• bitcoinBitcoin (BTC) $ 104,696.00
  • ethereumEthereum (ETH) $ 2,541.13
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.20
  • bnbBNB (BNB) $ 659.09
  • solanaSolana (SOL) $ 157.46
  • usd-coinUSDC (USDC) $ 0.999805
  • dogecoinDogecoin (DOGE) $ 0.193373
  • tronTRON (TRX) $ 0.265929
  • cardanoCardano (ADA) $ 0.690492
  • staked-etherLido Staked Ether (STETH) $ 2,537.94
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,660.00
  • hyperliquidHyperliquid (HYPE) $ 32.94
  • suiSui (SUI) $ 3.27
  • wrapped-stethWrapped stETH (WSTETH) $ 3,057.53
  • chainlinkChainlink (LINK) $ 14.15
  • avalanche-2Avalanche (AVAX) $ 20.94
  • stellarStellar (XLM) $ 0.267035
  • bitcoin-cashBitcoin Cash (BCH) $ 416.91
  • leo-tokenLEO Token (LEO) $ 8.62
  • the-open-networkToncoin (TON) $ 3.14
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • usdsUSDS (USDS) $ 0.999738
  • hedera-hashgraphHedera (HBAR) $ 0.168440
  • wethWETH (WETH) $ 2,541.82
  • litecoinLitecoin (LTC) $ 87.64
  • wrapped-eethWrapped eETH (WEETH) $ 2,712.93
  • polkadotPolkadot (DOT) $ 4.10
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998374
  • moneroMonero (XMR) $ 323.76
  • bitget-tokenBitget Token (BGB) $ 4.73
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • pi-networkPi Network (PI) $ 0.649319
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,754.00
  • whitebitWhiteBIT Coin (WBT) $ 31.28
  • daiDai (DAI) $ 0.999839
  • aaveAave (AAVE) $ 253.23
  • bittensorBittensor (TAO) $ 429.84
  • uniswapUniswap (UNI) $ 6.13
  • crypto-com-chainCronos (CRO) $ 0.107676
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 50.41
  • aptosAptos (APT) $ 4.77
  • jito-staked-solJito Staked SOL (JITOSOL) $ 189.77
  • nearNEAR Protocol (NEAR) $ 2.43
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ondo-financeOndo (ONDO) $ 0.837934
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.72
  • internet-computerInternet Computer (ICP) $ 4.90
  • ethereum-classicEthereum Classic (ETC) $ 17.07
  • susdssUSDS (SUSDS) $ 1.05
  • gatechain-tokenGate (GT) $ 19.25
  • mantleMantle (MNT) $ 0.675122
  • official-trumpOfficial Trump (TRUMP) $ 11.32
  • kaspaKaspa (KAS) $ 0.085201
  • usd1-wlfiUSD1 (USD1) $ 0.997816
  • vechainVeChain (VET) $ 0.024355
  • render-tokenRender (RENDER) $ 3.88
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.766526
  • cosmosCosmos Hub (ATOM) $ 4.36
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,515.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.214906
  • fasttokenFasttoken (FTN) $ 4.44
  • ethenaEthena (ENA) $ 0.307614
  • worldcoin-wldWorldcoin (WLD) $ 1.15
  • filecoinFilecoin (FIL) $ 2.58
  • algorandAlgorand (ALGO) $ 0.196374
  • arbitrumArbitrum (ARB) $ 0.343321
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999834
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.46
  • jupiter-exchange-solanaJupiter (JUP) $ 0.530940
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,534.69
  • celestiaCelestia (TIA) $ 2.23
  • kucoin-sharesKuCoin (KCS) $ 11.27
  • binance-staked-solBinance Staked SOL (BNSOL) $ 165.02
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.09
  • usdt0USDT0 (USDT0) $ 1.00
  • bonkBonk (BONK) $ 0.000017
  • sonic-3Sonic (S) $ 0.395286
  • nexoNEXO (NEXO) $ 1.24
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,891.22
  • injective-protocolInjective (INJ) $ 12.23
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,649.54
  • story-2Story (IP) $ 4.15
  • blockstackStacks (STX) $ 0.747966
  • flare-networksFlare (FLR) $ 0.017339
  • optimismOptimism (OP) $ 0.657957
  • fartcoinFartcoin (FARTCOIN) $ 1.10
  • sei-networkSei (SEI) $ 0.194179
  • immutable-xImmutable (IMX) $ 0.554456
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.997104
  • eosEOS (EOS) $ 0.650047
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 104,393.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.060261
  • spx6900SPX6900 (SPX) $ 1.02
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,710.87
  • the-graphThe Graph (GRT) $ 0.096140
  • paypal-usdPayPal USD (PYUSD) $ 0.999494
  • curve-dao-tokenCurve DAO (CRV) $ 0.669552
  • makerMaker (MKR) $ 1,576.63
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 104,523.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 657.59
