• bitcoinBitcoin (BTC) $ 91,428.00
  • ethereumEthereum (ETH) $ 3,120.23
  • tetherTether (USDT) $ 0.998775
  • bnbBNB (BNB) $ 908.28
  • xrpXRP (XRP) $ 2.06
  • usd-coinUSDC (USDC) $ 0.999759
  • tronTRON (TRX) $ 0.298845
  • staked-etherLido Staked Ether (STETH) $ 3,118.14
  • dogecoinDogecoin (DOGE) $ 0.137758
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • cardanoCardano (ADA) $ 0.388452
  • wrapped-stethWrapped stETH (WSTETH) $ 3,818.19
  • bitcoin-cashBitcoin Cash (BCH) $ 613.66
  • moneroMonero (XMR) $ 638.46
  • whitebitWhiteBIT Coin (WBT) $ 54.95
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,394.65
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 91,211.00
  • wrapped-eethWrapped eETH (WEETH) $ 3,386.02
  • usdsUSDS (USDS) $ 0.999652
  • chainlinkChainlink (LINK) $ 13.15
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998590
  • leo-tokenLEO Token (LEO) $ 9.07
  • wethWETH (WETH) $ 3,119.07
  • stellarStellar (XLM) $ 0.221716
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 91,326.00
  • suiSui (SUI) $ 1.78
  • zcashZcash (ZEC) $ 398.14
  • ethena-usdeEthena USDe (USDE) $ 0.999266
  • avalanche-2Avalanche (AVAX) $ 13.67
  • litecoinLitecoin (LTC) $ 76.37
  • hyperliquidHyperliquid (HYPE) $ 24.31
  • canton-networkCanton (CC) $ 0.141375
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • hedera-hashgraphHedera (HBAR) $ 0.115866
  • usdt0USDT0 (USDT0) $ 0.998703
  • susdssUSDS (SUSDS) $ 1.08
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.168114
  • daiDai (DAI) $ 0.999970
  • the-open-networkToncoin (TON) $ 1.74
  • crypto-com-chainCronos (CRO) $ 0.099899
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • paypal-usdPayPal USD (PYUSD) $ 0.999864
  • usd1-wlfiUSD1 (USD1) $ 0.998986
  • polkadotPolkadot (DOT) $ 2.08
  • uniswapUniswap (UNI) $ 5.40
  • mantleMantle (MNT) $ 0.953925
  • rainRain (RAIN) $ 0.008711
  • memecoreMemeCore (M) $ 1.69
  • bittensorBittensor (TAO) $ 283.46
  • aaveAave (AAVE) $ 168.60
  • bitget-tokenBitget Token (BGB) $ 3.57
  • pepePepe (PEPE) $ 0.000006
  • tether-goldTether Gold (XAUT) $ 4,592.36
  • okbOKB (OKB) $ 111.02
  • nearNEAR Protocol (NEAR) $ 1.71
  • falcon-financeFalcon USD (USDF) $ 0.997303
  • jito-staked-solJito Staked SOL (JITOSOL) $ 174.23
  • ethereum-classicEthereum Classic (ETC) $ 12.36
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,118.15
  • pax-goldPAX Gold (PAXG) $ 4,606.47
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pi-networkPi Network (PI) $ 0.206332
  • internet-computerInternet Computer (ICP) $ 3.17
  • ethenaEthena (ENA) $ 0.215496
  • aster-2Aster (ASTER) $ 0.695309
  • solanaWrapped SOL (SOL) $ 138.94
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.151771
  • htx-daoHTX DAO (HTX) $ 0.000002
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.78
  • binance-staked-solBinance Staked SOL (BNSOL) $ 151.98
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • worldcoin-wldWorldcoin (WLD) $ 0.560606
  • global-dollarGlobal Dollar (USDG) $ 0.999718
  • kucoin-sharesKuCoin (KCS) $ 11.15
  • pump-funPump.fun (PUMP) $ 0.002457
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • ripple-usdRipple USD (RLUSD) $ 0.999983
  • aptosAptos (APT) $ 1.79
  • wbnbWrapped BNB (WBNB) $ 907.37
  • bfusdBFUSD (BFUSD) $ 0.998483
  • skySky (SKY) $ 0.057195
  • hash-2Provenance Blockchain (HASH) $ 0.024520
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,602.81
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999641
  • kaspaKaspa (KAS) $ 0.047204
  • cosmosCosmos Hub (ATOM) $ 2.54
  • ondo-financeOndo (ONDO) $ 0.391577
  • render-tokenRender (RENDER) $ 2.34
  • gatechain-tokenGate (GT) $ 10.27
  • arbitrumArbitrum (ARB) $ 0.203208
  • algorandAlgorand (ALGO) $ 0.130677
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,309.88
  • myx-financeMYX Finance (MYX) $ 5.88
  • midnight-3Midnight (NIGHT) $ 0.066963
  • filecoinFilecoin (FIL) $ 1.48
  • official-trumpOfficial Trump (TRUMP) $ 5.36
  • story-2Story (IP) $ 3.00
  • bridged-wrapped-lido-staked-ether-scrollBridged Wrapped Lido Staked Ether (Scroll) (WSTETH) $ 3,804.32
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 91,551.00
  • ignition-fbtcFunction FBTC (FBTC) $ 91,527.00
  • vechainVeChain (VET) $ 0.011386
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 91,307.00
  • nexoNEXO (NEXO) $ 0.957612
