• bitcoinBitcoin (BTC) $ 112,747.00
  • ethereumEthereum (ETH) $ 4,129.27
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 1,220.81
  • xrpXRP (XRP) $ 2.52
  • solanaSolana (SOL) $ 203.82
  • usd-coinUSDC (USDC) $ 0.999805
  • staked-etherLido Staked Ether (STETH) $ 4,128.91
  • dogecoinDogecoin (DOGE) $ 0.204616
  • tronTRON (TRX) $ 0.318017
  • cardanoCardano (ADA) $ 0.702454
  • wrapped-stethWrapped stETH (WSTETH) $ 5,027.61
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,453.53
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 112,964.00
  • chainlinkChainlink (LINK) $ 19.17
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.998745
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,458.85
  • hyperliquidHyperliquid (HYPE) $ 40.65
  • stellarStellar (XLM) $ 0.337412
  • bitcoin-cashBitcoin Cash (BCH) $ 535.50
  • suiSui (SUI) $ 2.85
  • avalanche-2Avalanche (AVAX) $ 22.95
  • wethWETH (WETH) $ 4,128.87
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • leo-tokenLEO Token (LEO) $ 9.63
  • usdsUSDS (USDS) $ 0.999925
  • hedera-hashgraphHedera (HBAR) $ 0.187183
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 112,813.00
  • usdt0USDT0 (USDT0) $ 1.00
  • litecoinLitecoin (LTC) $ 96.18
  • mantleMantle (MNT) $ 1.97
  • shiba-inuShiba Inu (SHIB) $ 0.000011
  • whitebitWhiteBIT Coin (WBT) $ 42.84
  • the-open-networkToncoin (TON) $ 2.30
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • crypto-com-chainCronos (CRO) $ 0.163612
  • moneroMonero (XMR) $ 309.51
  • polkadotPolkadot (DOT) $ 3.26
  • daiDai (DAI) $ 0.999401
  • bittensorBittensor (TAO) $ 464.94
  • zcashZcash (ZEC) $ 253.61
  • uniswapUniswap (UNI) $ 6.79
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.147034
  • aaveAave (AAVE) $ 253.12
  • okbOKB (OKB) $ 181.53
  • memecoreMemeCore (M) $ 2.08
  • bitget-tokenBitget Token (BGB) $ 4.83
  • pepePepe (PEPE) $ 0.000007
  • ethenaEthena (ENA) $ 0.437281
  • nearNEAR Protocol (NEAR) $ 2.49
  • jito-staked-solJito Staked SOL (JITOSOL) $ 251.60
  • aster-2Aster (ASTER) $ 1.46
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • susdssUSDS (SUSDS) $ 1.07
  • aptosAptos (APT) $ 3.69
  • ethereum-classicEthereum Classic (ETC) $ 16.95
  • paypal-usdPayPal USD (PYUSD) $ 0.999740
  • c1usdCurrency One USD (C1USD) $ 1.00
  • ondo-financeOndo (ONDO) $ 0.802545
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,136.62
  • falcon-financeFalcon USD (USDF) $ 0.997414
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.62
  • story-2Story (IP) $ 6.83
  • worldcoin-wldWorldcoin (WLD) $ 0.968832
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.200737
  • binance-staked-solBinance Staked SOL (BNSOL) $ 218.84
  • gatechain-tokenGate (GT) $ 16.39
  • internet-computerInternet Computer (ICP) $ 3.58
  • htx-daoHTX DAO (HTX) $ 0.000002
  • arbitrumArbitrum (ARB) $ 0.345200
  • kucoin-sharesKuCoin (KCS) $ 14.35
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,726.80
  • usdtbUSDtb (USDTB) $ 1.00
  • hash-2Provenance Blockchain (HASH) $ 0.036122
  • algorandAlgorand (ALGO) $ 0.204799
  • chainopera-aiChainOpera AI (COAI) $ 9.14
  • pi-networkPi Network (PI) $ 0.216161
  • bfusdBFUSD (BFUSD) $ 1.00
  • vechainVeChain (VET) $ 0.019312
  • kaspaKaspa (KAS) $ 0.061820
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,364.19
  • wbnbWrapped BNB (WBNB) $ 1,222.12
  • cosmosCosmos Hub (ATOM) $ 3.48
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 40.54
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.025005
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,361.74
  • tether-goldTether Gold (XAUT) $ 4,143.59
  • render-tokenRender (RENDER) $ 2.87
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,457.11
  • pump-funPump.fun (PUMP) $ 0.004167
  • skySky (SKY) $ 0.063019
  • flare-networksFlare (FLR) $ 0.019049
  • sei-networkSei (SEI) $ 0.226136
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 112,848.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,381.78
  • quant-networkQuant (QNT) $ 90.37
  • pax-goldPAX Gold (PAXG) $ 4,164.16
  • official-trumpOfficial Trump (TRUMP) $ 6.33
  • bonkBonk (BONK) $ 0.000016
  • nexoNEXO (NEXO) $ 1.22
  • jupiter-exchange-solanaJupiter (JUP) $ 0.378531
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.48
  • filecoinFilecoin (FIL) $ 1.68
  • syrupusdcSyrup USDC (SYRUPUSDC) $ 1.13
