BTC
Wrapped BTC: explore Bitcoin-backed tokens on other blockchains for DeFi.
Top gainers this week
Top losers this week
$WBTC fell 25 places this week
Down 23 places this week, $WBTC is losing steam
Down 21 places this week, $BTCB is losing steam
$SOLV · 0 gem score this week
A standout this week: $WBTC reached a gem score of 78
$WBTC dropped out of the top ranks this week
54 tokens rose and 48 fell this week
$BTC fell 27 places this month
@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 mixed but generally upward trend over both 7-day and 30-day windows. In the past 7 days, 63 tokens were up compared to 38 down. Wrapped BTC (WBTC) on Arbitrum boasts the highest score at 78.0359, while SolvBTC holds the lowest. Aave Ethereum WBTC, XBT, and xBTC were among the top climbers, with Wrapped BTC on Solana also showing a significant rank increase. Notably, Wrapped BTC (WBTC) on Arbitrum was a top-k entrant. Over the 30-day period, the positive breadth widened slightly with 66 tokens up and 36 down. Wrapped BTC on Solana continued its upward momentum, joined by teleBTC on Polygon and Lombard Staked Bitcoin as climbers. VBTC and Bitcoin on Solana experienced notable declines over both timeframes.
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.