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Wrapped TRON

Wrapped TRON priceWTRX

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WTRX
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1 WTRX = 0.1395 USD
Last updated 2024-02-20 23:24:42(UTC-0)

Wrapped TRON price live data summary

The live price of Wrapped TRON is $0.1395 per (WTRX / USD) today with a current market cap of $12.28B USD. The 24-hour trading volume is $1.67M USD. WTRX to USD price is updated in real time. Wrapped TRON is +2.22% in the last 24 hours. It has a circulating supply of 88,034,010,000 .

What is the highest price of WTRX?

WTRX has an all-time high (ATH) of $0.1395, recorded on 2024-02-20.

What is the lowest price of WTRX?

WTRX has an all-time low (ATL) of $0.04579, recorded on 2022-11-14.

Wrapped TRON price performance in USD

24h7d30d90d1yAll-time
+2.22%+10.12%+27.62%+39.27%+94.66%+6701.05%

Wrapped TRON price history in USD

TimeLowHigh
24h$0.1361$0.1395
7d$0.1266$0.1395
30d$0.1063$0.1395
90d$0.09794$0.1395
1y$0.05550$0.1395
All-time$0.04579(2022-11-14, 1 years ago )$0.1395(2024-02-20, coin_market.today )

Wrapped TRON market information

Market capCombinedShapeIcon
$12,281,259,727.94
+2.22%
Fully diluted market capCombinedShapeIcon
$12,281,259,727.94
+2.22%
Volume (24h)CombinedShapeIcon
$1,674,627.34
+7.27%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+99.00%
24h volume / market capCombinedShapeIcon
0.0001
Circulating supplyCombinedShapeIcon
88,034,010,000 WTRX
Total supply / Max supplyCombinedShapeIcon
88.03B WTRX
-- WTRX
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Wrapped TRON ratings

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

About Wrapped TRON(WTRX)

What Is Wrapped TRON?

Wrapped TRON (WTRX) acts as a bridge between different blockchain ecosystems, primarily the TRON and Ethereum networks. As the name suggests, Wrapped TRON is a version of the TRON (TRX) token, wrapped or enveloped into an ERC-20 compliant token for use within the Ethereum ecosystem.

In the increasingly interconnected world of cryptocurrencies and DeFi, different blockchain ecosystems often function as separate entities. Interoperability between these blockchains is a major challenge that Wrapped TRON seeks to address, essentially facilitating cross-chain transactions between TRON and Ethereum.

TRON is known for its high-speed and low-cost transactions, which has made it a popular choice for dApps (decentralized applications). However, Ethereum, with its advanced smart contract functionality, continues to be the leading platform for DeFi projects. Wrapped TRON allows users to utilize the strengths of both ecosystems - the speed and affordability of TRON and the diverse DeFi landscape of Ethereum.

Resources

Whitepaper: https://tron.network/static/doc/white_paper_v_2_0.pdf

Official website: https://tron.network/

How Does Wrapped TRON Work?

Wrapped TRON works by representing an equal value of TRON (TRX) tokens but in the form of ERC-20 tokens, which are compatible with the Ethereum network. This process is managed by a custodian or a decentralized protocol, depending on the wrapping model. The custodian (which can be a trusted third party or a smart contract) holds the original TRX tokens and issues an equivalent amount of Wrapped TRON on the Ethereum blockchain.

The process of wrapping and unwrapping TRON tokens works as follows:

- Wrapping: A user sends TRX tokens to a wrapping contract (custodian), locking up the original TRX tokens. An equivalent amount of Wrapped TRON is then minted on the Ethereum blockchain and credited to the user's Ethereum address. This way, 1 Wrapped TRON always equals 1 TRX token.

- Unwrapping: If the user wants to convert their Wrapped TRON back into TRX, they can send their Wrapped TRON to the wrapping contract, which will burn or destroy the Wrapped TRON tokens and unlock an equivalent amount of TRX tokens. These TRX tokens are then returned to the user's TRON address.

In both processes, the total supply of TRON is not affected since the wrapping process involves locking up the same amount of TRX that is created as Wrapped TRON on the Ethereum network.

Wrapped TRON's Impact On Finance

Wrapped TRON (WTRX) has significant implications for the financial landscape, particularly within the growing decentralized finance (DeFi) sector. By acting as a bridge between the TRON and Ethereum ecosystems, WTRX enables TRX holders to access Ethereum's diverse DeFi offerings. This opens up new investment opportunities, increases liquidity in the DeFi space, and facilitates greater interoperability between blockchain networks. Furthermore, by combining TRON's high-speed, low-cost transactions with the broad DeFi landscape of Ethereum, Wrapped TRON enables users to optimize their activities for cost efficiency, diversify their investment risks, and capitalize on the strengths of both ecosystems. In this way, WTRX plays a crucial role in enhancing the functionality, accessibility, and growth of the DeFi sector, contributing to the ongoing evolution of the financial industry.

What Determines Wrapped TRON's Price?

Understanding the factors that influence the Wrapped TRON price is crucial for both seasoned and new cryptocurrency investors. The current Wrapped TRON value is shaped by a blend of elements, including its role as a bridge between the TRON and Ethereum ecosystems. This cross-chain capability affects Wrapped TRON's market cap and plays a significant role in Wrapped TRON price predictions. With its unique feature set, Wrapped TRON enables users to tap into Ethereum's expansive DeFi landscape while enjoying TRON's high-speed and low-cost transactions. As DeFi and dApp usage surges, so does demand for Wrapped TRON, which in turn affects its USD price.

