Coinbase Wrapped ADA ("cbADA") is a token that is backed 1:1 by native Cardano (ADA) held by Coinbase, meaning that for all cbADA in circulation, there is an equivalent amount of ADA held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbADA, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbADA and redeem a corresponding amount of the underlying ADA simply by depositing the cbADA into their Coinbase accounts. cbADA is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility.
cbADA removes a key point of friction by allowing customers to use ADA they already hold in new ways onchain. cbADA is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their ADA as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbADA are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.
Where is Coinbase Wrapped ADA available for purchase?
You can exchange CBADA tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Coinbase Wrapped ADA is Aerodrome SlipStream, notably the CBADA/WETH pair, which saw a trading volume of $ 265,550 in the past day. Additionally, PancakeSwap V3 (Base) and Treble V4 are popular alternatives for trading tokens.
What is the highest value Coinbase Wrapped ADA (CBADA) has ever reached?
Coinbase Wrapped ADA (CBADA) reached its peak price at 1.072 $ on 26 June 2025, approximately 2 months ago ago. Presently, the current price is -14.76% lower than this all-time high.
What is the historical minimum price for Coinbase Wrapped ADA (CBADA)?
The minimum price reached for Coinbase Wrapped ADA (CBADA) was 0.5372 $, documented on 01 July 2025, more than 2 months ago. In comparison, the current price is 70.07%, it above this historical low.
What is the fully diluted valuation of Coinbase Wrapped ADA (CBADA)?
The fully diluted valuation (FDV) of Coinbase Wrapped ADA (CBADA) stands at $ 2,33 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CBADA tokens. The realization of this FDV might take several years depending on the emission schedule of CBADA tokens.