BTC
Wrapped BTC: explore Bitcoin-backed tokens on other blockchains for DeFi.
$WBTC · 7 days on top this week
Up 6 places this week, $pmbtc is gaining ground
$LBTC +9 places this week
$BCHD sank to a 8 gem score this week
A standout this week: $WBTC reached a gem score of 75
30 tokens rose and 42 fell this week
$WBTC +19 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 has seen significant activity over the last 30 days, with 55 tokens showing upward momentum compared to 17 moving down. Coinbase Wrapped BTC (cbBTC) on Solana and Wrapped BTC (WBTC) on Avalanche are notable climbers over the 30-day period, increasing their scores by 55.6% and 171.2% respectively. Meanwhile, a different Wrapped BTC (WBTC) on Ethereum has demonstrated exceptional stability, leading the score streak for both 7-day and 30-day windows. However, several tokens experienced a downturn, including vBTC on BNB Smart Chain and BCHSHA-256d on BNB Smart Chain, which saw their scores decrease by 15.3% and 50.2% respectively over the 30-day period. (PoS) Wrapped BTC (WBTC) on Polygon and Coinbase Wrapped BTC (cbBTC) on Solana were new entrants to the top K during the 30-day window.
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.