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Wrapped BNB

Wrapped BNB priceWBNB

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Wrapped BNB price calculator

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WBNB
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1 WBNB = 606.4 USD
Last updated 2024-04-25 13:13:29(UTC-0)

Wrapped BNB price live data summary

The live price of Wrapped BNB is $606.4 per (WBNB / USD) today with a current market cap of $923.12M USD. The 24-hour trading volume is $277.86M USD. WBNB to USD price is updated in real time. Wrapped BNB is -0.53% in the last 24 hours. It has a circulating supply of 1,522,290.1 .

What is the highest price of WBNB?

WBNB has an all-time high (ATH) of $730.41, recorded on 2021-05-12.

What is the lowest price of WBNB?

WBNB has an all-time low (ATL) of $25.09, recorded on 2020-12-09.

Wrapped BNB price performance in USD

24h7d30d90d1yAll-time
-0.53%+11.85%+2.35%+101.18%+76.06%--

Wrapped BNB price history in USD

TimeLowHigh
24h$597.54$610.63
7d$529.7$610.63
30d$517.76$625.26
90d$297.74$640.07
1y$203.18$640.07
All-time$25.09(2020-12-09, 3 years ago )$730.41(2021-05-12, 2 years ago )

Wrapped BNB market information

Market cap
$923,122,934.31
-0.53%
Fully diluted market cap
$923,122,934.31
-0.53%
Volume (24h)
$277,859,882.21
+28.71%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.3009
Circulating supply
1,522,290.1 WBNB
Total supply / Max supply
1,522,290.09 WBNB
-- WBNB

Wrapped BNB ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Wrapped BNB Social Data

In the last 24 hours, the social media sentiment score for Wrapped BNB was 3, and the social media sentiment towards Wrapped BNB price trend was Bullish. The overall Wrapped BNB social media score was 0, which ranks 1252 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Wrapped BNB being mentioned with a frequency ratio of 0%, ranking 1252 among all cryptocurrencies.

In the last 24 hours, there were a total of 13 unique users discussing Wrapped BNB, with a total of Wrapped BNB mentions of 0. However, compared to the previous 24-hour period, the number of unique users decrease by 54%, and the total number of mentions has decrease by 100%.

On Twitter, there were a total of 0 tweets mentioning Wrapped BNB in the last 24 hours. Among them, 0% are bullish on Wrapped BNB, 0% are bearish on Wrapped BNB, and 100% are neutral on Wrapped BNB.

On Reddit, there were 1 posts mentioning Wrapped BNB in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Wrapped BNB. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#1252)
Social contributors(24h)
13
-54%
Social mentions(24h)
0(#1252)
-100%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
1
0%
Reddit comments(24h)
0
0%

About Wrapped BNB(WBNB)

What Is Wrapped BNB?

Wrapped BNB (WBNB) is a bridge that brings Binance Coin (BNB) into realms previously inaccessible to it. In short, WBNB is a tokenized version of BNB that exists on blockchains that do not natively support BNB. By embodying BNB in a new form, WBNB ensures that the value and utility of BNB aren't confined to its native ecosystem but can be extended to interact with other blockchain networks. For every WBNB token in circulation, there is an equivalent amount of BNB held in reserve, providing assurance to users of its intrinsic value.

The creation of WBNB was primarily driven by the need to integrate BNB with Ethereum-based protocols and Decentralized Applications (dApps). Given the dominance of Ethereum in the dApp development landscape and the meteoric rise of decentralized finance (DeFi) on its platform, it became crucial for BNB to have a presence there. WBNB fills this gap, allowing BNB to be utilized in Ethereum's DeFi space, which includes a myriad of lending platforms, decentralized exchanges, and other innovative financial solutions.

Resources

Official Website: https://www.bnbchain.org/en

How Does Wrapped BNB Work?

Wrapped BNB is not a standalone cryptocurrency but rather a representative token. When BNB is 'wrapped,' it is essentially locked into a smart contract, and an equivalent amount of WBNB is minted. This process ensures that the value of the wrapped token is always backed by an equal amount of the underlying asset, BNB in this case.

Users wanting to convert their BNB into WBNB will send their BNB to a specific wrapping contract, which then dispenses an equivalent amount of WBNB. Conversely, when they want to convert their WBNB back to BNB, the WBNB tokens are burned or destroyed, and the underlying BNB is released from the smart contract and returned to the user. This mechanism maintains the 1:1 peg between BNB and WBNB.

