Wrapped BNB (WBNB) is a prominent token within the Binance Smart Chain ecosystem, serving as a pegged representation of BNB that conforms to the BEP-20 standard. This article delves into the current market performance, key metrics, and trading dynamics of the WBNB/BUSD pair on the InterCroneSwap decentralized exchange.
WBNB/BUSD Price and Market Data
As of the latest update, the price of WBNB stands at $660.02** against BUSD. Over the past 24 hours, the price has remained stable with a **0% change**. The trading volume for the same period is reported at **$0.004636, indicating minimal market activity for this specific pair at this time.
The fully diluted valuation (FDV) of WBNB is approximately $875 million**, reflecting its significant market presence. The liquidity pool backing the WBNB/BUSD pair holds **$11.75, providing the necessary depth for token swaps.
Historical Price Range
In the last 24 hours, the highest price recorded for WBNB/BUSD was $660.02**, observed at 18:45 UTC. The lowest price during this period was also **$660.02, recorded at the same time, highlighting a period of unusual stability.
Liquidity and Contract Details
The WBNB/BUSD trading pair operates on the InterCroneSwap platform, hosted on the Binance Smart Chain. The smart contract address for this liquidity pool is:
0xdfb334cf4c011583cec24291ca9a75deb36b9134
This pool was established over two years ago and has since facilitated numerous transactions. The most recent trade was successfully recorded, confirming ongoing activity.
Current Exchange Rate
At 12:09 UTC, the exchange rate between WBNB and BUSD is 1 WBNB = $660.28**. Conversely, **$1 can purchase 0.001515 WBNB at the current market rate.
Pool Composition
The liquidity pool consists of two primary assets:
- WBNB: 0.008908 tokens (valued at $5.8797)
- BUSD: 5.8969 tokens (valued at $5.8797)
This balanced composition ensures that the pool maintains a stable ratio for efficient trading. For those looking to dive deeper into advanced trading strategies and liquidity pool mechanics, you can explore comprehensive DeFi guides.
Where to Trade WBNB/BUSD
The WBNB/BUSD pair is accessible for trading on several decentralized platforms, including:
- InterCroneSwap (BSC)
- Maestro Bot
- KyberSwap
These platforms offer users the ability to swap tokens directly from their wallets, providing a seamless and non-custodial trading experience.
Holder Distribution and Major Wallets
WBNB boasts a substantial holder base, with approximately 2.6617 million unique addresses holding the token. This widespread distribution is a testament to its utility and adoption within the blockchain space.
The largest known holder of WBNB is a wallet with the contract address 0x9b00a09492a626678e5a3009982191586c444df9, identified as belonging to Aave. This wallet currently holds 96,196 WBNB, valued at roughly $63,491,283.92 at today's price.
Security and Contract Audit
The WBNB/BUSD pool has been assigned a GT Score of 74.31, which helps assess its overall reliability. Key security findings include:
- The pool's smart contract has been verified.
- There are no immediate signs of a "honeypot" scam risk.
- No proxy contract was detected in the setup.
- The pair has recorded trading activity in the last 24 hours.
These factors contribute to a more secure environment for users engaging with this liquidity pool.
Frequently Asked Questions
What is Wrapped BNB (WBNB)?
Wrapped BNB (WBNB) is a tokenized version of Binance Coin (BNB) that exists on the Binance Smart Chain. It adheres to the BEP-20 standard, making it compatible with a wide array of decentralized applications, smart contracts, and other tokens within the ecosystem.
How is the price of WBNB determined?
The price of WBNB is primarily determined by market supply and demand on various decentralized exchanges. Since it is pegged to the value of BNB, its price closely follows that of the native asset, with minor fluctuations based on liquidity depth in specific trading pairs like WBNB/BUSD.
Is it safe to trade WBNB on InterCroneSwap?
While the reviewed pool shows no obvious red flags like honeypot risks, always exercise caution in DeFi. Conduct your own research, verify contract addresses from official sources, and never invest more than you are willing to lose. The security of your funds ultimately relies on your diligence.
What is the difference between BNB and WBNB?
BNB is the native currency of the BNB Chain, used for paying transaction fees. WBNB is a "wrapped" representation of BNB that conforms to the BEP-20 standard, enabling it to be used seamlessly in smart contracts and traded easily with other BEP-20 tokens on decentralized exchanges.
Why is the trading volume for this pair so low?
Extremely low trading volume for a specific pair on one DEX can occur because liquidity and trading activity are fragmented across many different exchanges. Major trading for WBNB typically occurs on larger pools and centralized exchanges, while smaller pools on platforms like InterCroneSwap see less activity.
Can I provide liquidity to the WBNB/BUSD pool?
Yes, if the pool is open for liquidity provision, you can add an equal value of both WBNB and BUSD tokens to the pool. In return, you will receive LP (Liquidity Provider) tokens, which represent your share of the pool and entitle you to a portion of the trading fees generated. To understand the process in detail, learn about yield farming strategies.