• bitcoinBitcoin (BTC) $ 118,247.00
  • ethereumEthereum (ETH) $ 3,156.46
  • xrpXRP (XRP) $ 2.93
  • tetherTether (USDT) $ 0.999959
  • bnbBNB (BNB) $ 690.68
  • solanaSolana (SOL) $ 163.50
  • usd-coinUSDC (USDC) $ 0.999882
  • dogecoinDogecoin (DOGE) $ 0.198493
  • staked-etherLido Staked Ether (STETH) $ 3,155.16
  • tronTRON (TRX) $ 0.300913
  • cardanoCardano (ADA) $ 0.745397
  • hyperliquidHyperliquid (HYPE) $ 47.68
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 118,027.00
  • stellarStellar (XLM) $ 0.462128
  • suiSui (SUI) $ 3.99
  • wrapped-stethWrapped stETH (WSTETH) $ 3,815.97
  • chainlinkChainlink (LINK) $ 16.09
  • hedera-hashgraphHedera (HBAR) $ 0.235017
  • bitcoin-cashBitcoin Cash (BCH) $ 497.54
  • avalanche-2Avalanche (AVAX) $ 21.93
  • wrapped-eethWrapped eETH (WEETH) $ 3,384.26
  • leo-tokenLEO Token (LEO) $ 8.85
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.12
  • wethWETH (WETH) $ 3,157.97
  • litecoinLitecoin (LTC) $ 96.09
  • usdsUSDS (USDS) $ 0.999698
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999902
  • whitebitWhiteBIT Coin (WBT) $ 44.56
  • polkadotPolkadot (DOT) $ 4.10
  • moneroMonero (XMR) $ 332.78
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 118,292.00
  • uniswapUniswap (UNI) $ 9.23
  • pepePepe (PEPE) $ 0.000013
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.66
  • aaveAave (AAVE) $ 330.19
  • bittensorBittensor (TAO) $ 441.86
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.445966
  • aptosAptos (APT) $ 5.17
  • crypto-com-chainCronos (CRO) $ 0.108364
  • nearNEAR Protocol (NEAR) $ 2.67
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.946476
  • ethereum-classicEthereum Classic (ETC) $ 19.57
  • internet-computerInternet Computer (ICP) $ 5.55
  • okbOKB (OKB) $ 47.54
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 199.15
  • algorandAlgorand (ALGO) $ 0.280961
  • bonkBonk (BONK) $ 0.000031
  • mantleMantle (MNT) $ 0.714413
  • pump-funPump.fun (PUMP) $ 0.006653
  • kaspaKaspa (KAS) $ 0.088427
  • ethenaEthena (ENA) $ 0.357488
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • arbitrumArbitrum (ARB) $ 0.435499
  • vechainVeChain (VET) $ 0.025138
  • cosmosCosmos Hub (ATOM) $ 4.68
  • sei-networkSei (SEI) $ 0.371855
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.232413
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031837
  • render-tokenRender (RENDER) $ 3.89
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.766030
  • fasttokenFasttoken (FTN) $ 4.49
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,155.92
  • official-trumpOfficial Trump (TRUMP) $ 9.52
  • susdssUSDS (SUSDS) $ 1.06
  • gatechain-tokenGate (GT) $ 15.93
  • worldcoin-wldWorldcoin (WLD) $ 1.07
  • filecoinFilecoin (FIL) $ 2.63
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,870.00
  • skySky (SKY) $ 0.078370
  • quant-networkQuant (QNT) $ 113.01
  • binance-staked-solBinance Staked SOL (BNSOL) $ 173.97
  • jupiter-exchange-solanaJupiter (JUP) $ 0.519300
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.76
  • spx6900SPX6900 (SPX) $ 1.61
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,311.09
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,602.07
  • kucoin-sharesKuCoin (KCS) $ 11.66
  • usdtbUSDtb (USDTB) $ 0.999814
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998067
  • celestiaCelestia (TIA) $ 1.97
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 1.31
  • story-2Story (IP) $ 4.43
  • injective-protocolInjective (INJ) $ 13.16
  • blockstackStacks (STX) $ 0.810042
  • xdce-crowd-saleXDC Network (XDC) $ 0.077313
  • optimismOptimism (OP) $ 0.703763
  • fartcoinFartcoin (FARTCOIN) $ 1.21
  • flare-networksFlare (FLR) $ 0.017365
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,316.92
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,372.74
  • sonic-3Sonic (S) $ 0.360748
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,865.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999892
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.66
  • dogwifcoindogwifhat (WIF) $ 1.07
  • curve-dao-tokenCurve DAO (CRV) $ 0.779092
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,326.69
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,411.01
