Wrapped HBAR (WHBAR) is a tokenized version of Hedera Hashgraph's native cryptocurrency, HBAR, allowing it to operate on blockchains other than its own. Created through collaboration between Hedera Hashgraph and third-party interoperability specialists, WHBAR is designed to enhance the usability and reach of HBAR. It serves to facilitate HBAR's interoperability across various blockchain platforms, enabling its participation in decentralized finance (DeFi) activities and contributing to trading and liquidity in different blockchain ecosystems. Essentially, WHBAR extends HBAR’s functionality into a wider range of applications and markets within the digital asset space.
