Glossary
Wrapped token
A token on one network representing an asset that lives on another, backed by the original being held somewhere. Its value depends on that backing being real and redeemable.
See also
BridgeA service that lets value move between two networks, usually by locking an asset on one side and issuing a representation on the other. Bridges hold funds while they operate, which has made them a repeated target.
TokenAn asset that lives on someone else's network and follows that network's rules, created by a contract that somebody wrote and often still controls.
Last checked 19 Oct 2026.