Arbitrum Bridged WBTC on the Arbitrum One network brings the liquidity of Bitcoin to the layer-2 scaling solution, enhancing the speed and efficiency of transactions. This bridging process allows users to access Bitcoin's value while leveraging Arbitrum's lower gas fees and quicker settlement times. By integrating Wrapped Bitcoin into the Arbitrum ecosystem, it opens up new possibilities for decentralized finance applications seeking to capitalize on Bitcoin's market dominance.
more informationOKT Chain is emerging as a significant player in the decentralized finance ecosystem, offering a robust platform for developers to build and deploy their applications. With its focus on scalability and interoperability, it aims to address some of the key challenges faced by existing blockchain technologies. As more users recognize the potential of OKT Chain, it could play a pivotal role in shaping the future of decentralized finance and blockchain innovation.
more information
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General Information |
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Title
Arbitrum Bridged WBTC (Arbitrum One)
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Title
OKT Chain
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Symbol
wbtc
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Symbol
okt
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Whitepaper
-
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Whitepaper
-
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Website
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Website
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Community
-
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Community
-
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Last Updated
2025-03-13 23:59
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Last Updated
2025-03-13 23:59
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Price Data |
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Current Price $
80948
$
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Current Price $
4.84
$
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High 24h
83965
$
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High 24h
5.03
$
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Low 24h
79779
$
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Low 24h
4.81
$
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Price Change 24h
-2352.9935156794
$
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Price Change 24h
-0.079775671180073
$
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Price Change % 24h
-2.8247
%
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Price Change % 24h
-1.62116
%
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Market Data |
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Market Cap
656197110
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Market Cap
86436648
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Total Volume
120697707
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Total Volume
297122
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Market Cap Change 24h
-21981260.593108
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Market Cap Change 24h
-1474344.8128365
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Market Cap Change % 24h
-3.24122
%
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Market Cap Change % 24h
-1.67709
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
8112.31199547
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Circulating Supply
17847259.5
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Total Supply
8112.31199547
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Total Supply
17847259.5
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Max Supply
-
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Max Supply
21000000
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Historical Data |
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All Time High (ATH)
108397
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All Time High (ATH)
250.53
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ATH Change %
-25.34272
%
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ATH Change %
-98.06125
%
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ATH Date
2025-01-20 09:11
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ATH Date
2021-05-10 03:09
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All Time Low (ATL)
49594
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All Time Low (ATL)
4.65
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ATL Change %
63.17721
%
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ATL Change %
4.50899
%
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ATL Date
2024-08-05 13:30
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ATL Date
2025-03-11 01:32
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Arbitrum Bridged WBTC (Arbitrum One) is the wrapped Bitcoin (WBTC) adapted for the Arbitrum blockchain. It provides users with the opportunity to utilize Bitcoin's value on the Ethereum-compatible Arbitrum network. This enables transactions with faster processing times and lower fees compared to the traditional Bitcoin network.
WBTC is an ERC-20 token backed 1:1 by Bitcoin. Through a process involving custodians and merchants, Bitcoin can be converted to WBTC, facilitating its integration into the Ethereum and Arbitrum ecosystems. This bridging expands the utility of Bitcoin by allowing it to participate in decentralized finance (DeFi) platforms and other decentralized applications (dApps).
The primary advantage of utilizing Arbitrum Bridged WBTC is its ability to bring Bitcoin liquidity to the Arbitrum network, enabling enhanced transaction speed and reduced gas fees. In addition, it offers increased interoperability by allowing Bitcoin assets to participate in Ethereum-based DeFi protocols without requiring users to liquidate their Bitcoin holdings.
Despite these benefits, there are notable risks and limitations associated with Arbitrum Bridged WBTC. Users are required to trust third-party custodians to manage the Bitcoin reserves backing the WBTC, which introduces counterparty risk. Moreover, the bridging process and its dependence on smart contracts can expose users to potential security vulnerabilities.
Since its inception, Arbitrum Bridged WBTC has generally mirrored Bitcoin’s market trends, demonstrating high market cap volatility and price fluctuations. Recently, it reached an all-time high of $69,437 on October 21, 2024, but has since experienced a slight decrease in value. Its ability to maintain a substantial market capitalization indicates a strong position within the crypto space, buoyed by consistent demand for WBTC in DeFi applications.
The future outlook for Arbitrum Bridged WBTC remains promising, particularly as interest in layer-2 solutions grows and the DeFi sector expands. The continued development of the Arbitrum ecosystem and its scaling solutions may bolster the utility and adoption of WBTC. However, users should remain mindful of the inherent risks linked to bridging and wrapped tokens as crypto regulations evolve.
As of the latest updates, Arbitrum Bridged WBTC trades at around $67,030, demonstrating resilience despite recent market corrections. Moving forward, its role in providing Bitcoin liquidity coupled with the growing adoption of layer-2 solutions on Ethereum could solidify its position as a crucial asset within decentralized finance. The key to its persistent success lies in maintaining robust security measures and fostering trust among its user base.
In the rapidly evolving world of cryptocurrencies, OKT Chain, represented by the symbol 'okt', has emerged as a noteworthy player. Launched as the native token of the OKC ecosystem, OKT Chain aims to provide a highly efficient platform for decentralized applications (dApps) while leveraging the growing user base of the OKX exchange. Its current price stands at $7.18, a significant step down from its all-time high of $250.53 reached in May 2021, but it does present both opportunities and challenges for investors and developers alike.
OKT Chain has seen substantial price volatility since its inception. After reaching an all-time high of $250.53, the token faced significant corrections, reflecting the broader trends in the cryptocurrency market. As of now, the market capitalization of OKT Chain is approximately $127.9 million. The circulating supply is capped at about 17.84 million tokens, contributing to the asset's market dynamics. Furthermore, the token reached its all-time low of $5.52 in August 2024, highlighting its price fluctuations and the investor sentiment associated with it.
One of the most compelling advantages of OKT Chain is its robust infrastructure that supports high transaction speeds and low fees, a critical factor for dApps and blockchain developers. Additionally, being closely associated with the OKX ecosystem, OKT benefits from a large user base and enhanced liquidity. The platform also emphasizes interoperability, allowing interactions with various blockchain networks, which can be appealing to developers seeking to build versatile applications.
Despite its advantages, OKT Chain does face challenges. The dramatic decline from its ATH raises questions about its long-term value perception among investors. Regulatory scrutiny remains a significant concern within the cryptocurrency space, which could impact the growth and adoption of OKT Chain. Furthermore, competition with other established smart contract platforms like Ethereum and Binance Smart Chain can pressure OKT to continuously innovate and offer compelling use-cases.
Looking ahead, the future of OKT Chain appears to be a balancing act. If it can leverage its existing ecosystem effectively and continue to attract developers to its platform, the potential for growth is significant. Additionally, as the cryptocurrency market matures, the macroeconomic environment and regulatory frameworks will play crucial roles in shaping its trajectory. Innovations, partnerships, and an evolving market strategy will be key areas to watch as we head into 2025 and beyond.
In summary, while OKT Chain presents an exciting opportunity within the crypto space, it is essential for potential investors and developers to approach with a balanced perspective, considering both the advantages and challenges. As the ecosystem develops and the market landscape changes, keeping an eye on OKT Chain could yield valuable insights into the future of decentralized finance and blockchain technology.