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
Down 19 places this week, $BTC is losing steam
$BTC fell 15 places this week
$BTC -12 places this week
$SOLV · 0 gem score this week
A standout this week: $WBTC reached a gem score of 76
$WBTC dropped out of the top ranks this week
64 tokens rose and 35 fell this week
@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 BTC category shows a near-even split in market breadth over both the 7-day and 30-day periods, with 48 tokens up and 51 down. WBTC holds the top score with 76.1103 and has led the streak for 7 days in both windows. Conversely, SolvBTC (SOLV) registered the lowest score. In terms of climbers, teleBTC on both BNB Smart Chain and Polygon, Lombard Staked Bitcoin (LBTC), and SolvBTC on BNB Smart Chain all saw significant rank improvements, with teleBTC (BNB) and teleBTC (Polygon) both climbing 6 ranks with score increases of 24.8% and 20.0% respectively. On the other hand, several Bitcoin tokens on Solana experienced notable declines, with one Bitcoin on Solana falling 26 ranks with a -50.0% score change, and another Bitcoin on Solana dropping 12 ranks with a -71.1% score change.
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.