Introduction to Wrapped BNB (WBNB)
Wrapped BNB (WBNB) is a BEP-20 token representing Binance Coin (BNB) on the Binance Smart Chain (BSC). It enables seamless interaction with decentralized applications (dApps) by maintaining a 1:1 peg with native BNB.
Key Metrics
- Market Cap: $872,483,226
- Circulating Supply: 1,326,486 WBNB
- Price: $657.74 per WBNB
How WBNB Works
The Wrapping Mechanism
- Deposit BNB into a smart contract.
- Receive an equivalent amount of WBNB.
- Burn WBNB to reclaim native BNB.
This process ensures liquidity and compatibility across BSC’s DeFi ecosystem.
Use Cases for WBNB
- DeFi Participation: Engage with BSC-based dApps.
- Liquidity Provision: Trade in WBNB pairs on DEXs like PancakeSwap.
- Collateral: Borrow assets using WBNB on lending platforms.
👉 Discover top DeFi platforms using WBNB
Trading WBNB
Price Calculator (WBNB ↔ USD)
| WBNB | USD |
|---|---|
| 0.01 WBNB | $6.58 |
| 1 WBNB | $657.74 |
| 100 WBNB | $65,774 |
| USD | WBNB |
|---|---|
| $1 | 0.0015 WBNB |
| $100 | 0.152 WBNB |
FAQ
1. Is WBNB the same as BNB?
No. WBNB is a wrapped version of BNB that adheres to the BEP-20 standard for use in smart contracts.
2. Where can I trade WBNB?
While some exchanges list WBNB, it’s primarily used within BSC’s DeFi ecosystem.
3. Can I stake WBNB?
WBNB itself isn’t stakeable, but you can use it in yield farming on platforms like PancakeSwap.
👉 Learn how to maximize WBNB yields
Final Thoughts
WBNB bridges native BNB with BSC’s DeFi landscape, offering liquidity, utility, and earning opportunities. Always verify smart contract addresses when wrapping/unwrapping.
For automated trading strategies, explore tools like Cryptohopper.
### Key SEO Elements:
- **Keywords**: Wrapped BNB, WBNB, Binance Smart Chain, BEP-20, DeFi, yield farming.
- **Structure**: Hierarchical headings, tables for data clarity, and engaging anchor links.