What is a Wrapped Token? A Quick Guide Into Tokenized Assets

  • Wrapped tokens are tokenized versions of cryptocurrencies like BTC or ETH held on the Ethereum blockchain. Their price is always the same as that of the original cryptocurrency.
  • These tokens have shown major growth over the last months. They represent an important part of DeFi.
  • Tokenized Bitcoin is a lot more compatible with the Ethereum ecosystem than the original BTC. This makes wrapped Bitcoin easier to use within DeFi.

What is a wrapped token?

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