WBETH (Wrapped Bitcoin Ethereum) is a cryptocurrency token that represents Bitcoin (BTC) on the Ethereum (ETH) network.$WBETH
Key Features:
1. Wrapped Bitcoin Ethereum: WBETH is a wrapped version of BTC on the ETH network.
2. Ethereum Compatibility: Enables BTC usage in Ethereum's DeFi ecosystem.
3. Smart Contract-based: WBETH is managed by smart contracts.
4. 1:1 Pegged: 1 WBETH = 1 BTC.
Token Details:
- Token Name: Wrapped Bitcoin Ethereum
- Token Symbol: WBETH
- Blockchain: Ethereum (ERC-20)
- Token Standard: ERC-20
- Total Supply: Variable (dependent on wrapped BTC)
- Circulating Supply: Variable
Current Stats:
- Market Cap: $1.5 billion
- Price: $42,000 (pegged to BTC price)
- 24-hour Trading Volume: $50 million
- All-time High: $64,000 (April 2021)
- All-time Low: $3,000 (March 2020)
Use Cases:
1. DeFi lending and borrowing
2. Decentralized exchanges (DEXs)
3. Yield farming
4. NFT marketplaces
5. Ethereum-based applications
Availability:
- Listed on cryptocurrency exchanges (e.g., Uniswap, SushiSwap)
- Stored in compatible wallets (e.g