The current real-time price of WEGLD is $5.56. In the past 24 hours, WEGLD has traded between $5.52 and $5.8, showing strong market activity. The all-time high of WEGLD is $827.47, and the all-time low is $5.04.
From a short-term perspective, the price change of WEGLD over the past 1 hour is , over the past 24 hours is +0.05%, and over the past 7 days is -2.86%. These figures provide a quick overview of the latest price trends and market dynamics of WEGLD on LBank.-8.61%
The live price of WEGLD today is $5.56, with a current market cap of $12.001M. The 24-hour trading volume is 356K. The price of WEGLD to USD is updated in real time.
Before deciding whether to buy or sell WEGLD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WEGLD 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 WEGLD.
How much will WEGLD be worth tomorrow, next week, or next month in ? What about your WEGLD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WEGLD Price Prediction
To learn more about WEGLD, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x8894...e2d4e3  | 23,258 | 7.75% |
binance-smart-chain | 0xf977...41acec | 20,002 | 6.67% |
binance-smart-chain | 0xe2fc...a93ae1 | 19,564 | 6.52% |
binance-smart-chain | 0x0529...c553b7 | 15,599 | 5.2% |
binance-smart-chain | 0x0843...434083 | 13,879 | 4.63% |
Other | 207.696K | 69.23% |
Wrapped EGLD (wEGLD) is a token built on the Ethereum blockchain that is pegged to the value of Elrond Gold (EGLD), the native cryptocurrency of the MultiversX network. As a "wrapped" token, wEGLD is tied to the value of another cryptocurrency, allowing that native asset to be utilized on a different blockchain where it wouldn't natively exist.
wEGLD exists primarily to enhance interoperability between the MultiversX and Ethereum networks. Its purpose is to allow EGLD holders to access the extensive ecosystem of the Ethereum blockchain, including its various decentralized exchanges (DEXs), liquidity pools, and diverse decentralized finance (DeFi) applications that might not be natively available to EGLD.
The MultiversX blockchain uses tokens in the ESDT (Elrond Standard Digital Token) format. Since native EGLD is not in ESDT format, it needs to be converted to wEGLD. This conversion enables wEGLD to be used on various decentralized platforms within the MultiversX ecosystem for activities like token swaps, adding liquidity to pools, and engaging in other smart contract interactions, making it compatible with the network's DeFi infrastructure.
Beyond facilitating cross-chain compatibility, wEGLD offers several key use cases. These include enabling arbitrage trading opportunities between different networks, participating in staking protocols to potentially earn income, and serving as collateral for loans within decentralized finance (DeFi) applications. Its versatility expands the utility of native EGLD.
The process of converting native EGLD into wEGLD is known as "wrapping." Conversely, transforming wEGLD back into native EGLD is called "unwrapping." This entire process is frequently automated to ensure user convenience. While advanced users have the option to skip unwrapping for efficiency, the core mechanism ensures a 1:1 peg between the wrapped and native tokens.
wEGLD tokens can be traded on various decentralized exchanges, facilitating liquidity and swaps across different blockchain networks. Additionally, depending on listing availability, users might find wEGLD available for trading on centralized cryptocurrency exchanges, such as LBank, offering another avenue for access and exchange to a broader user base.
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