On November 13th, former 21.co strategist Tom Wan said on the X platform that the market value of cbBTC quickly reached 1 billion US dollars in 57 days, and its net supply on Ethereum has changed faster than bitcoin liquidity staking tokens (LSTs) including eBTC, solvBTC. BBN, pumpBTC, etc. The current supply of cbBTC has reached 9.3% of the supply of WBTC.
As of November 8, the total market capitalization of cbBTC reached $1.04 billion, of which the Ethereum network accounted for the largest share, the supply was $855 million, the Base network was $176 million, and Solana was $10.30 million. The current supply of cbBTC is equivalent to 9.3% of the supply of WBTC.
CBBTC market cap breaks through $1 billion, equivalent to 9.3% of WBTC supply
2024-11-13 09:16:16
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