• bitcoinBitcoin (BTC) $ 72,129.00
  • ethereumEthereum (ETH) $ 2,224.74
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 1.34
  • bnbBNB (BNB) $ 603.73
  • usd-coinUSDC (USDC) $ 0.999776
  • solanaSolana (SOL) $ 83.39
  • tronTRON (TRX) $ 0.320080
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.04
  • dogecoinDogecoin (DOGE) $ 0.092266
  • usdsUSDS (USDS) $ 0.999891
  • whitebitWhiteBIT Coin (WBT) $ 52.85
  • hyperliquidHyperliquid (HYPE) $ 42.51
  • leo-tokenLEO Token (LEO) $ 10.14
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • cardanoCardano (ADA) $ 0.241424
  • bitcoin-cashBitcoin Cash (BCH) $ 427.68
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • chainlinkChainlink (LINK) $ 8.87
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • moneroMonero (XMR) $ 345.65
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • zcashZcash (ZEC) $ 354.36
  • ethena-usdeEthena USDe (USDE) $ 0.999957
  • canton-networkCanton (CC) $ 0.149390
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • memecoreMemeCore (M) $ 2.96
  • stellarStellar (XLM) $ 0.152852
  • susdssUSDS (SUSDS) $ 1.08
  • daiDai (DAI) $ 0.997028
  • usd1-wlfiUSD1 (USD1) $ 0.999322
  • litecoinLitecoin (LTC) $ 53.32
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999841
  • avalanche-2Avalanche (AVAX) $ 9.29
  • rainRain (RAIN) $ 0.008034
  • wethWETH (WETH) $ 2,268.37
  • hedera-hashgraphHedera (HBAR) $ 0.085915
  • suiSui (SUI) $ 0.919513
  • the-open-networkToncoin (TON) $ 1.44
  • usdt0USDT0 (USDT0) $ 0.998824
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • crypto-com-chainCronos (CRO) $ 0.068541
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • tether-goldTether Gold (XAUT) $ 4,678.88
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.079913
  • bittensorBittensor (TAO) $ 260.12
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • ravedaoRaveDAO (RAVE) $ 9.87
  • pax-goldPAX Gold (PAXG) $ 4,688.42
  • mantleMantle (MNT) $ 0.669243
  • global-dollarGlobal Dollar (USDG) $ 1.00
  • polkadotPolkadot (DOT) $ 1.18
  • uniswapUniswap (UNI) $ 3.08
  • nearNEAR Protocol (NEAR) $ 1.39
  • falcon-financeFalcon USD (USDF) $ 0.998347
  • okbOKB (OKB) $ 83.22
  • skySky (SKY) $ 0.073556
  • little-pepe-5Little Pepe (LILPEPE) $ 2.16
  • pi-networkPi Network (PI) $ 0.165051
  • htx-daoHTX DAO (HTX) $ 0.000002
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • aster-2Aster (ASTER) $ 0.662913
  • usddUSDD (USDD) $ 1.00
  • pepePepe (PEPE) $ 0.000004
  • aaveAave (AAVE) $ 94.86
  • ripple-usdRipple USD (RLUSD) $ 0.999820
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • internet-computerInternet Computer (ICP) $ 2.46
  • bitget-tokenBitget Token (BGB) $ 1.90
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.12
  • bfusdBFUSD (BFUSD) $ 0.999598
  • ethereum-classicEthereum Classic (ETC) $ 8.25
  • ondo-financeOndo (ONDO) $ 0.252727
  • kucoin-sharesKuCoin (KCS) $ 8.44
  • gatechain-tokenGate (GT) $ 6.70
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • quant-networkQuant (QNT) $ 74.90
  • pump-funPump.fun (PUMP) $ 0.001827
  • render-tokenRender (RENDER) $ 1.91
  • worldcoin-wldWorldcoin (WLD) $ 0.298644
  • morphoMorpho (MORPHO) $ 1.72
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.23
  • algorandAlgorand (ALGO) $ 0.104872
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.083404
  • kaspaKaspa (KAS) $ 0.032295
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • nexoNEXO (NEXO) $ 0.883111
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • cosmosCosmos Hub (ATOM) $ 1.75
  • usdtbUSDtb (USDTB) $ 0.999893
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • ethenaEthena (ENA) $ 0.094179
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.05
  • wbnbWrapped BNB (WBNB) $ 759.61
  • blockchain-capitalBlockchain Capital (BCAP) $ 83.06
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • justJUST (JST) $ 0.077976
  • flare-networksFlare (FLR) $ 0.007935
  • aptosAptos (APT) $ 0.840686
  • ousgOUSG (OUSG) $ 114.87
  • filecoinFilecoin (FIL) $ 0.873267
