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About Wrapped Kaspa
Wrapped Kaspa (wKAS) is a blockchain-based initiative aimed at increasing interoperability between the Kaspa network and the Ethereum network. It's a tokenized version of the Kaspa (KAS) digital currency, encapsulated within an ERC-20 token on the Ethereum network.
The purpose of creating Wrapped Kaspa is to allow Kaspa to be more easily integrated and interacted with in the world of Ethereum's decentralized finance (DeFi) ecosystem. The token operates on a 1:1 ratio with Kaspa, meaning each Wrapped Kaspa token is equivalent to one Kaspa. This approach enables the transfer of value between the two separate blockchains, bridging the gap and allowing users to utilize the benefits of both networks.
The key benefit of wKAS is the ability for users to participate in Ethereum's DeFi ecosystem using their Kaspa holdings, unlocking access to a wide range of services including decentralized exchanges (DEXs), lending platforms, yield farming, and more.
To ensure the balance of wKAS and KAS, Chainge, a trusted custodian, holds the necessary amount of KAS in reserve. This ensures the value of the wrapped token and allows for the reverse process (unwrapping), where users can exchange their wKAS back into KAS at any time.
Happening now
AI generated 2h ago
WKAS climbed roughly
↗11%
over the past 24 hours while DeFi peers declined, showing relative strength in a mixed market.
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Trading Insights
Market Stats
Market Cap
$328.1K
FDV
$328.1K
Circ. Supply
119M WKAS
Max Supply
Not enough data
Total Supply
119M WKAS
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$104.2K
494,655.11%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.2213
Price Change (1Y)
Not enough data
69.07%
Additional details
Market details
WKAS vs markets
↘ 51.89%
WKAS vs BTC
↘ 45.63%
WKAS vs ETH
↘ 53.77%
Tags
defi
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x112b08621E27e10773ec95d250604a041f36C582 | |
BNB Smart Chain | 0x51E72dd1F2628295cC2ef931cB64fDbDc3a0c599 | |
Polygon | 0x3562Ddf1f5Ce2c02Ef109E9d5A72e2FDB702711D |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.002756 | |
1 Day | $0.0032 | |
1 Week | $0.002993 | |
1 Month | $0.002151 | |
1 Year | $0.008908 |
Coinbase insights
Happening now
AI generated 2h ago
WKAS climbed roughly
↗11%
over the past 24 hours while DeFi peers declined, showing relative strength in a mixed market.
Strength across multiple timeframes
The asset's recent daily advance builds on longer-term momentum, with gains of approximately
↗31%
over the past month as the broader DeFi category showed mixed results.
Trading activity expanding with price
Volume increased approximately
↗17%
over the past 24 hours as the asset advanced while the broader DeFi category declined roughly
↘0.9%
during the same period.
Short-term volatility typical for smaller tokens
The asset declined roughly
↘3%
over the past week despite the recent daily strength, reflecting fluctuations common for smaller tokens.
Characteristics of small market cap assets
With a market cap around $335,000 and trading roughly
↘99%
below its all-time high, the asset exhibits typical volatility patterns for smaller tokens in the DeFi category.
Recent trends
The latest WKAS price is $0.002756. Compared to Wrapped Kaspa's value of $0.00 from 24 hours ago, there's been a -14% decrease, while the current price is -8% down from $0.00 which was recorded one week ago. Wrapped Kaspa's all time high is $0.2213, which was reached on August 1, 2024. This is a -99% change from its price today.
The market cap is currently $328.1K, which is a result of multiplying the current price of Wrapped Kaspa($0.00) by the total supply(119,071,765 WKAS). The fully diluted valuation of Wrapped Kaspa is $328.1K. The diluted valuation of Wrapped Kaspa is $328.1K.
FAQ
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.