Wrapped Token

Intermediate

A wrapped token is a tokenised version of a cryptocurrency that exists on a different blockchain. For example, Wrapped Bitcoin (WBTC) is Bitcoin on the Ethereum network. Wrapped tokens, managed through smart contracts, are backed 1:1 by the original asset and enable cross-chain usability and improve compatibility and liquidity. Wrapped tokens allow the use of popular coins in DeFi platforms.

Related Words

Whale

Beginner

A whale is an individual who holds a large amount of cryptocurrency. Whales can significantly influence market prices, so investors often closely track their activity to anticipate potential market trends or volatility.

Web3

Beginner

Web3 is the next evolution of the Internet built on blockchain. It focuses on decentralisation, privacy, and user ownership, powering dApps, DeFi, and NFTs, where users control their data and digital identity.

Wallet

Beginner

Retrieving data. Wait a few seconds and try to cut or copy again.

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Version 8.0.14

Wrapped Token

Related Words

Whale

Web3

Wallet

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