Wrapped BNB (WBNB)
The wrapped and DeFi-compatible version of Binance Coin.
Wrapped BNB (WBNB) is a tokenized version of BNB used on decentralized platforms, allowing BNB holders to interact
with smart contracts and DeFi applications on the Binance Smart Chain and beyond. It keeps a 1:1 value ratio with BNB.
Below is live market data retrieved from the CoinGecko API.
Wrapped BNB (WBNB) Live Data
Current Price: $877.51
Market Cap: $1,224,742,396
24h Volume: $532,756,716
24h Change: 0.44%
Rank: 87
Project Overview
WBNB enables Binance Coin to be used in the decentralized finance ecosystem. By wrapping BNB into an ERC-20 equivalent, it becomes compatible with smart contracts, decentralized exchanges, and lending platforms. This functionality allows users to use BNB as collateral, participate in yield farming, or provide liquidity while maintaining exposure to BNB’s value.
The token is essential for bridging Binance’s centralized ecosystem with decentralized markets, offering seamless integration for developers and traders.
Key Insights
Wrapped BNB plays a central role in the Binance Smart Chain (BSC) DeFi ecosystem. It gives developers and users an ERC-20 compatible version of BNB, enabling participation in liquidity pools, lending, and yield protocols. WBNB simplifies cross-chain use cases by standardizing token interactions, making it a preferred asset for smart contract operations. For traders, holding WBNB instead of native BNB is essential when interacting with decentralized applications that require ERC-20 tokens. Its stability and deep liquidity make it one of the most used wrapped assets across networks. As DeFi adoption grows, WBNB remains key infrastructure for decentralized trading and automated yield systems.
Common Questions About Wrapped BNB
1. What is the difference between BNB and WBNB?
WBNB is the ERC-20 compatible version of BNB used in smart contracts.
2. Is WBNB backed 1:1 by BNB?
Yes, each WBNB is backed by one BNB held in reserve.
3. Why is wrapping necessary?
It allows BNB to interact with decentralized applications and DeFi protocols.
4. Can I convert WBNB back to BNB?
Yes, it can be unwrapped at any time to retrieve the underlying BNB.
Market Context
WBNB is one of the cornerstones of DeFi activity on Binance Smart Chain. It ensures BNB’s utility extends beyond trading into liquidity provisioning and yield generation. As cross-chain bridges expand, WBNB also plays a role in connecting BSC with other EVM-compatible networks, increasing interoperability and adoption. Its liquidity makes it a benchmark asset across decentralized markets.