The WBTC/WETH trading pair on Uniswap V3 continues to be one of the most closely watched liquidity pools in the decentralized finance (DeFi) space. As Bitcoin and Ethereum remain the two dominant cryptocurrencies by market capitalization, their wrapped counterparts—Wrapped Bitcoin (WBTC) and Wrapped Ether (WETH)—form a critical trading corridor that facilitates cross-chain value transfer and deep liquidity provisioning.
Currently, the WBTC/WETH price is trading at $108,650**, reflecting a slight dip of **-1.12%** over the past 24 hours. Despite this minor correction, trading activity remains steady, with a **24-hour trading volume of $1.09 million generated across 142 transactions. This consistent volume highlights sustained interest from traders and liquidity providers alike.
👉 Discover how to maximize returns on top-performing DeFi pools like WBTC/WETH.
Liquidity and Market Depth
The WBTC/WETH pool boasts a robust liquidity reserve of $76.27 million**, ensuring tight spreads and minimal slippage for large trades. The pool contains **51.9 WBTC** (valued at ~$5.64 million) and 27,653.64 WETH** (worth approximately $70.56 million), illustrating a clear imbalance favoring WETH—common in pairs where Ethereum acts as the primary quote asset in DeFi ecosystems.
This liquidity has been stable since the pool’s creation three years ago, signaling long-term confidence among liquidity providers. The contract address for this pool is 0xcbcdf9626bc03e24f779434178a73a0b4bad62ed, and it operates with a standard 0.3% trading fee, making it attractive for yield-seeking investors.
With a Fully Diluted Valuation (FDV) of $14 billion, WBTC maintains strong market positioning as the leading ERC-20 representation of Bitcoin on Ethereum. Its widespread adoption across lending platforms, DEXs, and yield strategies underscores its role as a foundational asset in DeFi.
Price Volatility and Trading Range
Over the last 24 hours, the WBTC/WETH pair reached a high of $110,485.22** at 14:33 UTC before pulling back to a low of **$108,617.96 at 08:39 UTC. This narrow trading range suggests relatively low volatility, typical for mature, high-liquidity pairs anchored by blue-chip digital assets.
At the time of writing, the exchange rate stands at 1 WBTC = 42.58 WETH, a metric essential for arbitrageurs and cross-market traders balancing exposure between the two networks. For USD-based investors, this translates to roughly 0.000009204 WBTC per dollar, emphasizing Bitcoin’s high unit value even in fractional terms.
Holder Distribution and On-Chain Activity
WBTC has an active holder base of approximately 133,690 unique addresses, indicating broad ownership and decentralization. Notably, one of the largest holders is the Aave protocol, which controls 39,948 WBTC—valued at over $4.34 billion—through its smart contract at address 0x5ee5bf7ae06d1be5997a1a72006fe6c607ec6de8. This concentration reflects institutional-grade usage of WBTC in lending and borrowing markets.
Importantly, the WBTC/WETH pool shows no signs of malicious activity:
- ✅ Contract verified
- ❌ No honeypot detected
- ❌ No proxy contracts identified
- 🔄 Recent transaction occurred within the last 24 hours
These factors contribute to a GT Score of 92.66, a trust metric used to evaluate pool safety and reliability on analytics platforms.
👉 Learn how to assess high-score liquidity pools before investing your crypto assets.
Where to Trade WBTC/WETH
The primary venue for trading this pair is Uniswap V3, where most of the volume and liquidity are concentrated. Additional options include:
- KyberSwap
- Maestro Bot
However, Uniswap remains the go-to platform due to its deep order books, efficient price execution, and integration with major DeFi wallets like MetaMask and WalletConnect.
Traders should note that while alternative platforms may offer similar pairs, they often come with lower liquidity and higher slippage—factors that can erode profits, especially during volatile market conditions.
Why Use Uniswap V3 for WBTC/WETH?
Uniswap V3 introduces concentrated liquidity, allowing providers to allocate capital within specific price ranges. This feature enhances capital efficiency and boosts fee yields compared to earlier versions. For a stable, high-value pair like WBTC/WETH, this means better returns for LPs and tighter spreads for traders.
Frequently Asked Questions (FAQ)
What is WBTC?
Wrapped Bitcoin (WBTC) is an ERC-20 token pegged 1:1 to Bitcoin’s value. It enables BTC holders to participate in Ethereum-based DeFi applications such as lending, borrowing, and yield farming without giving up exposure to Bitcoin.
How does the WBTC/WETH pool work?
This liquidity pool allows users to trade WBTC against WETH directly on Uniswap V3. Liquidity providers deposit both assets in proportion to the current price and earn 0.3% in fees from every trade executed within the pool.
Is WBTC safe to use?
Yes, WBTC is backed by a consortium of custodians and undergoes regular audits. Its smart contracts are open-source and widely used across top DeFi protocols, including Aave and Compound.
What does FDV mean for WBTC?
Fully Diluted Valuation (FDV) represents the total market cap if all WBTC tokens were in circulation. With an FDV of $14 billion, WBTC ranks among the top assets in DeFi by valuation.
Can I earn yield with WBTC?
Absolutely. You can provide liquidity to pools like WBTC/WETH on Uniswap V3, lend WBTC on platforms like Aave or Compound, or stake through yield aggregators to earn passive income.
Why is WETH more abundant than WBTC in the pool?
Ethereum serves as the primary base currency in most DeFi transactions. Traders frequently use WETH to enter and exit positions, leading to higher WETH reserves in liquidity pools—even those involving Bitcoin.
👉 Start earning yield on your WBTC holdings today—explore top-tier DeFi opportunities now.
Final Thoughts
The WBTC/WETH pool on Uniswap V3 exemplifies the maturity and resilience of decentralized trading infrastructure. With strong liquidity, transparent on-chain metrics, and integration across major protocols, it remains a cornerstone of Ethereum’s DeFi ecosystem.
Whether you're a trader seeking efficient execution or a yield farmer optimizing capital allocation, monitoring key metrics—like price trends, volume shifts, and holder movements—can provide valuable insights into market sentiment and opportunity.
As DeFi continues to evolve, pairs like WBTC/WETH will play an increasingly vital role in bridging value across blockchains and unlocking new financial primitives for global users.
Core Keywords: WBTC/WETH, Uniswap V3, Wrapped Bitcoin, liquidity pool, DeFi trading, WBTC price, WETH exchange rate, 0.3% fee pool