88% |
Other | 6,914.603 | 9.19% |
Wrapped fragSOL (WFRAGSOL) is a tokenized version of fragmented SOL (fragSOL). It represents portions of staked SOL on the Solana blockchain. By "wrapping" fragSOL, WFRAGSOL aims to improve compatibility with various DeFi protocols within the Solana network. This mechanism allows users to leverage their staked assets in broader decentralized finance activities without direct unstaking.
The process begins with users staking their SOL on the Solana blockchain. Upon staking, they receive fragSOL tokens, which represent their fragmented staked SOL. These fragSOL tokens can then be wrapped into WFRAGSOL at a 1:1 ratio. This wrapping mechanism enables users to utilize the value of their underlying staked SOL in various DeFi applications without the need to unstake their original assets, maintaining their staked position while participating in other protocols.
WFRAGSOL offers several key use cases. It provides enhanced liquidity, allowing stakers to access the value of their staked SOL without unstaking. Users can participate in DeFi activities such as lending protocols, liquidity pools, and yield farming. It can also serve as collateral for borrowing other assets on compatible lending platforms. Furthermore, it enables users to trade and speculate on staked SOL positions, and potentially engage in governance decisions within certain protocols.
WFRAGSOL itself does not directly offer staking or mining rewards. As a representation of already staked assets, the underlying SOL tokens are what generate the staking rewards. The value of fragSOL, and consequently WFRAGSOL, is designed to gradually increase over time due to these accumulated staking rewards. Therefore, holding WFRAGSOL reflects an exposure to those staking yields, but it's not a separate staking mechanism for the token itself, nor is there any traditional mining process involved.
WFRAGSOL's distribution model differs from conventional token launches as it does not involve an initial coin offering (ICO) or pre-mine. Instead, WFRAGSOL is minted on-demand. Its supply increases when users wrap their fragSOL tokens into WFRAGSOL, and decreases when users unwrap WFRAGSOL back into fragSOL. This dynamic supply mechanism means that its circulating volume is directly tied to user participation in wrapping their fragmented staked SOL.
Key risks associated with WFRAGSOL primarily stem from its direct connection to the Solana network's health and performance. Users should also consider smart contract risks, as the wrapping and unwrapping mechanisms rely on these contracts, which could be vulnerable to exploits or bugs. Additionally, variations in liquidity across different platforms where WFRAGSOL is traded could impact ease of buying or selling. Understanding these technical and systemic dependencies is crucial for users.
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