What Wrapped BTC (Avalanche) represents
Wrapped BTC (Avalanche) (WBTC.E) is a wrapped asset, currently ranked 534th by market capitalization among the assets we track. Wrapped BTC (Avalanche) is a wrapped asset: it mirrors the price of an underlying coin from another chain so that asset can be used in smart contracts where it can't natively go. A unit of WBTC.E should always be redeemable for a unit of what it wraps.
Wrapped BTC (Avalanche) (WBTC.E) is an ERC-20 token that represents Bitcoin on the Avalanche blockchain, allowing users to leverage Bitcoinu2019s value within decentralized applications and smart contracts. It is fully backed by Bitcoin, enhancing liquidity and interoperability across ecosystems.
How the peg to the underlying holds
Minting and burning keep Wrapped BTC (Avalanche) aligned with what it wraps. The mechanism is simple; the trust assumption — that the custodian actually holds the reserves — is the part to scrutinize.
Background & fundamentals
In sector terms it is most often filed under Avalanche (AVAX) Token.
Where Wrapped BTC (Avalanche) sits in the market
With WBTC.E near $65,402, Wrapped BTC (Avalanche) carries a market capitalization of $27.86M. Around $279.39K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 1.00% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Wrapped BTC (Avalanche) carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. WBTC.E remains -79% beneath its all-time high of $316,267, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Across timeframes, WBTC.E shows 24-hour +2.32%, 7-day -1.64%.
Volatility profile
Recent action puts Wrapped BTC (Avalanche) in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate a wrapped asset like Wrapped BTC (Avalanche)
A grounded read on WBTC.E comes down to three questions:
- Custody model — who holds the underlying behind WBTC.E and whether reserves are provably 1:1.
- Redeemability — how reliably WBTC.E can be converted back to the asset it represents.
- Underlying exposure — remember that holding WBTC.E is really holding the underlying — analyze that asset directly.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
