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Wrapped tokens: Cross-blockchain cryptocurrencies
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The crypto world is vast, and growing exponentially. However, OG blockchain giants Bitcoin and Ethereum struggled to have a conversation as each was independent and fundamentally coded differently - they refused to talk to each other. As many altcoins derive from one of these blockchains, this became a problem for the DeFi world and the exchange of tokens across networks. Enter wrapped coins. No, they're not gifts with little bows on, they're tokens pegged exactly to their underlying cryptocurrency, and can be used across networks as representatives.
This is a list of some of the most useful, recognizable wrapped tokens out there - but obviously don't rely on us. Unwrap your own research and don't get caught out - plan every trade and don't take this for advice.
This is a list of some of the most useful, recognizable wrapped tokens out there - but obviously don't rely on us. Unwrap your own research and don't get caught out - plan every trade and don't take this for advice.