Logo of Wrap ProtocolWrap Protocol(WRAP)
Total Value Locked$556,025.39

TVL by Chain

Ethereum$556,025.39

Protocol Information

Through Wrap, users issue wTokens (wrapped tokens) which are representations of ERC20 and ERC721 tokens on the Tezos blockchain. wTokens can then be used on the Tezos blockchain, and their value is pegged to the original tokens.

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Category:Synthetics

Audits:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Alchemix V3 ($37.85m)Metronome Synth ($10.85m)Usual ETH0 ($2.33m)Outcome Finance ($1.45m)Yam Finance ($241,956.45)CVI Finance ($118,603.51)Alchemix V2 ($84,954.69)Rumpel Labs ($50,246.11)Crafting Finance ($11,552.1)QIAN ($5,674.97)

Frequently Asked Questions

What is Wrap Protocol's TVL?

Wrap Protocol currently has $556,025.39 in total value locked. TVL has increased 19.7% over the past 30 days.

What chains does Wrap Protocol operate on?

Wrap Protocol operates on Ethereum. Ethereum holds the largest share at 100%.

How does Wrap Protocol's TVL compare to similar protocols?

Among Synthetics protocols tracked by DefiLlama, Wrap Protocol ranks #6 by TVL. The category holds $70.84m across 38 protocols, and Wrap Protocol accounts for 0.8% of that total. Other leading protocols include Alchemix V3, Metronome Synth, Usual ETH0, Outcome Finance, Yam Finance, CVI Finance, Alchemix V2, Rumpel Labs, Crafting Finance, and QIAN.