What is Wrapped BNB?
Wrapped BNB (WBNB) is a tokenized version of Binance Coin (BNB) adapted to the BEP-20 standard on the Binance Smart Chain (BSC). It is pegged to the value of Binance Coin and is used to make BNB interoperable with the Ethereum ecosystem, allowing transactions in the DeFi world on BEP20 networks. WBNB is a wrapped token, a cryptocurrency token whose value is pegged to the value of another asset. In the case of Wrapped BNB, every WBNB coin is backed 1:1 to a Binance asset.
Wrapped BNB goals
The purpose of Wrapped BNB is to improve BNB Smart Chain’s (BSC) interoperability, as having separate blockchains with different functions prevents tokenized interaction and limits cross-chain transactions. WBNB allows users to access features and trade with other BEP-20 tokens on platforms like PancakeSwap. It also enables users to participate in decentralized finance (DeFi) applications and decentralized exchanges (DEXs) on the BSC network.
Wrapped BNB fondamentals
The total supply of Wrapped BNB is 1434058 WBNB. The market cap of Wrapped BNB is $898689465. There is no fixed supply of WBNB. The supply of WBNB depends on the demand and usage of BNB on other blockchains. Users can mint new WBNB by depositing their BNB into a smart contract on the original blockchain and burn their WBNB by withdrawing their BNB from the same smart contract.
Marketcap
$0.89868947B
Total number of Wrapped BNB
1434058 WBNB
Wrapped BNB technology
Wrapped BNB is based on the BEP-20 token standard on the Binance Smart Chain. It is backed 1:1 by BNB. BNB started as an ERC-20 token on Ethereum but later migrated to its own blockchain called BNB Chain. BNB is secured by a consensus mechanism called Tendermint BFT.
Wrapped BNB competitors
Wrapped BNB differentiates itself from competitors by providing a wrapped version of Binance Coin (BNB) that is compatible with the BEP-20 standard on the Binance Smart Chain (BSC). This allows for interoperability with the Ethereum ecosystem and enables users to participate in DeFi applications and DEXs on the BSC network. WBNB's competitive advantages include low fees, fast transactions, and high performance metrics of the BNB Chain.
Wrapped BNB price history
Frequently asked questions
Wrapped BNB (WBNB) is a tokenized version of Binance Coin (BNB) adapted to the BEP-20 standard on the Binance Smart Chain (BSC).
Wrapped BNB is a wrapped version of Binance Coin that follows the BEP-20 standard, compatible with the Binance Smart Chain. The Binance Smart Chain is a parallel blockchain that supports smart contracts, decentralized applications, and interoperability with other blockchains.
The price of Wrapped BNB is $626.68.
The market cap of Wrapped BNB is $898689465.
You can buy Wrapped BNB on various cryptocurrency exchanges. You can also swap your BNB for WBNB using a bridge service.
The total supply of Wrapped BNB is 1434058 WBNB.
Wrapped BNB is based on the BEP-20 token standard on the Binance Smart Chain. It is backed 1:1 by BNB. BNB is secured by a consensus mechanism called Tendermint BFT.
The purpose of Wrapped BNB is to improve BNB Smart Chain’s (BSC) interoperability, as having separate blockchains with different functions prevents tokenized interaction and limits cross-chain transactions.
Features
Resources
Drakkar-Software © 2021-2025 Copyright. All rights reserved.