Crypto news report · source clearly identified

WBT Hits New All‑Time High Amid Infrastructure Upgrade and Supply Changes

WBT trades around $72.70 after reaching a new peak, coinciding with Whitechain’s shift to an Ethereum Layer 2, a fully unlocked supply and an active burn program.

WBT surged past $72, setting a fresh all‑time high and extending the previous record of $64.11 set in December 2025. The price move aligns with the token’s four‑year anniversary and broader shifts in crypto infrastructure and institutional participation.

Expanded utility for an exchange token

WBT now serves multiple roles:

  • Reduced trading fees and referral rewards on the WhiteBIT exchange.
  • Eligibility for Launchpad activities and staking rewards.
  • Native gas token for the Whitechain blockchain, enabling transaction fees outside the exchange.

Whitechain transitions to an Ethereum Layer 2

Whitechain is moving from a standalone Layer 1 to an Ethereum Layer 2 built with the OP Stack. The Sepolia testnet is live, and mainnet deployment is planned for later in 2026. The network remains EVM‑compatible, allowing developers to use familiar Ethereum tools, and WBT will continue as the native gas asset.

Supply dynamics and burn program

The token’s full supply was unlocked in 2026. WhiteBIT’s ongoing burn program uses 33% of trading‑fee income and 5% of other exchange revenue to reduce circulation toward a target of 200 million WBT. This marks a shift from earlier scheduled unlocks.

Broader market exposure

In March 2026, WBT was listed on Kraken with USD and EUR pairs, expanding liquidity beyond the WhiteBIT platform.

Performance snapshot

Over the past 12 months, WBT has appreciated 28.3% and ranked among the top‑10 cryptocurrencies by market capitalization at the time of its fourth anniversary.

Source & attribution

News Source

Publisher
crypto.news
Original date
August 24, 2026, 3:31 PM
Original headline
WBT’s new all-time high comes as crypto infrastructure gets more institutional
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