BTC
Wrapped BTC: explore Bitcoin-backed tokens on other blockchains for DeFi.
$WBTC · 7 days on top this week
$BTG fell 37 places this week
$$TRDL fell 19 places this week
$wBTC climbed 7 places this week
$BTC · 6 gem score this week
A standout this week: $WBTC reached a gem score of 75
30 tokens rose and 47 fell this week
$WBTC climbed 24 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 wrapped token category shows mixed activity. Over the last 7 days, more tokens (47) have seen a decrease in our proprietary score compared to those that increased (30). WBTC (on Ethereum, 484) has been a strong performer, leading the streak for 7 consecutive days and also having the highest score. In contrast, Bitgold (BTG) experienced the largest decline in rank delta. Looking at the past 30 days, the trend reverses slightly with more tokens (42) showing an increase in score compared to those that decreased (35). WBTC (on Ethereum, 484) maintained its strong performance, leading the streak for the entire 30-day period and holding the highest score. WBTC (on Arbitrum One, 342) and Wrapped BTC (on BNB Smart Chain, 4691) were among the top climbers in this period, while Bitgold (BTG) and Strudel Finance (TRDL) were notable fallers.
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.