what's wrapped bitcoin?
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin designed to enable its use within Ethereum-based decentralized finance (DeFi) protocols and other compatible blockchains. It operates as an ERC-20 token that is pegged 1:1 to Bitcoin, allowing users to wrap native BTC into WBTC for seamless interaction with DeFi applications like lending, borrowing, and liquidity provision without selling their Bitcoin. The project is custodied by regulated entities such as BitGo, ensuring transparency through on-chain proof-of-reserves and oracles like Chainlink for verifying backing assets. WBTC has expanded to multiple chains including Solana, TRON, Aptos, and Starknet, enhancing Bitcoin's utility in multichain ecosystems. Key features include decentralized minting and burning processes, high liquidity in pools like WBTC-WETH, and ongoing integrations for staking and yield farming to maximize BTC holders' opportunities.
WBTC receives Ekubo incentives, launches 0G pools, and a whale acquired $57M.
contract
ethereum
osmosis
berachain
sonic
optimistic-ethereum
aptos
bob-network
telos
swellchain
unichain
soneium
base
sei-v2
binance-smart-chain
solana
avalanche
Receives 150 USDC per day in liquidity incentives for the ETH/WBTC pool on Ekubo Protocol (Ethereum), distributed over 3 months starting April 15, 2026.
Receives 150 USDC per day in liquidity incentives for the WBTC/USDT pool on Ekubo Protocol (Ethereum), distributed over 3 months starting April 15, 2026.
Whale address 0x4553 acquired 775.56 WBTC worth $57.73M through a swap on 2026-04-14.
Launches as a tradable asset in three new liquidity pools on 0G Labs via JAINE's Be Liquid V2 (0G/wBTC, 0G/wETH, 0G/USDC), running for 90 days starting on April 13, 2026.
Integrated with f(x) Protocol for gas rebate program covering ETH/wBTC deposits and fxUSD/USDC staking transactions via Open Gas in March and April 2026.
Integrated as collateral on USDD protocol, enabling Bitcoin to be used for minting USDD stablecoin.
Offers 6.8% yield on Frax Finance as of April 8, 2026.
Integrated into CoW Protocol's fast withdrawal routing for Lido staked ETH, enabling instant liquidity for staked ETH into WBTC, ETH, WETH, USDC, USDT, and USDS without withdrawal queues.
A DeFi whale withdrew 264.4 WBTC (worth $17.98 million at the time) as collateral from Spark and transferred it to Binance after repaying a $4.14 million DAI loan.
Enabled as collateral on SparkLend by Spark, with rates of 4.27% for USDS, 4.77% for USDC, and 4.18% for pyUSD.
Has $24 million in liquidity on SparkLend.
A large holder sold an estimated $23.47M worth of wrapped bitcoin and other assets, having previously held $538M in ETH, WBTC, and DAI at the 2021 market peak.
Totals $4.6 billion in onchain supply.
59 WBTC from the Drift Exploiter was frozen in Wormhole after a failed bridging attempt, preventing redemption back to Solana.
Listed on Aave v4 Ethereum as a supported asset in the new Hub & Spoke architecture launched on March 30, 2026, with activity reported in specialized spokes including Lombard Finance BTC.
Bridged out to Ethereum via Wormhole as part of the Drift Protocol exploit, with 100 WBTC transferred through this route.
Has $78.5 million borrowed on Aave V3 Ethereum as of April 1, 2026.
Reached all-time high on Solana according to Syndica.
Captured 62% share of traders in February 2026.
Added as collateral on SparkLend on TRON network with a 3,000 wBTC deposit cap. Accepted in 2 pools with 130% or 150% collateral ratios and 3.5% or 2.5% stability fees, as first non-TRX and non-stablecoin collateral.
Listed eBTC | wBTC market on Curvance from Echo Protocol on March 30, 2026, enabling users to supply wBTC to earn yield or borrow against BTC exposure.
Listed as one of eight assets eligible for oDOLO rewards every Thursday on Dolomite_io.
Surpassed $3.5 billion in total value transferred across 20 networks through LayerZero, with more than 91,000 transfers completed.
WBTC is now available on Goblin.fi platform.
Has over $14 billion worth of WBTC and cbBTC combined active on Ethereum as of March 23, 2026.
An Ethereum OG whale who previously held $538 million in crypto assets (including ETH, WBTC, and DAI) at the 2021 market peak is rebuilding positions, accumulating $19.5 million worth of ETH in the current week according to onchain data monitored by Arkham.
Hashi, a protocol enabling native Bitcoin as collateral in DeFi on Sui blockchain, does not require wrapped Bitcoin (WBTC), eliminating the need for WBTC in Bitcoin-backed lending applications on Sui.
Added as collateral in Tapioca DAO DUSD borrow market, one of five supported collateral types alongside cbBTC, sUSDe, syrupUSDC, and PAXG.
