What Wrapped TAO represents
Wrapped TAO (WTAO) is a wrapped asset, currently ranked 352nd by market capitalization among the assets we track. Wrapped TAO 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 WTAO should always be redeemable for a unit of what it wraps.
Wrapped TAO (WTAO) is a token that represents TAO on other blockchain networks, enabling its use within decentralized applications and DeFi platforms while maintaining its original value.
How the peg to the underlying holds
A wrapped token holds its peg through redeemability: as long as you can burn WTAO to reclaim the underlying, arbitrage keeps the two prices locked together. The risk lives in whoever custodies the backing.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in WTAO. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20).
Where Wrapped TAO sits in the market
With WTAO near $250.84, Wrapped TAO carries a market capitalization of $29.02M. Around $448.46K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 1.55% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Wrapped TAO carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. WTAO remains -80% beneath its all-time high of $1,271, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -5.45%, 7-day +7.91%, 30-day +5.81%. Within its stored 326-day daily history, WTAO mounted a low-to-high run of roughly 139% at its strongest stretch.
Volatility profile
Recent action puts Wrapped TAO in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals +5.81%, a useful input for stop placement and position sizing.
How to evaluate a wrapped asset like Wrapped TAO
The honest checklist for WTAO is short:
- Custody model — who holds the underlying behind WTAO and whether reserves are provably 1:1.
- Redeemability — how reliably WTAO can be converted back to the asset it represents.
- Underlying exposure — remember that holding WTAO 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.