  • spx6900SPX6900 (SPX) $ 1.23
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 112,545.00
  • immutable-xImmutable (IMX) $ 0.569455
  • xdce-crowd-saleXDC Network (XDC) $ 0.060729
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997064
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,442.42
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 233.00
  • doublezeroDoubleZero (2Z) $ 0.291035
  • morphoMorpho (MORPHO) $ 1.91
  • injective-protocolInjective (INJ) $ 9.64
  • celestiaCelestia (TIA) $ 1.15
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 113,092.00
  • clbtcclBTC (CLBTC) $ 116,304.00
  • solmevSolMev (SN116) $ 2,398.72
  • fasttokenFasttoken (FTN) $ 2.02
  • lido-daoLido DAO (LDO) $ 0.974573
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.330521
  • optimismOptimism (OP) $ 0.483921
  • msolMarinade Staked SOL (MSOL) $ 271.06
  • blockstackStacks (STX) $ 0.471665
  • curve-dao-tokenCurve DAO (CRV) $ 0.599213
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • plasmaPlasma (XPL) $ 0.457386
  • aerodrome-financeAerodrome Finance (AERO) $ 0.901502
  • ousgOUSG (OUSG) $ 112.92
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,924.10
  • sonic-3Sonic (S) $ 0.203537
  • global-dollarGlobal Dollar (USDG) $ 0.999989
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,132.80
  • the-graphThe Graph (GRT) $ 0.070181
  • pyth-networkPyth Network (PYTH) $ 0.125120
  • flokiFLOKI (FLOKI) $ 0.000075
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.85
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998280
  • saros-financeSaros (SAROS) $ 0.259586
  • havvenSynthetix (SNX) $ 1.99
  • kaiaKaia (KAIA) $ 0.114382
  • tezosTezos (XTZ) $ 0.626162
  • tbtctBTC (TBTC) $ 112,679.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,135.26
  • ether-fiEther.fi (ETHFI) $ 1.27
  • aethirAethir (ATH) $ 0.045406
  • gtethGTETH (GTETH) $ 4,126.87
  • stader-ethxStader ETHx (ETHX) $ 4,428.83
  • pendlePendle (PENDLE) $ 3.72
  • newton-projectAB (AB) $ 0.007587
  • iotaIOTA (IOTA) $ 0.152450
  • myx-financeMYX Finance (MYX) $ 3.20
  • conflux-tokenConflux (CFX) $ 0.118949
  • usdaiUSDai (USDAI) $ 1.03
  • beldexBeldex (BDX) $ 0.079390
  • dogwifcoindogwifhat (WIF) $ 0.585304
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.38
  • dashDash (DASH) $ 46.17
  • theta-tokenTheta Network (THETA) $ 0.574203
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.04
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,549.57
  • galaGALA (GALA) $ 0.012069
  • the-sandboxThe Sandbox (SAND) $ 0.225624
  • usual-usdUsual USD (USD0) $ 0.998322
  • raydiumRaydium (RAY) $ 2.05
  • starknetStarknet (STRK) $ 0.127561
  • swethSwell Ethereum (SWETH) $ 4,530.13
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,115.35
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.833407
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,447.37
  • swissborgSwissBorg (BORG) $ 0.547977
  • jasmycoinJasmyCoin (JASMY) $ 0.011057
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 112,849.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.204827
  • decentralandDecentraland (MANA) $ 0.273509
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.37
  • rna-2RNA (SN117) $ 4,708.96
  • bittorrentBitTorrent (BTT) $ 0.00000052
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.01
  • vaultaVaulta (A) $ 0.315644
  • astherus-staked-bnbAster Staked BNB (ASBNB) $ 1,288.57
  • arbitrum-bridged-wrapped-eethArbitrum Bridged Wrapped eETH (Arbitrum) (WEETH) $ 4,453.70
  • true-usdTrueUSD (TUSD) $ 0.999854
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10
  • flowFlow (FLOW) $ 0.299290
  • usddUSDD (USDD) $ 1.00
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999811
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999804
  • zero-gravity0G (0G) $ 2.20
  • syrupMaple Finance (SYRUP) $ 0.423599
  • sun-tokenSun Token (SUN) $ 0.024296
  • ai-companionsAI Companions (AIC) $ 0.464349
  • bitcoin-svBitcoin SV (BSV) $ 22.99
  • jito-governance-tokenJito (JTO) $ 1.17
  • frax-etherFrax Ether (FRXETH) $ 4,104.49
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,133.19
DeFi

CHART: The growth of WBTC competitors

By admin
0 67

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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