Whale address 0xc9d sold 742.8 WBTC at $70,266 through FalconX on March 20, 2026, realizing a $14.02 million loss after accumulating the position via leveraged recursive borrowing on Aave at an average cost of $89,137 per WBTC over a year.
Appears in a USDC-WBTC liquidity pool on Ekubo Protocol (Starknet) with $1.76M TVL and 18.66% APY.
Supplied 40,800 WBTC ($2.9B) on Aave V3 Ethereum, representing 34% of total supply as of April 1, 2026.
Wintermute created an open-term lending market on WildcatFi with 200 WBTC borrowing capacity, 3.5% APR, and 24-hour withdrawal window, as part of WLFI's $168.4M multi-asset treasury expansion over 3 days.
Chainflip added wBTC for swapping on Ethereum, Solana, and Arbitrum.
A whale (24BLFj) sold 75 WBTC worth $5.08M through Wintermute over a 3-day period ending on 2026-03-10.
Trades on Renegade dark pool on Arbitrum alongside wETH, PENDLE, and other assets.
Featured as the yield conversion target asset in Ern protocol's bug bounty program announcement on Immunefi with $50,000 reward.
Integrating with IXS to enable earning yield on wrapped bitcoin holdings through real-world assets, scheduled for the week of March 9, 2026.
A whale sold 264.8 WBTC at an average price of $93,844, representing a complete exit from their WBTC position that was originally purchased at $113,262.
Four wallets sold 395 WBTC worth $26.5M at an average price of $67,063 on 2026-03-08.
A wallet sold 115.6 WBTC for 7.753 million DAI at an average price of $67,070 per WBTC on March 8, 2026, realizing a $4.48 million loss from a cost basis of $105,431 per WBTC.
A whale sold 125.9 WBTC (worth $8.9 million) at $70,736 per token on 2026-03-06, realizing a profit of $200,000 from a purchase made three days earlier at $69,091 per token.
A whale sold 67.1 WBTC for $4.54 million at a price of $67,692 per token on 2026-03-03, then used the proceeds to repay leveraged borrowing on a lending platform.
A whale purchased 125.9 WBTC at $69,091 per token on March 2, 2026, using proceeds from selling 1,637 XAUt tokens valued at approximately $8.7 million.
Added as tradable asset on Pump fun app alongside USDC, Solana, ETH, and external launchpad tokens, enabling access for over 1.5 million users.
Live on Canton Network
Integrated Hyperlane to bridge WBTC between Ethereum and Solana.
User lost 3.5 WBTC due to address poisoning in Phantom wallet.
Enabled as one of the assets for private cross-chain movement on Aleo via Hyperlane's routing layer integration
Holds $8.5 billion in Bitcoin custodied through BitGo and BiT Global multi-sig arrangement across US, Singapore, and Hong Kong.
Supported in Opera's MiniPay wallet alongside USDT and XAUt0 on Celo network.
Included in Uniswap liquidity pools on Celo network with incentive campaigns offering up to 82%+ APY alongside CELO, stCELO, and USDT.
Excluded from CoinGecko's market cap rankings by default as a rehypothecated token to improve token discovery on the platform
Included as one of four core assets (SOL, ETH, WBTC, USDC) in Jupiter's JLP unified index for perpetual trading on Solana, which has reached a $1.5B+ market cap.
A whale or institution lost 350 WBTC (worth $29 million) in a phishing attack on January 31, 2026, when they copied a fraudulent address from transaction history that had matching first and last 4 characters to their intended Galaxy Digital deposit address.
Achieved $788.7K in DEX flows on Solana over a 24-hour period ending on 2026-01-29.
Circle launches cirBTC as WBTC remains available in FairFlow liquidity pools on Ethereum and Arbitrum, offering up to 30% APR.
Integrated into Superform Flagship vault on Ethereum Mainnet with OpenCover and Nexus Mutual coverage, and with Starknet.
Mezo Network allocated 2.5% of MEZO token supply as incentives for users migrating wrapped bitcoin (WBTC), tBTC, or cbBTC from Ethereum to Mezo, offering early depositors a 32% incentive APR.
Integrated with YO protocol through yoBTC product, enabling yield generation from crosschain fees via Across Protocol.
Whale 0x0a8d swapped 26.85 WBTC (worth $2.38M) for 490.4 XAUT on 2026-01-21.
Bridging remains disabled on Starknet during an ongoing migration, with bridging expected to resume by approximately 2026-01-21 18:11 UTC.
Completed asset sale of WBTC, which contributed to reported GAAP net income.
A strategy agent purchased 0.291 WBTC for 27,800 USDC on January 16th, 2026 at approximately 11:32 GMT.
Qualifies as one of five assets eligible for a COTI Earn Season 3 incentive program on Carbon DeFi, with qualifying strategies starting at $10 and 1,250,000 COTI allocated per week.
