wBTC Live on Chainflip: $8.5 Billion in Bitcoin Liquidity, Now Accessible

Wrapped Bitcoin is now supported on Chainflip. You can swap wBTC (on Ethereum) across Bitcoin, Ethereum, Solana, Arbitrum, and Polkadot. No bridges, no centralized intermediaries.

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wBTC is now live: swap at chainflip.io.

What is wBTC?

Wrapped Bitcoin (wBTC) is an ERC-20 token pegged 1:1 to Bitcoin, designed to bring BTC liquidity into Ethereum and other EVM-compatible networks. Each wBTC token is backed by real Bitcoin held in custody, which has historically been managed by BitGo under a centralized custodian model.

wBTC made it possible to use Bitcoin in DeFi protocols that don't natively support it. The tradeoff is custody: your Bitcoin exposure depends on a third party holding the underlying BTC.

wBTC by the Numbers

Before adding wBTC support, it's worth understanding the scale of the market Chainflip is now serving.

wBTC has a circulating supply of over 120,000 tokens, representing more than $8.5 billion in Bitcoin held across EVM networks. The asset has been used by over 530,000 users since launch and is currently held by more than 147,000 on-chain addresses.

Activity on decentralized exchanges reflects the demand. The largest single wBTC liquidity pool on Uniswap V3 alone processes roughly $70 million in daily trading volume. Across all pools and DEXes, the scale of wBTC trading activity is significant.

The asset also serves as a major source of collateral in DeFi lending. Aave alone holds approximately 40,500 wBTC as collateral, worth around $2.9 billion, making it the single largest on-chain wBTC holder by a wide margin.

For Chainflip, this represents a large and underserved routing problem. Users who hold wBTC on Ethereum or Arbitrum have historically had limited options for moving back to native BTC without touching a centralized exchange. Chainflip is now a direct path.

Why is Chainflip adding wBTC?

Chainflip is built around native assets. Swapping Bitcoin as Bitcoin, not as a token representation of it. Adding wBTC support isn't a departure from that philosophy, it's an extension of it. For many users, wBTC is the entry point: they already hold it across EVM chains and want a direct path back to native BTC without routing through a centralized exchange. Chainflip is now that path.

A significant amount of Bitcoin liquidity sits in wBTC form across Ethereum and Arbitrum. Supporting wBTC means Chainflip can serve users where their assets already are, rather than asking them to convert before they arrive. That makes Chainflip more useful for a larger share of the Bitcoin-in-DeFi market.

It also reflects a practical reality: demand for wBTC swaps is real. Users moving between EVM chains and native Bitcoin need a reliable, decentralized route. Chainflip's decentralized custody model makes it well-positioned to provide that without introducing a new centralized custodian into the process.

What chains can you swap wBTC on Chainflip?

With this launch, wBTC available to swap across all major chains supported by Chainflip:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Arbitrum (ARB)
• Polkadot (DOT)

You can swap wBTC in either direction across any of these networks in a single transaction.

How to swap wBTC on Chainflip

1. Go to swap.chainflip.io
2. Select wBTC as your input or output asset
3. Choose your destination chain and wallet address
4. Confirm the swap

No account required. No bridge. Funds go directly to your wallet.

Swap wBTC Through Chainflip's Integrators

One of the most practical aspects of wBTC on Chainflip is how broadly accessible it becomes through the protocol's existing integrator network. Users don't need to visit Chainflip directly. They can access wBTC swaps from wallets and aggregators they already use.

• Trust Wallet (via Rango) connects over 100 million users to Chainflip's swap infrastructure. wBTC support extends that reach directly.
• Phantom (via Li.Fi), the leading Solana wallet, routes Chainflip swaps through Li.Fi. Users can swap wBTC to native BTC without ever leaving the Phantom interface.
• MetaMask (via Rango) puts wBTC swaps in front of one of the largest browser wallet user bases in crypto.
• Crypto.com (via Li.Fi) brings wBTC swap access to its broad retail user base across its DeFi wallet product.
• Binance Wallet (via Rango) routes wBTC through the Binance Web3 wallet, serving users already deep in the BNB ecosystem.
• SafePal (via SwapKit) extends wBTC support to both its software and hardware wallet users.
• Xverse (via SwapKit) is a newly integrated Bitcoin-native wallet, making wBTC-to-BTC swaps available directly inside a wallet built specifically for the Bitcoin ecosystem.
• OrangeRock (via SwapKit), also newly integrated, adds another Bitcoin-focused entry point for wBTC swaps on Chainflip.

For the full integrator ecosystem, visit chainflip.io/ecosystem.

wBTC vs native Bitcoin: what's the difference?

wBTC and native BTC both track the same price, but they are not the same asset. Native Bitcoin lives on the Bitcoin blockchain and is secured by the Bitcoin network. wBTC is a token representation of Bitcoin secured by a custodian rather than the underlying chain.

For users who hold wBTC and want to move back to native BTC, or vice versa, Chainflip handles the conversion directly. Assets are secured by validators through Chainflip's decentralized custody model, with no centralized custodian involved in the swap process.

For a deeper breakdown of the differences and risks, read our full guide: Wrapped Bitcoin vs Native Bitcoin.

Resources

• Swap Now - Start swapping native assets
• Lend BTC - Borrow against native Bitcoin
• Blog - Product updates and announcements
• Chainflip Scan - Track swaps and network activity
• Website - Explore Chainflip

Other Chainflip Products:

• Boost - Earn fees by providing single-sided liquidity with no IL risk
• Stablecoin Strategies - Deposit stablecoins and earn optimized yields
• Provide Liquidity - Supply assets to Chainflip's liquidity pools
• Stake FLIP - Delegate FLIP and earn staking rewards

Find us:

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• X - Follow Chainflip on X
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• Bluesky - Follow Chainflip on Bluesky

Frequently asked questions

Can you swap wBTC to BTC on Chainflip?
Yes. You can swap wBTC directly to native Bitcoin in a single transaction. Select wBTC as your input asset and BTC as your output, enter your Bitcoin wallet address, and confirm.

How do you swap BTC to wBTC?
Go to swap.chainflip.io, select BTC as your input and wBTC as your output, choose Ethereum or Arbitrum as the destination network, and complete the swap.

Is wBTC the same as Bitcoin?
No. wBTC is an ERC-20 token pegged to Bitcoin's price, but it is held in custody by a third party. Native Bitcoin is held on the Bitcoin blockchain itself. The price tracks 1:1, but the custody and security model differs.

Which networks support wBTC swaps on Chainflip?
Chainflip supports wBTC swaps across Bitcoin, Ethereum, Solana, Arbitrum, and Polkadot.