• bitcoinBitcoin (BTC) $ 84,689.00
  • ethereumEthereum (ETH) $ 1,631.36
  • tetherTether (USDT) $ 0.999629
  • xrpXRP (XRP) $ 2.15
  • bnbBNB (BNB) $ 589.73
  • solanaSolana (SOL) $ 132.53
  • usd-coinUSDC (USDC) $ 0.999987
  • dogecoinDogecoin (DOGE) $ 0.165657
  • tronTRON (TRX) $ 0.257767
  • cardanoCardano (ADA) $ 0.644575
  • staked-etherLido Staked Ether (STETH) $ 1,631.59
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 84,712.00
  • leo-tokenLEO Token (LEO) $ 9.42
  • avalanche-2Avalanche (AVAX) $ 20.01
  • chainlinkChainlink (LINK) $ 12.82
  • stellarStellar (XLM) $ 0.241420
  • suiSui (SUI) $ 2.26
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • bitcoin-cashBitcoin Cash (BCH) $ 359.20
  • usdsUSDS (USDS) $ 0.999985
  • hedera-hashgraphHedera (HBAR) $ 0.168524
  • the-open-networkToncoin (TON) $ 2.85
  • wrapped-stethWrapped stETH (WSTETH) $ 1,955.05
  • litecoinLitecoin (LTC) $ 79.38
  • polkadotPolkadot (DOT) $ 3.71
  • hyperliquidHyperliquid (HYPE) $ 15.41
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.31
  • pi-networkPi Network (PI) $ 0.755386
  • ethena-usdeEthena USDe (USDE) $ 0.998818
  • wethWETH (WETH) $ 1,630.49
  • whitebitWhiteBIT Coin (WBT) $ 27.77
  • moneroMonero (XMR) $ 206.20
  • wrapped-eethWrapped eETH (WEETH) $ 1,738.51
  • uniswapUniswap (UNI) $ 5.46
  • pepePepe (PEPE) $ 0.000008
  • okbOKB (OKB) $ 53.11
  • daiDai (DAI) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 84,689.00
  • aptosAptos (APT) $ 4.93
  • gatechain-tokenGate (GT) $ 22.53
  • ondo-financeOndo (ONDO) $ 0.869689
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.69
  • nearNEAR Protocol (NEAR) $ 2.14
  • susdssUSDS (SUSDS) $ 1.05
  • internet-computerInternet Computer (ICP) $ 5.05
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 15.67
  • crypto-com-chainCronos (CRO) $ 0.086406
  • mantleMantle (MNT) $ 0.695325
  • aaveAave (AAVE) $ 142.51
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • bittensorBittensor (TAO) $ 244.48
  • render-tokenRender (RENDER) $ 3.83
  • vechainVeChain (VET) $ 0.022932
  • kaspaKaspa (KAS) $ 0.073312
  • cosmosCosmos Hub (ATOM) $ 4.23
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 84,881.00
  • fasttokenFasttoken (FTN) $ 4.05
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995642
  • ethenaEthena (ENA) $ 0.312062
  • official-trumpOfficial Trump (TRUMP) $ 8.35
  • filecoinFilecoin (FIL) $ 2.54
  • algorandAlgorand (ALGO) $ 0.186709
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184636
  • sonic-3Sonic (prev. FTM) (S) $ 0.495852
  • celestiaCelestia (TIA) $ 2.50
  • arbitrumArbitrum (ARB) $ 0.306231
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.81
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 84,653.00
  • kucoin-sharesKuCoin (KCS) $ 10.42
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.499468
  • xdce-crowd-saleXDC Network (XDC) $ 0.078998
  • makerMaker (MKR) $ 1,387.71
  • optimismOptimism (OP) $ 0.686064
  • binance-staked-solBinance Staked SOL (BNSOL) $ 138.84
  • jupiter-exchange-solanaJupiter (JUP) $ 0.386057
  • flare-networksFlare (FLR) $ 0.017145
  • story-2Story (IP) $ 3.94
  • nexoNEXO (NEXO) $ 1.04
  • usdt0USDT0 (USDT0) $ 1.00
  • bonkBonk (BONK) $ 0.000013
  • quant-networkQuant (QNT) $ 68.89
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,631.31
  • eosEOS (EOS) $ 0.627609
  • worldcoin-wldWorldcoin (WLD) $ 0.755846
  • blockstackStacks (STX) $ 0.618426
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,702.36
  • sei-networkSei (SEI) $ 0.175947
  • fartcoinFartcoin (FARTCOIN) $ 0.850050
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • mantra-daoMANTRA (OM) $ 0.853226
  • dexeDeXe (DEXE) $ 14.79
  • paypal-usdPayPal USD (PYUSD) $ 0.999855
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999678
  • tether-goldTether Gold (XAUT) $ 3,249.48
  • injective-protocolInjective (INJ) $ 8.13
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,840.30
  • curve-dao-tokenCurve DAO (CRV) $ 0.594450
  • the-graphThe Graph (GRT) $ 0.079789
  • jasmycoinJasmyCoin (JASMY) $ 0.015660
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 84,576.00
  • movementMovement (MOVE) $ 0.305648
  • immutable-xImmutable (IMX) $ 0.417383
