## What is Wrapped TRON?

Wrapped TRON (WTRX) is a [derivative](https://coinmarketcap.com/alexandria/glossary/derivative) of TRON. It is used widely in many decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/glossary/defi)) applications for different use cases, such as [providing liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity-provider), [token swaps](https://coinmarketcap.com/alexandria/glossary/token-swap), [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading) and others.

WTRX is a wrapped token that represents [TRON (TRX)](https://coinmarketcap.com/currencies/tron/) on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) network. [Wrapped tokens](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) are tokens that are pegged to another asset at a 1:1 ratio. They allow users to access different blockchains and ecosystems without having to convert their original tokens. For example, if you want to use TRX on Ethereum-based DeFi platforms, you can wrap your TRX into WTRX and use it as an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token. This way, you can enjoy the benefits of both networks without losing exposure to your original asset.

Tron’s vision is to bridge the gap between TRON and Ethereum and to enable more liquidity, [interoperability](https://coinmarketcap.com/alexandria/glossary/interoperability) and innovation in the DeFi space. WTRX aims to provide users with a seamless and secure way to access various DeFi protocols and services across different blockchains.

The company’s roadmap includes expanding its support for more blockchains and platforms, such as [BNB Chain](https://coinmarketcap.com/currencies/binance-coin/), [Polygon](https://coinmarketcap.com/currencies/polygon/), [Solana](https://coinmarketcap.com/currencies/solana/) and others. It also plans to launch more products and features, such as [lending](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p-lending), borrowing, [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming), [governance](https://coinmarketcap.com/alexandria/glossary/governance) and more.


## How Does Wrapped TRON Work?

To wrap TRX into WTRX, users need to deposit their TRX into a [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) that acts as a [custodian](https://coinmarketcap.com/alexandria/glossary/custodian). The smart contract then mints an equivalent amount of WTRX on the Ethereum network and sends it to the user’s [wallet](https://coinmarketcap.com/alexandria/glossary/wallet). To unwrap WTRX back into TRX, users need to [burn ](https://coinmarketcap.com/alexandria/glossary/burned)their WTRX tokens on the Ethereum network and receive their TRX tokens back from the smart contract on the TRON network.

Some of the advantages of using wrapped tokens include: accessing different blockchains without having to deal with multiple wallets or exchanges; reducing transaction fees or waiting times by using faster or cheaper networks; enhancing portfolio diversification by exploring new opportunities or markets; increasing liquidity by unlocking more trading pairs or pools.

Some of the disadvantages of using wrapped tokens include: relying on third-party custodians or intermediaries who may be vulnerable to hacks or frauds; losing some functionality or features that are native to the original network; facing regulatory uncertainty or compliance issues due to cross-border transactions.


### Related Pages

Learn more about [Tron](https://coinmarketcap.com/alexandria/article/what-is-tron-features-and-tokenomics) in our deep dive.

Check out [Tron](https://coinmarketcap.com/currencies/tron/) — the decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017.

Check out [Wrapped Bitcoin (WBTC)](https://coinmarketcap.com/currencies/wrapped-bitcoin/) — the wrapped version of Bitcoin on Ethereum.

Find out more about [Wrapped ETH](https://coinmarketcap.com/alexandria/article/what-is-wrapped-ethereum-weth) and how it works on CoinMarketCap Alexandria.


## What Makes Wrapped TRON Unique?

WTRX is pegged to the price of TRX, which means one WTRX is always worth one TRX. This ensures that there is no arbitrage or price discrepancy between the two tokens. It enables TRX holders to participate in DeFi functionality, such as lending, borrowing, staking, swapping and yield farming.

WTRX also allows TRX holders to enjoy the benefits of other blockchains, such as faster transactions, lower fees, higher scalability and more interoperability. This enhances the user experience and expands the possibilities for innovation and collaboration.


## Where Can You Buy Wrapped Tron (WTRX)?

If you’d like to buy WTRX at the current rate, you can trade WTRX on [Sunswap V2](https://coinmarketcap.com/exchanges/justswap/).

Wrapped TRON

Welcome to Wrapped TRON's Community channel aggregated by CoinMarketCap.

Tron20

BitTorrent (New)

JUST

Sun (New)

WINkLink

Coconut Chicken

Moneta Digital

wstUSDT

Rock Dao

PayNet Coin

Fimarkcoin

MiL.k

The Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and store digital assets, founded in February of 2014. The GUSD is created by the cryptocurrency exchange Gemini.

The company received approval from the New York Department of Financial Services or NYDFS to launch the stablecoin in September of 2018. The Gemini Trust Company holds USD deposits that correspond to the number of tokens that are in circulation.

When it comes to the Gemini Dollar itself, it is an ERC-20 token that is built on the Ethereum network and has smart contracts that are audited by the security company Trail of Bits Inc.

This dollar is intended to bridge the divide between traditional finance and the crypto industry, due to the fact that this specific stablecoin is completely regulated by the NYDFS.

Gemini Dollar

USDD is a stablecoin issued by the TRON DAO Reserve. It’s pegged to the value of the US dollar and aims to provide a reliable, decentralized cryptocurrency for blockchain transactions. USDD can be used for payments, trading, staking and as a value store.

USDD is backed by a number of cryptocurrencies, including Bitcoin, Ethereum and TRON. To ensure stability and security, the reserve is over-collateralized, meaning that it holds more assets than the amount of USDD currently in circulation.

USDD

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility.
Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

Tether Gold

TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.

TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.

TrueUSD

Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.

A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued asERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Pax Dollar

aelf

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

sUSD is a synthetic USD token enabled by the Synthetix protocol. It tracks the price of the US Dollar through price feeds supplied by Chainlink’s decentralized network of oracles. sUSD is integrated across the DeFi ecosystem as one of the most liquid decentralized stablecoins, including at Curve. It can be traded without slippage for other assets native to the Synthetix protocol at Kwenta or Synthetix.Exchange.

sUSD

Bitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.

Bitcoin Gold

DeXe

ssv.network

Gnosis (GNO) builds decentralized infrastructure on Ethereum. Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a decentralized autonomous organization (DAO) which provides infrastructure for various types of decentralized applications (dApps), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.

Gnosis

The Threshold network provides and maintains a suite of cryptographic primitives for several dApps. The network is the product of the protocol merger between the Keep Network and NuCypher, which was finalized on January 1, 2022 with the launch of the T token.

Threshold

UNUS SED LEO

Celo Dollar

ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.

The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.

The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.

ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.

ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.