• bitcoinBitcoin (BTC) $ 91,061.00
  • ethereumEthereum (ETH) $ 3,051.30
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.19
  • bnbBNB (BNB) $ 885.84
  • usd-coinUSDC (USDC) $ 0.999719
  • tronTRON (TRX) $ 0.280932
  • staked-etherLido Staked Ether (STETH) $ 3,050.76
  • dogecoinDogecoin (DOGE) $ 0.150399
  • cardanoCardano (ADA) $ 0.420960
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • whitebitWhiteBIT Coin (WBT) $ 58.92
  • wrapped-stethWrapped stETH (WSTETH) $ 3,720.42
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 90,753.00
  • bitcoin-cashBitcoin Cash (BCH) $ 551.33
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,304.97
  • hyperliquidHyperliquid (HYPE) $ 34.66
  • usdsUSDS (USDS) $ 0.999768
  • chainlinkChainlink (LINK) $ 13.20
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • leo-tokenLEO Token (LEO) $ 9.70
  • stellarStellar (XLM) $ 0.255178
  • wethWETH (WETH) $ 3,051.82
  • wrapped-eethWrapped eETH (WEETH) $ 3,301.05
  • zcashZcash (ZEC) $ 460.07
  • moneroMonero (XMR) $ 403.63
  • ethena-usdeEthena USDe (USDE) $ 0.999333
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 91,069.00
  • litecoinLitecoin (LTC) $ 84.45
  • avalanche-2Avalanche (AVAX) $ 14.86
  • hedera-hashgraphHedera (HBAR) $ 0.146621
  • suiSui (SUI) $ 1.53
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • daiDai (DAI) $ 0.999622
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.160741
  • crypto-com-chainCronos (CRO) $ 0.109276
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • the-open-networkToncoin (TON) $ 1.60
  • susdssUSDS (SUSDS) $ 1.08
  • uniswapUniswap (UNI) $ 6.19
  • paypal-usdPayPal USD (PYUSD) $ 0.999843
  • polkadotPolkadot (DOT) $ 2.30
  • usdt0USDT0 (USDT0) $ 0.999966
  • mantleMantle (MNT) $ 1.07
  • canton-networkCanton (CC) $ 0.085863
  • bittensorBittensor (TAO) $ 301.83
  • aaveAave (AAVE) $ 186.33
  • usd1-wlfiUSD1 (USD1) $ 0.999431
  • bitget-tokenBitget Token (BGB) $ 3.62
  • nearNEAR Protocol (NEAR) $ 1.89
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • okbOKB (OKB) $ 109.31
  • tether-goldTether Gold (XAUT) $ 4,212.65
  • internet-computerInternet Computer (ICP) $ 4.05
  • aster-2Aster (ASTER) $ 1.08
  • falcon-financeFalcon USD (USDF) $ 0.998760
  • memecoreMemeCore (M) $ 1.27
  • ethereum-classicEthereum Classic (ETC) $ 13.75
  • pi-networkPi Network (PI) $ 0.254399
  • ethenaEthena (ENA) $ 0.282228
  • pepePepe (PEPE) $ 0.000005
  • jito-staked-solJito Staked SOL (JITOSOL) $ 171.55
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,053.84
  • pump-funPump.fun (PUMP) $ 0.002945
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.70
  • rainRain (RAIN) $ 0.007140
  • solanaSolana (SOL) $ 137.72
  • ondo-financeOndo (ONDO) $ 0.519498
  • htx-daoHTX DAO (HTX) $ 0.000002
  • kaspaKaspa (KAS) $ 0.058505
  • aptosAptos (APT) $ 2.13
  • worldcoin-wldWorldcoin (WLD) $ 0.644212
  • kucoin-sharesKuCoin (KCS) $ 11.57
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.135057
  • pax-goldPAX Gold (PAXG) $ 4,227.35
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.14
  • usdtbUSDtb (USDTB) $ 1.00
  • quant-networkQuant (QNT) $ 91.74
  • bfusdBFUSD (BFUSD) $ 0.999129
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,503.25
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999859
  • algorandAlgorand (ALGO) $ 0.143756
  • ripple-usdRipple USD (RLUSD) $ 0.999349
  • gatechain-tokenGate (GT) $ 10.59
  • hash-2Provenance Blockchain (HASH) $ 0.024025
  • wbnbWrapped BNB (WBNB) $ 885.53
  • global-dollarGlobal Dollar (USDG) $ 0.999707
  • arbitrumArbitrum (ARB) $ 0.218002
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • official-trumpOfficial Trump (TRUMP) $ 6.05
  • skySky (SKY) $ 0.051821
  • flare-networksFlare (FLR) $ 0.015074
  • cosmosCosmos Hub (ATOM) $ 2.46
  • vechainVeChain (VET) $ 0.013702
  • filecoinFilecoin (FIL) $ 1.63
  • binance-staked-solBinance Staked SOL (BNSOL) $ 149.31
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,230.21
  • ignition-fbtcFunction FBTC (FBTC) $ 91,360.00
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 34.90
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 91,150.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,248.91
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 91,701.00
  • nexoNEXO (NEXO) $ 0.995929
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • xdce-crowd-saleXDC Network (XDC) $ 0.053210
  • render-tokenRender (RENDER) $ 1.81
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996520
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.91
  • sei-networkSei (SEI) $ 0.138737
  • story-2Story (IP) $ 2.60
  • morphoMorpho (MORPHO) $ 1.54
  • bonkBonk (BONK) $ 0.000010
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.40
  • jupiter-exchange-solanaJupiter (JUP) $ 0.249542
  • ousgOUSG (OUSG) $ 113.44
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,300.32
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,250.44
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 91,007.00
  • dashDash (DASH) $ 58.07
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011249
  • clbtcclBTC (CLBTC) $ 90,661.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.266982
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • spx6900SPX6900 (SPX) $ 0.707286
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 158.84
  • starknetStarknet (STRK) $ 0.140249
  • aerodrome-financeAerodrome Finance (AERO) $ 0.702693
  • optimismOptimism (OP) $ 0.330870
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.953371
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999719
  • curve-dao-tokenCurve DAO (CRV) $ 0.434595
  • usdaiUSDai (USDAI) $ 0.999924
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,175.44
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999803
  • beldexBeldex (BDX) $ 0.081343
  • injective-protocolInjective (INJ) $ 6.06
  • lido-daoLido DAO (LDO) $ 0.664788
  • blockstackStacks (STX) $ 0.319841
  • tbtctBTC (TBTC) $ 90,746.00
  • newton-projectAB (AB) $ 0.006330
  • msolMarinade Staked SOL (MSOL) $ 184.82
  • usual-usdUsual USD (USD0) $ 0.997370
  • the-graphThe Graph (GRT) $ 0.051074
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,051.88
  • tezosTezos (XTZ) $ 0.501785
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,052.38
  • celestiaCelestia (TIA) $ 0.613704
  • true-usdTrueUSD (TUSD) $ 0.996255
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,460.42
  • ether-fiEther.fi (ETHFI) $ 0.807106
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • flokiFLOKI (FLOKI) $ 0.000050
  • myx-financeMYX Finance (MYX) $ 2.53
  • iotaIOTA (IOTA) $ 0.113571
  • usddUSDD (USDD) $ 1.00
  • gtethGTETH (GTETH) $ 3,051.67
  • kaiaKaia (KAIA) $ 0.079995
  • stader-ethxStader ETHx (ETHX) $ 3,279.91
  • telcoinTelcoin (TEL) $ 0.004849
  • pendlePendle (PENDLE) $ 2.79
  • ethereum-name-serviceEthereum Name Service (ENS) $ 11.81
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.21
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,195.06
  • plasmaPlasma (XPL) $ 0.222323
  • pyth-networkPyth Network (PYTH) $ 0.075972
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.04
  • conflux-tokenConflux (CFX) $ 0.083116
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • bitcoin-svBitcoin SV (BSV) $ 21.10
  • sonic-3Sonic (S) $ 0.111030
  • basic-attention-tokenBasic Attention (BAT) $ 0.279535
  • ghoGHO (GHO) $ 0.999010
  • the-sandboxThe Sandbox (SAND) $ 0.159247
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • doublezeroDoubleZero (2Z) $ 0.117500
  • usdbUSDB (USDB) $ 1.00
  • sun-tokenSun Token (SUN) $ 0.021211
  • heliumHelium (HNT) $ 2.17
  • swethSwell Ethereum (SWETH) $ 3,336.98
  • merlin-chainMerlin Chain (MERL) $ 0.381477
  • decredDecred (DCR) $ 23.25
  • sbtc-2sBTC (SBTC) $ 90,353.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,377.59
  • justJUST (JST) $ 0.039154
  • lorenzo-wrapped-bitcoinLorenzo Wrapped Bitcoin (ENZOBTC) $ 90,454.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.150410
  • dogwifcoindogwifhat (WIF) $ 0.383670
  • apenftAINFT (NFT) $ 0.00000039
  • flowFlow (FLOW) $ 0.234735
  • wrapped-hypeWrapped HYPE (WHYPE) $ 34.59
  • monadMonad (MON) $ 0.034786
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 91,019.00
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 18.31
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,051.53
  • galaGALA (GALA) $ 0.007859
  • jasmycoinJasmyCoin (JASMY) $ 0.007390
  • olympusOlympus (OHM) $ 22.30
  • gnosisGnosis (GNO) $ 135.98
  • theta-tokenTheta Network (THETA) $ 0.356636
DeFi