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,661.82
  • dogwifcoindogwifhat (WIF) $ 0.856391
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,669.81
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 175.15
  • flokiFLOKI (FLOKI) $ 0.000086
  • clbtcclBTC (CLBTC) $ 105,277.00
  • dexeDeXe (DEXE) $ 14.26
  • tether-goldTether Gold (XAUT) $ 3,294.83
  • zcashZcash (ZEC) $ 50.33
  • pax-goldPAX Gold (PAXG) $ 3,302.34
  • lido-daoLido DAO (LDO) $ 0.852751
  • theta-tokenTheta Network (THETA) $ 0.761941
  • jasmycoinJasmyCoin (JASMY) $ 0.015531
  • msolMarinade Staked SOL (MSOL) $ 204.33
  • galaGALA (GALA) $ 0.016714
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.30
  • raydiumRaydium (RAY) $ 2.52
  • coredaoorgCore (CORE) $ 0.710159
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.99
  • iotaIOTA (IOTA) $ 0.181335
  • pyth-networkPyth Network (PYTH) $ 0.118367
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999984
  • the-sandboxThe Sandbox (SAND) $ 0.273079
  • ousgOUSG (OUSG) $ 111.26
  • bitcoin-svBitcoin SV (BSV) $ 33.57
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 104,165.00
  • pendlePendle (PENDLE) $ 4.04
  • walrus-2Walrus (WAL) $ 0.493866
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010195
  • usual-usdUsual USD (USD0) $ 0.997504
  • kaiaKaia (KAIA) $ 0.105918
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.00
  • tezosTezos (XTZ) $ 0.571600
  • heliumHelium (HNT) $ 3.22
  • thorchainTHORChain (RUNE) $ 1.67
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • flowFlow (FLOW) $ 0.365679
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,541.32
  • jito-governance-tokenJito (JTO) $ 1.68
  • super-oethSuper OETH (SUPEROETH) $ 2,540.84
  • saros-financeSaros (SAROS) $ 0.210100
  • ketKet (KET) $ 0.553071
  • chain-2Onyxcoin (XCN) $ 0.016068
  • based-brettBrett (BRETT) $ 0.054068
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,632.75
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,708.14
  • decentralandDecentraland (MANA) $ 0.274502
  • grassGrass (GRASS) $ 1.79
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 104,715.00
  • zebec-networkZebec Network (ZBCN) $ 0.006267
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,541.85
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.193416
  • true-usdTrueUSD (TUSD) $ 0.998857
  • apecoinApeCoin (APE) $ 0.609111
  • tbtctBTC (TBTC) $ 104,718.00
  • kaitoKAITO (KAITO) $ 1.97
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999804
  • beldexBeldex (BDX) $ 0.064076
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004573
  • kavaKava (KAVA) $ 0.421483
  • aioz-networkAIOZ Network (AIOZ) $ 0.385183
  • falcon-financeFalcon USD (USDF) $ 0.999762
  • aethirAethir (ATH) $ 0.048021
  • elrond-erd-2MultiversX (EGLD) $ 15.40
  • aerodrome-financeAerodrome Finance (AERO) $ 0.523770
  • wrapped-hypeWrapped HYPE (WHYPE) $ 32.96
  • dydx-chaindYdX (DYDX) $ 0.550340
  • arweaveArweave (AR) $ 6.42
  • starknetStarknet (STRK) $ 0.134716
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007269
  • neoNEO (NEO) $ 5.93
  • pumpbtcpumpBTC (PUMPBTC) $ 101,688.00
  • eigenlayerEigenlayer (EIGEN) $ 1.37
  • ecasheCash (XEC) $ 0.000021
  • apenftAPENFT (NFT) $ 0.00000042
  • axie-infinityAxie Infinity (AXS) $ 2.54
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.997652
  • roninRonin (RON) $ 0.602714
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 35.88
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • conflux-tokenConflux (CFX) $ 0.076578
  • build-onBUILDon (B) $ 0.388294
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,524.38
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,746.40
  • ether-fiEther.fi (ETHFI) $ 1.16
  • usddUSDD (USDD) $ 1.00
  • chilizChiliz (CHZ) $ 0.039129
  • stader-ethxStader ETHx (ETHX) $ 2,697.32
  • deepDeepBook (DEEP) $ 0.149096
  • telcoinTelcoin (TEL) $ 0.004015
  • syrupMaple Finance (SYRUP) $ 0.342780
  • compound-governance-tokenCompound (COMP) $ 40.60
  • mog-coinMog Coin (MOG) $ 0.00000093
DeFi

CHART: The growth of WBTC competitors

By admin
0 30

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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