  • immutable-xImmutable (IMX) $ 0.538784
  • the-graphThe Graph (GRT) $ 0.102979
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999893
  • flokiFLOKI (FLOKI) $ 0.000099
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,192.00
  • pax-goldPAX Gold (PAXG) $ 3,346.84
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 119,829.00
  • wbnbWrapped BNB (WBNB) $ 690.67
  • kaiaKaia (KAIA) $ 0.152511
  • vaultaVaulta (A) $ 0.555495
  • iotaIOTA (IOTA) $ 0.224937
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.54
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 183.83
  • paypal-usdPayPal USD (PYUSD) $ 0.999692
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.44
  • theta-tokenTheta Network (THETA) $ 0.830861
  • tether-goldTether Gold (XAUT) $ 3,338.61
  • lido-daoLido DAO (LDO) $ 0.914623
  • msolMarinade Staked SOL (MSOL) $ 214.06
  • jasmycoinJasmyCoin (JASMY) $ 0.016889
  • galaGALA (GALA) $ 0.017704
  • raydiumRaydium (RAY) $ 2.92
  • the-sandboxThe Sandbox (SAND) $ 0.313650
  • aerodrome-financeAerodrome Finance (AERO) $ 0.864023
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.17
  • zcashZcash (ZEC) $ 44.39
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • saros-financeSaros (SAROS) $ 0.273915
  • ousgOUSG (OUSG) $ 111.81
  • pyth-networkPyth Network (PYTH) $ 0.122652
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,374.44
  • tezosTezos (XTZ) $ 0.652166
  • super-oethSuper OETH (SUPEROETH) $ 3,157.30
  • jito-governance-tokenJito (JTO) $ 1.91
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998224
  • pendlePendle (PENDLE) $ 4.07
  • falcon-financeFalcon USD (USDF) $ 0.999866
  • memecoreMemeCore (M) $ 0.397469
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,288.83
  • morphoMorpho (MORPHO) $ 2.05
  • chain-2Onyxcoin (XCN) $ 0.018851
  • walrus-2Walrus (WAL) $ 0.467859
  • tbtctBTC (TBTC) $ 117,848.00
  • flowFlow (FLOW) $ 0.399917
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • mog-coinMog Coin (MOG) $ 0.000002
  • decentralandDecentraland (MANA) $ 0.316149
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,157.49
  • bitcoin-svBitcoin SV (BSV) $ 29.79
  • telcoinTelcoin (TEL) $ 0.006468
  • newton-projectAB (AB) $ 0.008735
  • usual-usdUsual USD (USD0) $ 0.997694
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,055.00
  • heliumHelium (HNT) $ 3.11
  • based-brettBrett (BRETT) $ 0.057346
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 118,238.00
  • coredaoorgCore (CORE) $ 0.551151
  • thorchainTHORChain (RUNE) $ 1.57
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.66
  • apecoinApeCoin (APE) $ 0.668013
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,157.38
  • beldexBeldex (BDX) $ 0.074290
  • conflux-tokenConflux (CFX) $ 0.103853
  • staked-hypeStaked HYPE (STHYPE) $ 47.52
  • starknetStarknet (STRK) $ 0.144117
  • ripple-usdRipple USD (RLUSD) $ 0.999941
  • syrupMaple Finance (SYRUP) $ 0.479760
  • usddUSDD (USDD) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.198894
  • 1inch1inch (1INCH) $ 0.358298
  • build-onBUILDon (B) $ 0.500345
  • savings-daiSavings Dai (SDAI) $ 1.16
  • true-usdTrueUSD (TUSD) $ 0.999500
  • stader-ethxStader ETHx (ETHX) $ 3,359.80
  • arweaveArweave (AR) $ 7.45
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008332
  • dydx-chaindYdX (DYDX) $ 0.642662
  • venomVenom (VENOM) $ 0.230840
  • deepDeepBook (DEEP) $ 0.190061
  • compound-governance-tokenCompound (COMP) $ 49.94
  • kavaKava (KAVA) $ 0.431107
  • aioz-networkAIOZ Network (AIOZ) $ 0.392751
  • ether-fiEther.fi (ETHFI) $ 1.24
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,485.28
  • neoNEO (NEO) $ 6.54
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.47
  • elrond-erd-2MultiversX (EGLD) $ 15.93
  • apenftAPENFT (NFT) $ 0.00000045
  • ecasheCash (XEC) $ 0.000022
  • dexeDeXe (DEXE) $ 7.61
  • zksyncZKsync (ZK) $ 0.059554
  • axie-infinityAxie Infinity (AXS) $ 2.57
  • swethSwell Ethereum (SWETH) $ 3,456.89
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004189
DeFi

CHART: The growth of WBTC competitors

By admin
0 41

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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