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
$BTC +12 places this week
$xBTC -22 places this week
$Casascius +11 places this week
$sBTC sank to a 8 gem score this week
A standout this week: $WBTC reached a gem score of 76
27 tokens rose and 56 fell this week
$WBTC climbed 23 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 Wrapped BTC category has shown a mixed performance across both 7-day and 30-day periods. On the 7-day window, 25 tokens were up while 56 were down. The top climbers included Solana-based Bitcoin (BTC) and XBT, alongside Wrapped BTC (WBTC) on Avalanche, with rank deltas of 11, 11, and 7 respectively, and score percentage increases ranging from 18.5% to 113.7%. Meanwhile, xBTC and PulseBitcoin from Ethereum were among the fallers, with rank deltas of -20 and -12, and score percentage decreases of -57.5% and -55.2%. Wrapped BTC (WBTC) on Ethereum maintained the highest score and a 7-day streak. Over the 30-day period, 32 tokens were up and 49 were down. Wrapped BTC on Polygon and XBT on Solana led the climbers with rank deltas of 23 and 22, and impressive score percentage increases of 24.7% and 148.7%. Conversely, xBTC and PulseBitcoin from Ethereum were also significant fallers, with rank deltas of -20 and -19, and score percentage drops of -59.7% and -56.3%. Wrapped BTC (WBTC) on Ethereum also held the highest score and a 30-day streak in this longer timeframe.
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.