Raised $28.5M from Pantera, Multicoin, GSR, and ArkStream.
Tripled weekly IBC volume to $2.2M, ranking 3rd.
Reached approximately $1.4-1.5 billion TVL with 16,500-17,000 BTC collateralized by year-end 2025.
Achieved 260,000+ unique holders and minters by year-end 2025.
Generated over $1 million in protocol revenue from fees and vaults by year-end 2025, excluding emissions.
Integrated as collateral on Fraxlend for borrowing frxUSD at 0.75% APR and in f(x) Protocol for minting fxUSD with one-time borrowing fees.
World Liberty Financial sold $2,500,000 in WBTC on January 7, 2026 to acquire 770 ETH.
Has transferred over $42 billion in value across the multichain economy via Wormhole.
A whale purchased 264.8 WBTC for $30 million at an average price of $113,262 in late October 2025.
A whale accumulated a total of 761.4 WBTC (at an average cost of $90,491 per WBTC) by exchanging 21,973 ETH (approximately $68.9 million).
An Ethereum OG whale swapped 14,146 ETH for 492 WBTC over a 7-hour period on January 3rd, 2026, at a ratio of 0.03479 ETH per WBTC.
Native WBTC listed on Orca (Solana DEX) in 2025.
A whale (address 0xa923) purchased 228 WBTC worth $20.2M as part of a trade exiting an AAVE position on December 22, 2025.
WBTC expands to TRON ecosystem with JustLend DAO integration for trading, depositing, and borrowing to earn rewards.
wBTC launches on Wasabi platform with up to 10x leverage trading and yield earning from real onchain activity.
LayerZero enables WBTC on Sui blockchain, bringing Bitcoin liquidity cross-chain to the Sui ecosystem with products already integrating it. Velodrome Slipstream on Unichain offers ~456% APR for USDT0-WBTC liquidity pool.
WBTC.axl-LUNA liquidity pool on Terra Liquidity Alliance offers up to 317% APR, while wBTC.osmo-USDC pool on Neutron offers up to 50% APR through Astroport LPs.
WBTC holders become eligible for oDOLO rewards alongside holders of HONEY, USDC, BERA, USD1, srUSD, BYUSD, and ETH.
WBTC/WETH liquidity pool on LYNX platform offers 95% APR yield for single deposit WBTC staking this epoch.
StructuredFi reports maxBTC-WBTC liquidity pool on Astroport yields 5.76% APY, with pool liquidity maintaining steady upward growth.
WBTC pool on yieldbasis platform completes full rebalancing.
WBTC inflows increase on Arbitrum network alongside +49% transaction growth and +18% DEX volume over a 7-day period.
WBTC becomes crosschain ready on Sui via BitGo and LayerZero integration. Curve Finance launches new hemiBTC/WBTC/cbBTC tripool with 1.6% native yield and 160% CRV incentive rewards.
Curve launches a liquidity pool on Monad network containing WBTC/LBTC/BTC.b offering approximately 15% APR yields subsidized by 30,000 MON tokens daily, with current TVL at $2.3m and rewards claimable on Merkl.
oDOLO_rewards program launches, offering rewards to WBTC holders along with holders of HONEY, USDC, BERA, USD1, srUSD, BYUSD, and ETH.
Superlend offers a new yield strategy where users deposit LBTC and borrow WBTC at 3x leverage for 26.18% net APR and 9x LUX rewards, targeting Lombard Finance users.
The UXLINK Exploiter buys 38.2 WBTC ($3.38M) at $88,530.
Keplr wallet provides fee sponsorship for wBTC transactions on Neutron network, allowing users to obtain gas tokens for participating in Bitcoin Summer. (ID: 1995536385248559372)
The Almanak Strategy Builder platform launches, offering AI-powered tools to create and deploy LP strategies for WBTC/WETH pairs without coding, with future delta hedging features for LPs planned.
The Structured protocol offers a wBTC correlated pair vault with MaxBTC yielding 34% APR and Bitcoin summer rewards.
Kraken wBTC can be deposited on Tydro (an Aave instance operated by Ink Foundation) to farm Kraken's future $INK token, earning 0.07 INK points per $1000 deposited daily during a 13-week incentive period running through January 14th 2026.
A whale sold 350 WBTC over the past week at an average price of $87,732 (cost basis $116,762), realizing a $10.16 million loss, and still holds 1,210 WBTC with $30.9 million in unrealized losses.
WBTC holders receive weekly oDOLO rewards distributed every Thursday.
Smart money records $204K net inflows today, ranking second among top netflows.
WBTC/WETH liquidity pool on Lynex offers 191% Vote APR for single deposit staking.
USDC-WBTC liquidity pool on Velodrome Slipstream on OP Mainnet offers approximately 209% APY in LP rewards.