Live · updated 23 minutes ago
WrappedM by M0 Price chart
Key stats
Performance
How the price moved over each period.
Supply
76.54M WM circulate. No maximum supply is set.
- Circulating
- 76.54M
- Total supply
- 76.54M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.00% of market cap. Thin trading; small orders can move the price.
$76.43M market cap, rank #291. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
93.5% below its all-time high of $15.40.
Largest recent swing: 0.04% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is WrappedM by M0 (WM)?
WrappedM, written wM, is a non-rebasing ERC-20 wrapper around M, the base token of the M0 protocol. M0 describes itself as modular stablecoin infrastructure: a shared layer on which issuers can build their own dollar tokens. M itself is an immutable ERC-20 that is backed one-to-one by approved collateral, and its docs show US Treasury collateral at the base of the design.
How WM works
Native M has a feature that many DeFi applications cannot handle: balances held in earning mode grow continuously through a shared index. wM solves this by keeping each account's balance fixed. Yield is tracked separately and claimed manually, and it can be sent to a recipient the holder configures.
- Accounts are either non-earning, which gives no yield, or earning, which tracks yield from a fixed principal and an index derived from M.
- Earning status is granted by M0 governance or by delegated earner managers, who can take a fee from claimed yield.
- Holders wrap M into wM and unwrap it back at the protocol level.
What WM is used for
- Using M in automated market makers, lending markets and other contracts that need a standard, non-rebasing token.
- Serving as the reference example of an M0 extension, the custom stablecoin layer built on top of M.
- Moving M-based value across the chains where wM is deployed.
WM supply and token design
wM has no fixed cap. It is minted when M is wrapped and burned when it is unwrapped, so supply follows wrapping activity. The token uses six decimals. On Ethereum the contract is 0x437cc33344a0b27a429f795ff6b469c72698b291, and the same address is used on Arbitrum and Plume, while Solana has its own deployment. Because wM is a wrapper, its backing is the M it holds, and M in turn relies on approved collateral and on the minters who borrow against it. Live circulating supply is shown in the market data on this page.
Official information is on m0.org.
What to check before using WM
- wM inherits the risks of M, including the quality and custody of its collateral and the behaviour of minters.
- Yield does not appear in the wM balance. It must be claimed, and only approved earners can receive it, so check how an application handles that.
- Governance decides who can earn and at what rate, so the yield profile can change.
- Wrapping and unwrapping rely on smart contracts, which carry code risk despite audits.
- Cross-chain versions add bridge or messaging risk, so confirm the contract address before swapping.
WrappedM by M0 project profile
- Open source
- No
Token contracts
- Ethereum:
0x437cc3…98b291 - Plume Network:
0x437cc33344a0b27a429f79… - Arbitrum One:
0x437cc3…98b291 - Solana:
mzeroXDo…7xMVJp
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
WrappedM by M0 market analysis
With a market capitalisation of $76.43 million, WrappedM by M0 (WM) is classed as a micro-cap asset and ranks #291 of 402 cryptocurrencies with a reported market cap on CryptoWave, larger than about 27.6% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $29.00 of WM changed hands, equal to 0.00% of its market cap, which puts its trading volume ahead of about 10.4% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 10% of tracked assets.
Price action: WM moved −0.04% in 24 hours and −0.02% over 7 days. It outperformed Bitcoin by 1.64 percentage points over 24 hours and by 4.23 points over 7 days. Against the median tracked coin (ahead by 1.52 points on the day and ahead by 4.88 points on the week), it has been a relative strength in recent sessions.
To overtake Tradable NA Post-Settlement Legal Financing Receivables (PC0000101) just above it, WrappedM by M0 would need to grow its market cap by about 0.4%; it is 0.0% larger than Targon (SN4) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
WrappedM by M0 FAQ
What is WrappedM (wM)?
wM is a non-rebasing ERC-20 wrapper for the M token from M0. Its balance stays fixed while yield is tracked and claimed separately.
What is wM used for?
It lets M be used in DeFi applications that cannot handle rebasing balances, such as AMM pools and lending markets.
How many wM are there?
There is no fixed cap. wM is created when M is wrapped and burned when it is unwrapped.
What is the difference between M and wM?
Native M balances grow as yield accrues to earning accounts. wM keeps a fixed balance and handles yield through manual claims.
Price history
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