Cross-chain bridge
Wrapped Bitcoin
Wrapped Bitcoin is an Ethereum token backed one-to-one by bitcoin held in custody.
TVL rank#4CategoryBridgeChains1SinceJan 2019
All DeFi protocols
Total value locked$10.08B+1.2% in 24h · +3.6% in 7d
Fees · 24h—Not tracked for this protocol
Revenue · 24h—No revenue recorded in 30 days
Revenue share—Share of fees kept over 30 days
WBTC price$85,766+0.7% in 24h
Market cap$9.96BFully diluted $9.96B
Mcap / TVL0.99Token value per $1 locked
Chains1100.0% on Bitcoin
Wrapped Bitcoin TVL
Assets deposited in Wrapped Bitcoin across Bitcoin, in US dollars.
Value locked$10.08B10.39% of all DeFi
Change · 1Y−$5.48B−35.2% over the period
Period high$15.71BOct 7, 2025
Period low$6.62BJul 1, 2026
Total value locked
Touch the chart for valuesHover the chart for values
Supported chains
Wrapped Bitcoin runs only on Bitcoin.
About Wrapped Bitcoin
What it does, how it earns and what the WBTC token is for.
Wrapped Bitcoin is a DeFi bridge protocol, and WBTC is its token. The protocol brings bitcoin liquidity to Ethereum lending markets and exchanges, where the token is used.
Minting and redemption of WBTC are handled by approved merchants. Deposits are made on one chain only; as of 2026, that chain is Bitcoin.
CategoryBridge
LaunchedJan 2019
Chains1
TVL rank#4 of 32
WBTC token$85,766+0.7%
Market cap$9.96B
Fully diluted value$9.96B
Circulating supply116.1K WBTC
Max supplyMinted 1:1 against BTC
Mcap / TVL0.99
Wrapped Bitcoin FAQ
Short answers to what people ask most.
Yes, the reserves behind the tokens can be checked on the blockchain.
Wrapped Bitcoin news
Coverage of the protocol, its category and its chain.
Similar protocols
Other bridges, ranked by value locked.
