BTC
Wrapped BTC: explore Bitcoin-backed tokens on other blockchains for DeFi.
$WBTC · 7 days on top this week
$cbBTC climbed 30 places this week
$BORING climbed 16 places this week
$zBTC +18 places this week
Weakest this week: $TRDL bottomed out at a 0 gem score
A standout this week: $WBTC reached a gem score of 76
42 tokens rose and 29 fell this week
$WBTC -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 Wrapped BTC category saw mixed activity over the last month. While 42 tokens were up in the last 7 days compared to 31 down, the 30-day window showed 34 up and 39 down, indicating a slight cooling trend. Wrapped BTC (WBTC) on Ethereum (token ID 484) consistently led with a 7-day and 29-day streak, also recording the highest scores of 76.455 and 77.308 respectively. Coinbase Wrapped BTC (cbBTC) on Solana and zBTC both climbed significantly over both 7 and 30-day periods. (PoS) Wrapped BTC (WBTC) was a top K entrant in both timeframes. Conversely, Wrapped BTC (WBTC) on Binance Smart Chain, BTCB Token (BTCB), and Wrapped BTC (WBTC) on Ethereum (token ID 342) were among the fallers over the last 30 days.
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.