When looking at the Wrapped TRON price chart, it's essential to consider both historical and real-time Wrapped TRON price data. Wrapped TRON price history reveals how this token has reacted to past market conditions, while real-time Wrapped TRON price updates provide current insights. If you're considering buying Wrapped TRON, staying on top of Wrapped TRON price analysis can give you a more comprehensive understanding of its market behavior. Factors such as fluctuations in the price of TRON (TRX) or Ethereum (ETH), Wrapped TRON's market cap, and overall cryptocurrency market trends can influence how much Wrapped TRON is worth. This complex interplay of elements makes Wrapped TRON's future price a subject of interest for traders looking to convert Wrapped TRON to USD. So, whether you're tracking Wrapped TRON vs TRON price or aiming to understand the Wrapped TRON cryptocurrency price in broader terms, a multifaceted analysis is key.

Conclusion

In conclusion, Wrapped TRON is a versatile and powerful tool for the cryptocurrency community, bridging the gap between the TRON and Ethereum ecosystems, and facilitating a greater degree of interaction and utility between the two.

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

Trade WTRX perpetual futures

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

The current price of WTRX is $0.1395, with a 24h price change of +2.22%. Traders can profit by either going long or short onWTRX futures.

Join WTRX copy trading by following elite traders.

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

People are also inquiring about the price of Wrapped TRON.

What is the current price of Wrapped TRON?

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

What is the 24 hour trading volume of Wrapped TRON?

Over the last 24 hours, the trading volume of Wrapped TRON is $1.67M.

What is the all-time high of Wrapped TRON?

The all-time high of Wrapped TRON is $0.1395. This all-time high is highest price for Wrapped TRON since it was launched.

Can I buy Wrapped TRON on Bitget?

Yes, Wrapped TRON 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 TRON?

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

Where can I buy Wrapped TRON 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.

How does Wrapped TRON compare to other cryptocurrencies?

TRON stands out for its dedication to decentralizing digital entertainment and web content. Although it frequently secures a spot among the top 10 cryptocurrencies in terms of market cap, its precise ranking and value fluctuate depending on market circumstances and how other coins are performing.

Is Wrapped TRON a good investment?

TRON distinctly positions itself with a unique mission to decentralize online content sharing, aiming to become a foundational pillar in the development of Web 3.0. This innovative vision sets TRON apart from current mainstream streaming platforms. Leveraging decentralized technology, TRON introduces a transformed method for consuming and sharing content, prioritizing user experience. This unique strategy not only captivates users but also attracts forward-thinking investors, showcasing TRON as a potentially appealing investment option. The growing momentum of Web 3.0 adoption further amplifies TRON's attractiveness. As we transition into this new internet epoch, TRON's dedication to decentralization propels it to the forefront. Additionally, with developers exploring alternatives to platforms like Ethereum for dApp development, the allure of TRON is escalating. Its blockchain is noteworthy for its scalability, high throughput, and a commitment to energy efficiency through the delegated proof-of-stake consensus mechanism. Nevertheless, like all investments, conducting thorough research and seeking advice from financial experts are crucial steps before making any investment decisions.

What is Wrapped TRON used for?

TRON is architectured as a decentralized platform focusing on content sharing, with a particular emphasis on the entertainment sector. Its core functionalities encompass: Development of Decentralized Applications (dApps): The TRON network facilitates developers in crafting and launching smart contracts and dApps. Direct Content Sharing: It empowers content producers to publish, distribute, and store their work without the need for middlemen, potentially leading to increased earnings from their creations. Custom Token Generation: Besides its native TRX, TRON accommodates the development of personalized tokens, broadening possibilities for individual initiatives and ICOs within its network. Decentralized Data Storage: Leveraging its acquisition of BitTorrent, TRON accentuates capabilities in decentralized file sharing and storage. Participation in Staking and Voting: Owners of TRX can engage in the governance of the network by staking their tokens and casting votes for Super Representatives. In essence, TRON aspires to construct a decentralized internet framework, aiming to democratize access to digital entertainment and web content.

What is a Wrapped TRON token?

A wrapped TRON token, akin to other wrapped tokens, signifies the TRON cryptocurrency from the TRON blockchain on a distinct blockchain. This process is facilitated by securing the original TRON tokens on the TRON blockchain and distributing equivalent wrapped TRON tokens on the target blockchain, for instance, Ethereum. Wrapped TRON tokens are engineered to foster cross-chain compatibility, granting TRON holders the ability to employ their assets within the Ethereum ecosystem. This feature becomes notably beneficial when TRON holders are keen on accessing Ethereum's decentralized finance (DeFi) applications or leveraging Ethereum's smart contract functionalities.

What makes Wrapped TRON unique?

WTRX is a token pegged to the price of TRX, ensuring a 1:1 value ratio between them. This eliminates price differences and enables TRX holders to access DeFi services like lending, borrowing, staking, swapping, and yield farming. WTRX also provides advantages like faster transactions, lower fees, greater scalability, and enhanced interoperability with other blockchains, enhancing user experiences and fostering innovation and collaboration.

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

Wrapped Tron (WTRX) and Tron (TRX) differ in their blockchain protocols and use cases. WTRX exists on a different blockchain, offering interoperability, DeFi capabilities, and the ability to be reclaimed by users. TRX is the native currency of the TRON blockchain, primarily used for transactions, staking, and governance within its ecosystem. The key distinction lies in WTRX's versatility and compatibility with various blockchains, while TRX is specific to the TRON network.
Cryptocurrency investments, including buying Wrapped TRON online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Wrapped TRON, 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 TRON purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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WTRX resources

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