Wrapped exists
Indicates if wrapped versions exist, improving cross-chain liquidity.
Shows whether the token is available in “wrapped” form on other blockchains.
Useful for cross-chain liquidity.
The more wrapped versions there are, the more the token circulates because it can be used on more blockchains. This is a parameter that contributes to the token’s success.
However, it also increases the risk of hacks related to bridges. Therefore, during custody periods when a wrapped version is not necessary, it is preferable to keep the tokens in an unwrapped version, i.e., on their original blockchain.
Source: coingecko.com
This metric is part of the Liquidity category