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WBTC
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WBTC
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Description
Wrapped Bitcoin (WBTC) is an ERC20 token backed 1:1 with Bitcoin, providing the power of Bitcoin with the flexibility of an ERC20 token. It brings greater liquidity to the Ethereum ecosystem, including decentralized exchanges and financial applications.TVL: $7.3B
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Wrapped Bitcoin
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Description
WBTC implements tokenized Bitcoin across multiple blockchains, enabling Bitcoin integration with various DeFi ecosystems. The system verifies reserves through transparent on-chain proof while maintaining custody security through multi-signature contracts. Initially deployed on Ethereum as an ERC20 token, WBTC has expanded to other networks including Tron, Base, Osmosis, and Kava to increase Bitcoin accessibility across the blockchain landscape.Category: Cross-chain Infrastructure