WBTC (Wrapped Bitcoin) is a tokenized version of Bitcoin (BTC) on the Ethereum blockchain.
Key Features:
1. Tokenized Bitcoin on Ethereum
2. 1:1 pegged to Bitcoin
3. ERC-20 standard
4. Decentralized finance (DeFi) integration
Tokenomics:
1. Total Supply: Variable (pegged to BTC)
2. Circulating Supply: Approximately 250,000 WBTC
Use Cases:
1. Decentralized finance (DeFi) applications
