Wrapped BNB
WBNB
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
Wrapped BNB (WBNB): Overall Evaluation
Summary: WBNB provides a 1:1 BEP-20 wrapper for BNB, unlocking wide DeFi utility on Binance Smart Chain. It benefits from deep liquidity and a trusted, minimal-surface contract, but exhibits near-zero public development and centralized governance.
Pros:
- 1:1 peg to BNB with transparent escrow and no known exploits
- High liquidity across major DEXs; core DeFi asset on BSC
- Strong community usage and minimal code complexity reducing security risk
Cons:
- Virtually no active public development or roadmap
- Centralized control under Binance; limited on-chain governance
- Utility tied solely to BSC ecosystem growth
Outlook: Suitable as a core BNB vehicle in BSC DeFi, with limited speculative upside beyond native BNB performance.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped BNB (WBNB)
Wrapped BNB (WBNB)
Wrapped BNB (WBNB) is the BEP-20 token representation of Binance Coin (BNB) on Binance Smart Chain. By converting BNB into WBNB, users gain full compatibility with BSC smart contracts, decentralized exchanges (DEXs), and DeFi protocols.
Key Features
- 1:1 Peg to BNB: Each WBNB token is fully backed by BNB held in a smart contract escrow.
- BEP-20 Standard: Seamless integration with wallets, DEXs, and DeFi platforms on BSC.
- Liquidity Provision: Enables BNB liquidity in automated market makers, lending protocols, and yield farming strategies.
- Cross-Chain Bridge Support: Facilitates wrapping/unwrapping and cross-chain transfers via official bridge utilities.
Use Cases
- Decentralized Exchanges: Trade WBNB on PancakeSwap, BakerySwap, and other BSC DEXs.
- Yield Farming & Staking: Supply WBNB liquidity pools to earn protocol rewards.
- Smart Contract Interactions: Power BNB-based dApps and DeFi services.
Technical Details
- Token Name: Wrapped BNB
- Symbol: WBNB
- Blockchain: Binance Smart Chain (BEP-20)
- Contract Address: 0xBB4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
- Total Supply: Dynamic (pegged 1:1 to BNB in escrow)
Wrapped BNB (WBNB) unlocks the full potential of BNB within the Binance Smart Chain ecosystem, enabling seamless participation across DeFi, DEXs, and smart contract platforms.
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