  • flare-networksFlare (FLR) $ 0.011240
  • usddUSDD (USDD) $ 0.998425
  • bonkBonk (BONK) $ 0.000010
  • xdce-crowd-saleXDC Network (XDC) $ 0.046152
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,380.97
  • usdtbUSDtb (USDTB) $ 0.999484
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,284.73
  • ousgOUSG (OUSG) $ 113.94
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.95
  • sei-networkSei (SEI) $ 0.120491
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 0.999869
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999709
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011880
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 91,351.00
  • clbtcclBTC (CLBTC) $ 91,345.00
  • morphoMorpho (MORPHO) $ 1.30
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,333.52
  • blockstackStacks (STX) $ 0.384088
  • beldexBeldex (BDX) $ 0.090922
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 161.51
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • jupiter-exchange-solanaJupiter (JUP) $ 0.208594
  • usdaiUSDai (USDAI) $ 1.00
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.282786
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.95
  • wrapped-flareWrapped Flare (WFLR) $ 0.011245
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,312.68
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,117.75
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999832
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.958038
  • optimismOptimism (OP) $ 0.314870
  • tezosTezos (XTZ) $ 0.561471
  • c8ntinuumc8ntinuum (CTM) $ 0.137587
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.22
  • curve-dao-tokenCurve DAO (CRV) $ 0.399043
  • dashDash (DASH) $ 45.50
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,118.78
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 24.57
  • chilizChiliz (CHZ) $ 0.054156
  • usual-usdUsual USD (USD0) $ 0.997922
  • spx6900SPX6900 (SPX) $ 0.592146
  • tbtctBTC (TBTC) $ 91,405.00
  • lido-daoLido DAO (LDO) $ 0.620515
  • lighterLighter (LIT) $ 2.07
  • aerodrome-financeAerodrome Finance (AERO) $ 0.562433
  • injective-protocolInjective (INJ) $ 5.14
  • gtethGTETH (GTETH) $ 3,116.21
  • ghoGHO (GHO) $ 0.999744
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999228
  • true-usdTrueUSD (TUSD) $ 0.998382
  • flokiFLOKI (FLOKI) $ 0.000051
  • ether-fiEther.fi (ETHFI) $ 0.735658
  • msolMarinade Staked SOL (MSOL) $ 187.84
  • fasttokenFasttoken (FTN) $ 1.09
  • celestiaCelestia (TIA) $ 0.542709
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,367.41
  • syrupMaple Finance (SYRUP) $ 0.394549
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • stader-ethxStader ETHx (ETHX) $ 3,362.36
  • the-graphThe Graph (GRT) $ 0.041214
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,493.27
  • newton-projectAB (AB) $ 0.004461
  • jasmycoinJasmyCoin (JASMY) $ 0.008585
  • riverRiver (RIVER) $ 21.66
  • sbtc-2sBTC (SBTC) $ 91,280.00
  • starknetStarknet (STRK) $ 0.081992
  • wrapped-apecoinWrapped ApeCoin (WAPE) $ 0.205490
  • usdbUSDB (USDB) $ 1.01
  • staked-aaveStaked Aave (STKAAVE) $ 167.37
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • doublezeroDoubleZero (2Z) $ 0.117519
  • iotaIOTA (IOTA) $ 0.095516
  • justJUST (JST) $ 0.040762
  • sun-tokenSun Token (SUN) $ 0.020690
  • ethereum-name-serviceEthereum Name Service (ENS) $ 10.19
  • conflux-tokenConflux (CFX) $ 0.075216
  • wrapped-stx-velarWrapped STX (Velar) (WSTX) $ 0.384036
  • bitcoin-svBitcoin SV (BSV) $ 19.12
  • pyth-networkPyth Network (PYTH) $ 0.065353
  • fartcoinFartcoin (FARTCOIN) $ 0.373421
  • gnosisGnosis (GNO) $ 141.00
  • dogwifcoindogwifhat (WIF) $ 0.370930
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.877507
  • apenftAINFT (NFT) $ 0.00000037
  • pendlePendle (PENDLE) $ 2.15
  • chain-2Onyxcoin (XCN) $ 0.008482
  • cap-usdCap USD (CUSD) $ 1.00
  • crvusdcrvUSD (CRVUSD) $ 0.999355
  • euro-coinEURC (EURC) $ 1.17
  • kaiaKaia (KAIA) $ 0.060959
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 91,331.00
  • telcoinTelcoin (TEL) $ 0.003721
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.137626
  • olympusOlympus (OHM) $ 21.51
  • kinesis-goldKinesis Gold (KAU) $ 147.57
DeFi

CHART: The growth of WBTC competitors

By admin
0 107

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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