About Wrapped-Tokens Cryptocurrencies
Wrapped-Tokens are a category of cryptocurrencies that have gained popularity in recent times. These tokens are designed to provide a way for users to interact with decentralized applications (dApps) on the Ethereum blockchain without having to hold the underlying asset. For example, a wrapped token representing Bitcoin can be used to participate in a dApp that only accepts Bitcoin as payment. This allows users who do not have access to Bitcoin to still participate in these applications and benefit from their functionality. Wrapped-Tokens are also useful for reducing the complexity of interacting with different blockchain networks, as they provide a single entry point for users to access multiple assets. Overall, wrapped tokens offer a convenient and secure way for users to engage with decentralized applications on the Ethereum blockchain.
List of Wrapped-Tokens Cryptocurrencies
|Coin Name||Market Capitalization|
|Wrapped Bitcoin (WBTC)||$4,750,032,994.0|
|Wrapped NXM (WNXM)||$73,892,686.0|