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • arbitrumArbitrum (ARB) $ 0.111389
  • hash-2Provenance Blockchain (HASH) $ 0.011676
  • official-trumpOfficial Trump (TRUMP) $ 2.83
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • midnight-3Midnight (NIGHT) $ 0.038754
  • stable-2​​Stable (STABLE) $ 0.028543
  • xdce-crowd-saleXDC Network (XDC) $ 0.031421
  • beldexBeldex (BDX) $ 0.080438
  • yldsYLDS (YLDS) $ 0.999825
  • vechainVeChain (VET) $ 0.006874
  • new-x-ceo-is-backNEW X CEO IS BACK (XFLOKI) $ 0.506041
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • jupiter-exchange-solanaJupiter (JUP) $ 0.165198
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • ghoGHO (GHO) $ 0.999845
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • siren-2Siren (SIREN) $ 0.789346
  • usual-usdUsual USD (USD0) $ 0.994273
  • dashDash (DASH) $ 41.46
  • clbtcclBTC (CLBTC) $ 76,920.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.233394
  • bonkBonk (BONK) $ 0.000006
  • layerzeroLayerZero (ZRO) $ 1.96
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.50
  • true-usdTrueUSD (TUSD) $ 0.999722
  • a7a5A7A5 (A7A5) $ 0.012330
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • dexeDeXe (DEXE) $ 9.78
  • adi-tokenADI (ADI) $ 4.33
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.671833
  • tbtctBTC (TBTC) $ 70,942.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006636
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • euro-coinEURC (EURC) $ 1.17
  • monadMonad (MON) $ 0.034642
  • venice-tokenVenice Token (VVV) $ 8.84
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • blockstackStacks (STX) $ 0.216094
  • c8ntinuumc8ntinuum (CTM) $ 0.087592
  • decredDecred (DCR) $ 21.75
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • chilizChiliz (CHZ) $ 0.036518
  • tezosTezos (XTZ) $ 0.343549
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • sei-networkSei (SEI) $ 0.055075
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • kinesis-goldKinesis Gold (KAU) $ 152.75
  • cocaCOCA (COCA) $ 1.30
  • usxUSX (USX) $ 0.999436
  • hastra-primePRIME (PRIME) $ 1.03
  • sun-tokenSun Token (SUN) $ 0.018030
  • doge-strategyDoge Strategy (DOGESTR) $ 0.288297
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
  • aerodrome-financeAerodrome Finance (AERO) $ 0.368837
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • apenftAINFT (NFT) $ 0.00000034
  • ether-fiEther.fi (ETHFI) $ 0.411225
  • bittorrentBitTorrent (BTT) $ 0.00000033
  • curve-dao-tokenCurve DAO (CRV) $ 0.212283
  • wrapped-flareWrapped Flare (WFLR) $ 0.009961
  • gnosisGnosis (GNO) $ 119.40
  • plasmaPlasma (XPL) $ 0.128650
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
  • bitcoin-svBitcoin SV (BSV) $ 15.24
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
  • edgexedgeX (EDGE) $ 0.857371
  • injective-protocolInjective (INJ) $ 2.95
  • usdaiUSDai (USDAI) $ 0.999643
  • spx6900SPX6900 (SPX) $ 0.307875
  • lighterLighter (LIT) $ 1.15
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
  • kinesis-silverKinesis Silver (KAG) $ 74.48
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
  • conflux-tokenConflux (CFX) $ 0.052813
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
  • fraxLegacy Frax Dollar (FRAX) $ 0.994246
  • syrupMaple Finance (SYRUP) $ 0.233866
  • noonNoon (NOON) $ 0.751949
  • sbtc-2sBTC (SBTC) $ 77,039.00
  • flokiFLOKI (FLOKI) $ 0.000028
  • doublezeroDoubleZero (2Z) $ 0.078087
  • kaiaKaia (KAIA) $ 0.046371
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 115.56
  • celestiaCelestia (TIA) $ 0.297824
  • savings-usddSavings USDD (SUSDD) $ 1.03
  • lido-daoLido DAO (LDO) $ 0.311560
  • ape-and-pepeApe and Pepe (APEPE) $ 0.000001
  • official-foOfficial FO (FO) $ 0.264245
  • msolMarinade Staked SOL (MSOL) $ 133.18
  • jasmycoinJasmyCoin (JASMY) $ 0.005322
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06
DeFi

CHART: The growth of WBTC competitors

By admin
0 167

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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