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Wrapped HBAR

Wrapped HBAR priceWHBAR

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WHBAR
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USD
1 WHBAR = 0.08582 USD
Last updated 2024-04-20 19:19:49(UTC-0)

Wrapped HBAR price live data summary

The live price of Wrapped HBAR is $0.08582 per (WHBAR / USD) today with a current market cap of $3.07B USD. The 24-hour trading volume is $0.00 USD. WHBAR to USD price is updated in real time. Wrapped HBAR is +4.08% in the last 24 hours. It has a circulating supply of 35,741,577,000 .

What is the highest price of WHBAR?

WHBAR has an all-time high (ATH) of $0.1385, recorded on 2024-03-07.

What is the lowest price of WHBAR?

WHBAR has an all-time low (ATL) of $0.04219, recorded on 2023-06-10.

Wrapped HBAR price performance in USD

24h7d30d90d1yAll-time
+4.08%+5.20%-20.61%+12.58%---28.49%

Wrapped HBAR price history in USD

TimeLowHigh
24h$0.07951$0.08594
7d$0.06995$0.08807
30d$0.06995$0.1277
90d$0.06752$0.1385
1y$0.04219$0.1385
All-time$0.04219(2023-06-10, 316 days ago )$0.1385(2024-03-07, 45 days ago )

Wrapped HBAR market information

Market cap
$3,067,267,472.25
+4.08%
Fully diluted market cap
$4,290,895,362.46
+4.08%
Volume (24h)
--
0.00%
Market rankings
Circulation rate
+71.00%
24h volume / market cap
0
Circulating supply
35,741,577,000 WHBAR
Total supply / Max supply
50B WHBAR
-- WHBAR

Wrapped HBAR ratings

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

About Wrapped HBAR(WHBAR)

About Wrapped HBAR

Wrapped HBAR (WHBAR) is a tokenized version of Hedera on Ethereum. It represents Hedera in a 1:1 ratio, where each WHBAR token is backed by an equal amount of Hedera held in reserve by custodians. The primary purpose of WHBAR is to enable Hedera holders to access the world of DeFi. Since Ethereum has become more popular in decentralized finance, a significant portion of DeFi applications, protocols, and services are built on its blockchain. By wrapping Hedera in an ERC-20 token format, it becomes compatible with the Ethereum network, opening up a multitude of possibilities for the holders.

Hedera is a public network that leverages the hashgraph consensus algorithm to enable fast, fair, and secure transactions. Unlike traditional blockchain technology, Hedera doesn't form a single chain of blocks but instead weaves all transactions into a single whole, ensuring that no data is discarded. This innovative approach allows Hedera to process hundreds of thousands of transactions per second, with consensus latency measured in seconds, making it one of the most efficient and scalable platforms in the distributed ledger space.

Hedera was founded in 2017 by American technologists Leemon Baird and Mance Harmon, who also launched Swirlds Labs. Both founders possess extensive experience in the software development and tech industry, with expertise spanning AI, security, defense, identity, and more. As of August 2023, the Hedera network processes 66,670,036 transactions per day, with an average transaction time of 5.64 seconds.

Resources

Whitepaper: https://hedera.com/hh_whitepaper_v2.1-20200815.pdf

Official website: https://hedera.com/

How Does Wrapped HBAR Work

Hedera leverages the hashgraph consensus algorithm to enable a decentralized network capable of processing hundreds of thousands of transactions per second. Unlike traditional blockchain, where blocks can be discarded, Hedera incorporates every container of transactions into the ledger, ensuring efficiency and fairness. The system's asynchronous Byzantine Fault Tolerance (aBFT) provides robust security, including resilience to Distributed Denial of Service (DDoS) attacks, and ensures fair access and ordering of transactions.

The governance of Hedera is overseen by a council of up to 39 leading global enterprises, reflecting a diverse range of industries and geographies. This decentralized governance structure ensures that no single member has control, and no small group can exert undue influence. Stability is further ensured through technical controls that validate the pedigree of the ledger and legal controls that prevent unauthorized forks, providing a stable platform for mainstream adoption.

Hedera also emphasizes regulatory compliance, with features like controlled mutability of the network state and the ability to attach additional data to transactions. These features enable compliance with regulations like GDPR and facilitate Know Your Customer (KYC) and Anti Money Laundering (AML) checks. While not open source, Hedera's code is publicly available for review, ensuring transparency and stability through the defensive use of hashgraph software patents.

Conclusion

Wrapped HBAR stands as a significant innovation, bridging Hedera's unique hashgraph technology with the thriving world of Ethereum's DeFi. By ensuring a 1:1 ratio and compatibility with the Ethereum network, WHBAR has unlocked new possibilities and enhanced interoperability in the blockchain space

It's important to note that like any other cryptocurrencies, Wrapped HBAR carries its own risks and it's always wise to do your own research and exercise caution while investing.

Trade WHBAR perpetual futures

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

The current price of WHBAR is $0.08582, with a 24h price change of +4.08%. Traders can profit by either going long or short onWHBAR futures.

Join WHBAR copy trading by following elite traders.

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

Wrapped HBAR news

See more
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BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

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People are also inquiring about the price of Wrapped HBAR.

