Analysis: WBTC accounts for 59.7% of the market share of encapsulated BTC and is the BTC encapsulated token with the largest application scale
Golden Finance reported that according to monitoring by on-chain analyst @ai_9684xtpa, Trump’s encryption project WLFI exchanged part of USDC into cbBTC and ETH yesterday, and currently holds cbBTC worth US$9.96 million. After the WBTC custody crisis, Coinbase/Kraken and other transactions With all well-known forces entering the market, the following is the current market share of various types of encapsulated BTC
WBTC: accounting for 59.7%, it is still the largest BTC encapsulated token in application since its launch in 2019;
BTCB: accounting for 27.7%, the BSC network-anchored asset launched by Binance;
cbBTC: accounting for 7.28%, Coinbase quickly entered the top three tiers after its launch in September this year;
BTC.b: accounting for 2.3%, the cross-chain BTC of the Avalanche network;
tBTC: An open source project supported by Keep, Summa and Cross-Chain Group, encapsulating BTC in ERC20 form.