Market cap
$87.62M
19 %
Volume (24h)
$1.82K
19 %
Circulating supply
2,185,065,724 WFTM
Total supply
2,185,065,724 WFTM
Wrapped Fantom (WFTM)
$ 0.05
19 %
Main info
News
Comments
Markets
Analytics
Key data
updated $0Market cap$87.62M
Volume 24h$1.82K
Circulating supply2.19B
Wrapped Fantom (WFTM) is a tokenized version of Fantom (FTM) designed for use in decentralized finance (DeFi) ecosystems. It represents Fantom's native token on Ethereum-compatible blockchains, enabling seamless integration with DeFi platforms. WFTM maintains a 1:1 peg with FTM, ensuring its value remains equivalent.
Frequently asked questions
What is Wrapped Fantom and how is it different from Fantom?
Wrapped Fantom (WFTM) is an ERC-20 token that represents Fantom (FTM) on Ethereum-based blockchains. While FTM operates on Fantom's native blockchain, WFTM allows FTM to be used in Ethereum-compatible DeFi applications, bridging the gap between ecosystems.
How does Wrapped Fantom work?
WFTM is created by locking Fantom (FTM) in a smart contract, which then mints an equivalent amount of WFTM on Ethereum-compatible chains. This process ensures a 1:1 peg between FTM and WFTM, maintaining their value parity.
How is Wrapped Fantom issued?
WFTM is issued through a wrapping process where Fantom (FTM) tokens are locked in a smart contract, and an equivalent amount of WFTM is minted. This ensures transparency and a direct link between the two tokens.
How can I store and use Wrapped Fantom?
WFTM can be stored in any Ethereum-compatible wallet, such as MetaMask or Trust Wallet. It is primarily used in DeFi applications like decentralized exchanges, lending platforms, and yield farming protocols.