Wrapped SOL (Wormhole Arbitrum)

SOL

WSOL on Arbitrum chain is a bridged version of SOL. SOL is the native currency of the Solana chain used for gas fees and security.

Risk Rating

Average

$131.86

-2.73%

Summary

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Information

Blockchain

Arbitrum

Info

Key Metrics

Market Cap: $61.7B
Fully Diluted Valluation: $77.1B
FDV / MC: 1.2
Ranking inside Exponential (excluding stables): #3
Circulating Supply: 468,226,612
Total Supply: 584,607,761
Volume (24H): $2.2B
ATH: $259.96 (11/06/2021)
ATL: $0.50 (05/11/2020)

Risk Assessment

Average

Asset Strength

WSOL is a large-cap, fully collateralized asset. This asset is exposed to the underlying risks of Portal (Wormhole) bridge, a protocol rated as Watch out.

Dependencies

Portal Bridge

Asset Tokenomics

WSOL has an uncapped supply but has inflation control or burn mechanisms in place. WSOL on Arbitrum is backed 1:1 by SOL locked in the Portal bridge protocol on the Solana chain.

Things to know about SOL