What is the current price of Wrapped HBAR?

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

What is the 24 hour trading volume of Wrapped HBAR?

Over the last 24 hours, the trading volume of Wrapped HBAR is $0.00.

What is the all-time high of Wrapped HBAR?

The all-time high of Wrapped HBAR is $0.1385. This all-time high is highest price for Wrapped HBAR since it was launched.

Can I buy Wrapped HBAR on Bitget?

Yes, Wrapped HBAR 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 HBAR?

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

Where can I buy Wrapped HBAR 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.

What is use case of Wrapped HBAR?

Wrapped HBAR serves as a bridge between Hedera Hashgraph and other blockchain ecosystems, particularly in the realm of decentralized finance (DeFi). Its key use cases include: - Integration with DeFi: Wrapped HBAR allows HBAR to participate in DeFi applications on platforms like Ethereum. This enables HBAR to be used in decentralized exchanges, lending platforms, and other financial instruments. - Collateral in DeFi: Users can lock wrapped HBAR into smart contracts as collateral, enabling them to borrow other assets or earn interest, similar to traditional financial systems but with blockchain advantages. - NFT Transactions: The speed and security of HBAR make it suitable for trading and creating Non-Fungible Tokens (NFTs) on marketplaces. - Cross-Chain Swaps: Wrapped HBAR facilitates seamless token exchanges between different blockchains, improving liquidity and ensuring users get optimal prices for their swaps.

What makes Wrapped HBAR unique?

Wrapped HBAR (wHBAR) is a unique solution that bridges Hedera Hashgraph and Ethereum, enabling users to access the decentralized finance (DeFi) space seamlessly. Key features include a cross-chain bridge, secure computation technology from Provable Things Oracle, no extra fees, and a 1-to-1 representation of HBAR on Ethereum. It's a beta product developed in collaboration since 2019, using audited ERC20 contracts and Computation-ds for off-chain logic. Security and user control are priorities, and future integration with pNetwork's nodes is planned. While innovative, users should exercise caution as it's a beta product for research purposes.

How can I get Wrapped HBAR?

You can obtain wrapped HBAR through two main methods: - Wrap HBAR on Hedera: You can acquire wrapped HBAR by using the provided portal to wrap your HBAR tokens on the Hedera network. - Trade on Ethereum DEX: Alternatively, you can also obtain wrapped HBAR by trading it on a decentralized exchange (DEX) on the Ethereum network. The wrapping process is facilitated by Provable.xyz's oracle system, and this development reflects the growing trend of blockchain networks connecting and forming an "internet of blockchains."

Is Wrapped HBAR safe?

The safety of Wrapped HBAR, like any wrapped token, depends on several factors: - Smart Contract Security: The process of wrapping and unwrapping HBAR involves smart contracts that must efficiently and securely handle the conversion. If these smart contracts have vulnerabilities or are not audited properly, it can pose risks to users. Ensuring the security of these contracts is crucial. - Interoperability and Upgrades: Integration with other blockchain platforms can be complex due to differences in architecture and consensus mechanisms. Ongoing collaboration and upgrades are necessary to ensure that wrapped HBAR operates smoothly across various platforms without technical glitches. - Regulatory Compliance: The regulatory environment for cryptocurrencies, especially wrapped tokens, is evolving. Compliance with local regulations is essential to avoid legal issues. Some jurisdictions may require specific compliance measures for wrapped tokens, and staying informed about and adhering to these requirements is vital. - Market Sentiment: Adoption and acceptance of wrapped tokens, including Wrapped HBAR, depend on market sentiment. Negative perceptions, whether due to technical issues, regulatory concerns, or other factors, can impact adoption and confidence in the token. - Custodial Risks: In some cases, wrapped tokens are held in custodial wallets or platforms. Users should consider the security practices of these custodians to ensure the safe storage of their assets.

Who founded Wrapped HBAR?

Hedera Hashgraph was founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird, currently the Chief Scientist at Hedera, is the inventor of the hashgraph distributed consensus algorithm. He has over a decade of experience in computer science and security, previously working as a senior research scientist at the Academy Center for Cyberspace Research. He also serves as the co-founder and CTO of Swirlds Inc., a platform for building decentralized applications (DApps). Mance Harmon, the CEO of Hedera, brings nearly two decades of experience in executive roles, particularly in the IT security industry. He is also a co-founder and CEO at Swirlds Inc. The Hedera leadership team consists of more than a dozen accomplished individuals with distinguished careers in various fields. The wrapping process is facilitated by Provable.xyz's oracle system, and this development reflects the growing trend of blockchain networks connecting and forming an "internet of blockchains."

What is the difference between HBAR tokens and Wrapped HBAR tokens?

Wrapping involves depositing original HBAR tokens into a smart contract, and in return, receiving ERC-20 tokens that represent the HBAR value. These newly created "wrapped" tokens are ERC-20 compliant, making them compatible and usable within decentralized applications (dApps) on the Ethereum network, allowing HBAR to be utilized seamlessly within the Ethereum ecosystem.
Cryptocurrency investments, including buying Wrapped HBAR online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Wrapped HBAR, 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 HBAR purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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