Wrapped Bitcoin is Ethereum's Bitcoin. In fact wBTC is the largest tokenized ERC-20 asset that is currently traded on the Ethereum blockchain. Therefore, it is the version of the BTC in Ethereum in the DeFi ecosystem.
This Token is already listed on Coinbase and this year alone it has grown by 3000%
hitting the $ 1.27 billion mark for smart contracts.
The big question is that the wBTC already exceeds the value of Bitcoin and is not necessarily tied to the value of it. Thus, it can reach much higher values than BTC.
Today bitcoin is hitting historic marks and likewise Wrapped Bitcoin follows.
Let's stay tuned and find out who is pulling whom.
The largest existing cryptocurrency BTC or Ethereum with its own Bitcoin on its blockchain, and within DeFi?
Let´s go to join?