  • wbnbWrapped BNB (WBNB) $ 590.08
  • pax-goldPAX Gold (PAXG) $ 3,255.17
  • theta-tokenTheta Network (THETA) $ 0.714662
  • usual-usdUsual USD (USD0) $ 0.997828
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 84,599.00
  • lido-daoLido DAO (LDO) $ 0.742806
  • heliumHelium (HNT) $ 3.67
  • galaGALA (GALA) $ 0.014734
  • the-sandboxThe Sandbox (SAND) $ 0.265536
  • chain-2Onyxcoin (XCN) $ 0.019317
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,734.04
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 145.66
  • bittorrentBitTorrent (BTT) $ 0.00000064
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999423
  • msolMarinade Staked SOL (MSOL) $ 170.29
  • iotaIOTA (IOTA) $ 0.163856
  • kaiaKaia (KAIA) $ 0.100052
  • walrus-2Walrus (WAL) $ 0.467931
  • raydiumRaydium (RAY) $ 1.99
  • bitcoin-svBitcoin SV (BSV) $ 29.01
  • flokiFLOKI (FLOKI) $ 0.000059
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.91
  • flowFlow (FLOW) $ 0.354942
  • zcashZcash (ZEC) $ 34.15
  • jito-governance-tokenJito (JTO) $ 1.73
  • decentralandDecentraland (MANA) $ 0.286611
  • honey-3Honey (HONEY) $ 0.999050
  • tezosTezos (XTZ) $ 0.505512
  • coredaoorgCore (CORE) $ 0.522146
  • pendlePendle (PENDLE) $ 3.22
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,705.17
  • true-usdTrueUSD (TUSD) $ 0.996821
  • spx6900SPX6900 (SPX) $ 0.527984
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.58
  • pyth-networkPyth Network (PYTH) $ 0.132301
  • pumpbtcpumpBTC (PUMPBTC) $ 82,890.00
  • beldexBeldex (BDX) $ 0.068912
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999987
  • dogwifcoindogwifhat (WIF) $ 0.458389
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999987
  • kavaKava (KAVA) $ 0.421969
  • telcoinTelcoin (TEL) $ 0.004831
  • grassGrass (GRASS) $ 1.57
  • berachain-beraBerachain (BERA) $ 3.99
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • apenftAPENFT (NFT) $ 0.00000043
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 84,563.00
  • dydx-chaindYdX (DYDX) $ 0.558736
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.165974
  • clbtcclBTC (CLBTC) $ 84,883.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007427
  • thorchainTHORChain (RUNE) $ 1.17
  • solayerSolayer (LAYER) $ 1.93
  • usdbUSDB (USDB) $ 0.999674
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,701.86
  • elrond-erd-2MultiversX (EGLD) $ 14.11
  • ecasheCash (XEC) $ 0.000020
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,734.54
  • ousgOUSG (OUSG) $ 110.66
  • tbtctBTC (TBTC) $ 84,649.00
  • resolv-usrResolv USR (USR) $ 0.999869
  • neoNEO (NEO) $ 5.31
  • olympusOlympus (OHM) $ 22.74
  • compound-governance-tokenCompound (COMP) $ 41.39
  • starknetStarknet (STRK) $ 0.127030
  • axie-infinityAxie Infinity (AXS) $ 2.30
  • chilizChiliz (CHZ) $ 0.038044
  • conflux-tokenConflux (CFX) $ 0.070612
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.551260
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999855
  • aerodrome-financeAerodrome Finance (AERO) $ 0.438086
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,630.78
  • ubtcuBTC (UBTC) $ 77,106.00
  • arweaveArweave (AR) $ 5.39
  • super-oethSuper OETH (SUPEROETHB) $ 1,630.26
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999855
  • apecoinApeCoin (APE) $ 0.429834
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,632.19
  • wormholeWormhole (W) $ 0.072710
  • based-brettBrett (BRETT) $ 0.032945
  • roninRonin (RON) $ 0.524443
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000060
  • matic-networkPolygon (MATIC) $ 0.185369
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.775486
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.999693
  • usddUSDD (USDD) $ 0.999489
  • saros-financeSaros (SAROS) $ 0.122236
  • aioz-networkAIOZ Network (AIOZ) $ 0.275610
  • fraxFrax (FRAX) $ 0.999693
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.005061
  • wemix-tokenWEMIX (WEMIX) $ 0.751880
  • beam-2Beam (BEAM) $ 0.005980
  • infrared-beraInfrared Bera (IBERA) $ 3.96
  • justJUST (JST) $ 0.031532
  • plumePlume (PLUME) $ 0.154547
DeFi

CHART: The growth of WBTC competitors

By admin
0 22

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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