What is Wrapped BNB?

Wrapped BNB (WBNB) is a wrapped asset currently ranked 60th by market capitalization across all crypto assets we track. Wrapped assets mirror the value of an underlying coin from another chain, allowing it to be used in smart contracts where the original cannot natively interact.

Market position

At the current price of $647.14, Wrapped BNB carries a market capitalization of $842.20M. Daily trading volume across exchanges sits at roughly $10.37M. That works out to a 24-hour turnover of about 1.23% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.

Price action across timeframes

Over the past 24 hours, Wrapped BNB has moved ++0.21%; over the past week, Wrapped BNB has moved -3.91%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.

Cycle position

Wrapped BNB is currently trading deeply below its all-time high (all-time high of $1,370, -52.8% from peak). Classic accumulation territory where long-term holders historically build positions.

Supply & dilution

The circulating supply stands at 1,582,848 WBNB. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Wrapped BNB in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.

How to evaluate Wrapped BNB

A balanced read on WBNB typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is WBNB performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Wrapped BNB (WBNB) is a token that represents Binance Coin (BNB) on the Ethereum blockchain, allowing BNB to be used in decentralized applications and smart contracts. It maintains a 1:1 peg with BNB, enabling seamless cross-chain transactions. Source: CoinPaprika.com