CHART: The growth of WBTC competitors

By admin
0 84

CHART: The growth of WBTC competitors

In early August, a little over two months ago, BitGo announced that it was entering a new joint venture with Justin Sun and BiT Global, a Hong Kong-based custodian, to manage custody for Wrapped Bitcoin (WBTC).

Sun’s involvement was controversial, leading some DeFi projects to briefly consider whether WBTC would remain safe going forward. The most high-profile of these, MakerDAO, did eventually decide it was still safe to include WBTC.

This period of time even included a less than fully viable proposal for competitor Threshold Network to acquire WBTC.

Additionally, both Coinbase and Kraken have launched competitors to WBTC following BitGo’s announcement.

CHART: The growth of WBTC competitors

Coinbase Wrapped Bitcoin has seen the most rapid growth among WBTC’s competitors.

Since then, Coinbase’s version, Coinbase Wrapped Bitcoin (cbBTC), has seen the most rapid growth among the four charted competitors, vastly outstripping both Kraken Wrapped Bitcoin (kBTC) and Threshold Network Bitcoin (tBTC).

Despite the originally controversial change and an initial surge, burn requests have slowed for WBTC, and the appreciation in bitcoin’s price has allowed its market capitalization to grow more substantially than the growth of its competitors tBTC, kBTC, and cbBTC combined.

Additionally, BitGo has announced that two of the three keys will remain in its control, split between BitGo Singapore and BitGo Inc., with only a single key under the control of Sun-affiliated BiT Global.

Source

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