Wrapped BNB's Impact on Finance

The emergence of Wrapped BNB has significantly broadened the horizons of BNB. Previously, BNB's utility was mainly centered around the Binance platform, where it was used for trading fee discounts, participation in token sales, and as a native currency of the Binance Smart Chain (BSC). With WBNB, however, BNB can now interact with the burgeoning world of DeFi on Ethereum and other compatible networks.

- Interoperability: WBNB acts as a bridge, allowing for smoother interoperability between various blockchains. This fosters a more inclusive financial ecosystem where assets from one chain can be used seamlessly on another.

- Liquidity: As DeFi platforms on Ethereum continue to proliferate, the need for diverse assets to provide liquidity has grown. WBNB facilitates BNB holders to engage in Ethereum's DeFi space, thereby increasing overall liquidity in the market.

- Enhanced Utility: By extending the utility of BNB beyond its native ecosystem, WBNB offers BNB holders more avenues to deploy their holdings, be it in yield farming, lending platforms, or other DeFi projects.

What Determines Wrapped BNB's Price

In the fluctuating sphere of digital assets, the current WBNB price is shaped by a host of factors intrinsically connected to its originating token, BNB. Operating as a wrapped iteration of BNB, WBNB enables fluid transactions on the BNB Chain, fostering interoperability and augmenting the efficacy of decentralized applications (dApps). The live WBNB price invariably correlates with the BNB asset, opening doors to a more extensive range of DeFi platforms. Investors and traders meticulously observe the WBNB price chart and Wrapped BNB historical price data to identify potential WBNB price trends and strategize accordingly.

The WBNB cryptocurrency price isn't standalone; it mirrors the activities and advancements in the Binance ecosystem. The dynamics of the broader market, including trading volumes, liquidity, and market capitalization, steer the WBNB coin price. As the DeFi scene unfolds, the WBNB to USD conversion rate emerges as a pivotal metric for portfolio diversification enthusiasts. Comprehensive WBNB price analysis entails a deep dive into both on-chain and off-chain indicators, granting a glimpse into the robustness and expansion of the WBNB ecosystem.

Projecting forward, the WBNB price prediction for 2023 rests on an intricate mesh of elements such as network engagement, transaction volumes, and the prevailing mood in the crypto sector. Specialists and analysts sift through data, employing technical tools like trend lines, moving averages, and Fibonacci retracements to formulate a detailed WBNB price forecast. Keeping up with the latest WBNB price news serves as a vital tool for investors, offering insights into possible directions based on current market dynamics and events within the BNB Chain.

As we navigate through the evolving cryptocurrency landscape, the Wrapped BNB market cap stands as a testament to its growing prominence in the DeFi sector. The WBNB Binance price is closely watched by investors seeking to capitalize on the opportunities presented by this innovative token. With its roots firmly planted in the Binance ecosystem, WBNB is poised to reach new heights, potentially surpassing its WBNB all-time high. As investors and traders alike keep a close watch on the WBNB USD live price, the journey from WBNB to fiat currency becomes a critical pathway in the broader cryptocurrency narrative.

Trade WBNB perpetual futures

After having successfully signed up on Bitget and purchased USDT or WBNB tokens, you can start trading derivatives, including WBNB futures and margin trading to increase your income.

The current price of WBNB is $606.4, with a 24h price change of -0.53%. Traders can profit by either going long or short onWBNB futures.

Join WBNB copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or WBNB tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Wrapped BNB.

What is the current price of Wrapped BNB?

We update our Wrapped BNB to USD price in real time. Get the live Price of Wrapped BNB on Bitget.

What is the 24 hour trading volume of Wrapped BNB?

Over the last 24 hours, the trading volume of Wrapped BNB is $277.86M.

What is the all-time high of Wrapped BNB?

The all-time high of Wrapped BNB is $730.41. This all-time high is highest price for Wrapped BNB since it was launched.

Can I buy Wrapped BNB on Bitget?

Yes, Wrapped BNB is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Wrapped BNB?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Wrapped BNB with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Wrapped BNB online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Wrapped BNB, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Wrapped BNB purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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