Volume (24h)
$11.77K
-0.32 %
Total supply
88,444,168,992 WTRX
Wrapped Tron (WTRX)
$ 0.33
-0.32 %
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updated $0Market cap$0
Volume 24h$11.77K
Wrapped Tron (WTRX) is an ERC-20 token representing Tron (TRX) on the Ethereum blockchain. It allows TRX holders to access Ethereum's decentralized finance (DeFi) ecosystem. Essentially, WTRX is TRX 'wrapped' for compatibility with Ethereum-based applications.
Frequently asked questions
What is Wrapped Tron (WTRX) and how is it different from TRX?
Wrapped Tron (WTRX) is a tokenized version of Tron (TRX) on the Ethereum blockchain. While TRX operates on the Tron network, WTRX enables TRX to be used in Ethereum's DeFi ecosystem, bridging the two blockchains.
How does Wrapped Tron (WTRX) work?
WTRX is created by locking TRX in a smart contract, which then mints an equivalent amount of WTRX on Ethereum. This process ensures that WTRX is backed 1:1 by TRX, maintaining its value parity.
How is Wrapped Tron (WTRX) issued?
WTRX is issued when TRX is deposited into a smart contract on the Tron network. The contract then mints an equivalent amount of WTRX on Ethereum, ensuring a transparent and secure issuance process.
How can I store and use Wrapped Tron (WTRX)?
WTRX can be stored in any Ethereum-compatible wallet, such as MetaMask or Trust Wallet. It can be used in Ethereum-based DeFi platforms for lending, borrowing, trading, and other financial activities.