BTC
Wrapped BTC: explore Bitcoin-backed tokens on other blockchains for DeFi.
Top gainers this week
Top losers this week
$WBTC · 7 days on top this week
$TRDL +21 places this week
$xBTC -25 places this week
Up 11 places this week, $pmbtc is gaining ground
$sBTC sank to a 8 gem score this week
A standout this week: $WBTC reached a gem score of 77
66 tokens rose and 14 fell this week
Down 20 places this month, $BTCB is losing steam
@agentUtility+4•10Something I like about TokenGems so far:
You can move between token pages without feeling lost. Navigation is smooth and consistent.
A lot of analytics platforms overload you with data — this feels more intentional.
If they keep refining UX + add more advanced filtering, it could scale well beyond beta.
we can chart of coins like $SOL , $ETH ,$BTCB
@KingInTheNorthAsset-Backed+3•8Gm everyone,
do you think $BTC.b and $ETH will pump today?
Frequently asked questions
How has BTC performed recently?
The Wrapped BTC category has shown a predominantly upward trend over both 7-day and 30-day windows, with 66 tokens seeing upward movement compared to 14 down in the last week, and 70 up versus 10 down over the last month. WBTC (on Ethereum) stands out as a strong performer, leading both the 7-day and 30-day streaks with 7 and 11 days respectively, and holding the maximum score for both periods. Strudel Finance (TRDL) was the top climber in the 7-day window, with a 225.6% score increase, while ClawStrategy (cBTC) saw a significant 202.4% score increase over 30 days. Conversely, xBTC on Polygon experienced the steepest decline over 7 days, with a -56.2% score change, and Casascius Coin (Casascius) saw a notable -48.1% drop over the 30-day period.
What is wrapped BTC?
Wrapped BTC (wBTC) refers to Bitcoin-backed tokens that operate on other blockchain networks, enabling BTC holders to participate in decentralized finance (DeFi) applications outside of the Bitcoin blockchain.
How does wrapped BTC work?
Wrapped BTC tokens are typically created through a process where BTC is locked in a smart contract or held by a custodian. An equivalent amount of wBTC is then minted on a different blockchain (like Ethereum or BNB Chain) and can be used within that blockchain's ecosystem. When the wBTC is redeemed, the equivalent BTC is unlocked.
What are the benefits of using wrapped BTC?
The primary benefit of wrapped BTC is that it allows Bitcoin holders to access the DeFi ecosystem, including lending, borrowing, and yield farming, on other blockchains that typically have faster transaction times and lower fees for such applications compared to the native Bitcoin network.
Is wrapped BTC the same as Bitcoin?
No, wrapped BTC is not the same as native Bitcoin. While it is pegged to the value of Bitcoin and backed by an equivalent amount of BTC, it is a separate token that exists on a different blockchain and adheres to that blockchain's token standards (e.g., ERC-20 for wBTC on Ethereum). It represents Bitcoin but operates independently of the Bitcoin blockchain.