The current real-time price of WPOL is $0.1105. In the past 24 hours, WPOL has traded between $0.1101 and $0.1190, showing strong market activity. The all-time high of WPOL is $2.91, and the all-time low is $0.0985.
From a short-term perspective, the price change of WPOL over the past 1 hour is , over the past 24 hours is +0.38%, and over the past 7 days is -5.52%. These figures provide a quick overview of the latest price trends and market dynamics of WPOL on LBank.-15.07%
The live price of WPOL today is $0.1105, with a current market cap of $24.984M. The 24-hour trading volume is 5M. The price of WPOL to USD is updated in real time.
Before deciding whether to buy or sell WPOL, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WPOL technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WPOL.
How much will WPOL be worth tomorrow, next week, or next month in ? What about your WPOL assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WPOL Price Prediction
To learn more about WPOL, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
polygon-pos | 0x6d80...89ea97  | 51.943M | 22.97% |
polygon-pos | 0x1bf0...a25f67 | 44.622M | 19.73% |
polygon-pos | 0xa631...fe70a8 | 10.146M | 4.49% |
polygon-pos | 0xdc81...888888 | 8.900M | 3.94% |
polygon-pos | 0xee07...e5be85 | 7.206M | 3.19% |
Other | 103.349M | 45.7% |
Wrapped POL is an ERC-20 compatible version of the native POL token on the Polygon network. While native POL is primarily utilized for paying network gas fees, it does not conform to the ERC-20 standard required by many decentralized applications (dApps). By wrapping it into wpol, it gains compatibility, enabling its use within various DeFi protocols for activities like lending, borrowing, and trading.
Native POL is primarily for network-level operations such as gas payments and staking. If you wish to interact with decentralized applications, such as a decentralized exchange or a lending platform, you typically need the ERC-20 compatible version, wpol. This is because smart contracts are designed to interact with standardized tokens, making wpol essential for participating in various DeFi protocols.
On September 4, 2024, Polygon officially transitioned its ticker from MATIC to POL. Consequently, wpol is the direct successor to WMATIC. In most instances, WMATIC has either been automatically updated to wpol, or the underlying contracts have been migrated to reflect the new token. For users still holding WMATIC, many platforms facilitate a straightforward 1:1 swap to convert it into wpol.
To wrap, you send native POL to a designated wrapping smart contract, often accessed through a decentralized exchange interface or various DeFi platforms. The contract securely locks your native POL and, in return, mints an equivalent amount of wpol. To unwrap, you return the wpol to the same contract, which then burns your wpol and releases the original native POL back to your wallet. Both processes involve a 1:1 exchange, with a small gas fee paid in native POL for the transaction.
Yes, Wrapped POL is specifically designed to maintain a 1:1 peg with native POL. This parity is ensured because wpol is always backed by an equal amount of actual POL tokens locked within a smart contract. Their market values are virtually identical. Occasionally, minor temporary deviations in the peg might occur during periods of extreme market volatility or if a liquidity pool experiences an imbalance, but these typically stabilize swiftly through arbitrage mechanisms.
The primary risks include smart contract risk, as wpol relies on a contract to hold native POL; any vulnerability could impact its value. There's also custody risk, where unlike native POL in your wallet, wpol represents a claim on locked assets. Lastly, liquidity risk means if you trade very large amounts, you must ensure sufficient depth in the trading pool to prevent significant price impact or 'slippage'.
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