• bitcoinBitcoin (BTC) $ 108,639.00
  • ethereumEthereum (ETH) $ 4,392.24
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.81
  • bnbBNB (BNB) $ 859.73
  • solanaSolana (SOL) $ 202.52
  • usd-coinUSDC (USDC) $ 0.999813
  • staked-etherLido Staked Ether (STETH) $ 4,377.54
  • dogecoinDogecoin (DOGE) $ 0.215431
  • tronTRON (TRX) $ 0.340414
  • cardanoCardano (ADA) $ 0.826296
  • wrapped-stethWrapped stETH (WSTETH) $ 5,306.90
  • chainlinkChainlink (LINK) $ 23.36
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,729.87
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,562.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,703.84
  • hyperliquidHyperliquid (HYPE) $ 43.51
  • suiSui (SUI) $ 3.32
  • stellarStellar (XLM) $ 0.357984
  • bitcoin-cashBitcoin Cash (BCH) $ 534.85
  • crypto-com-chainCronos (CRO) $ 0.310455
  • avalanche-2Avalanche (AVAX) $ 23.71
  • hedera-hashgraphHedera (HBAR) $ 0.226068
  • wethWETH (WETH) $ 4,389.55
  • leo-tokenLEO Token (LEO) $ 9.51
  • litecoinLitecoin (LTC) $ 110.42
  • usdsUSDS (USDS) $ 0.999734
  • the-open-networkToncoin (TON) $ 3.08
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,596.00
  • whitebitWhiteBIT Coin (WBT) $ 42.28
  • uniswapUniswap (UNI) $ 9.76
  • polkadotPolkadot (DOT) $ 3.79
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.54
  • moneroMonero (XMR) $ 267.61
  • aaveAave (AAVE) $ 317.48
  • daiDai (DAI) $ 0.999954
  • ethenaEthena (ENA) $ 0.670556
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.18
  • okbOKB (OKB) $ 177.36
  • ethereum-classicEthereum Classic (ETC) $ 21.01
  • bittensorBittensor (TAO) $ 324.24
  • nearNEAR Protocol (NEAR) $ 2.44
  • jito-staked-solJito Staked SOL (JITOSOL) $ 248.24
  • pi-networkPi Network (PI) $ 0.369998
  • aptosAptos (APT) $ 4.29
  • ondo-financeOndo (ONDO) $ 0.912593
  • usdt0USDT0 (USDT0) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,388.94
  • arbitrumArbitrum (ARB) $ 0.500823
  • internet-computerInternet Computer (ICP) $ 4.89
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.242714
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 216.81
  • kaspaKaspa (KAS) $ 0.085157
  • vechainVeChain (VET) $ 0.024639
  • cosmosCosmos Hub (ATOM) $ 4.52
  • algorandAlgorand (ALGO) $ 0.236683
  • gatechain-tokenGate (GT) $ 17.05
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,999.58
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.53
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.40
  • story-2Story (IP) $ 6.26
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030161
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,603.12
  • render-tokenRender (RENDER) $ 3.49
  • worldcoin-wldWorldcoin (WLD) $ 0.912336
  • kucoin-sharesKuCoin (KCS) $ 13.99
  • sei-networkSei (SEI) $ 0.288690
  • bonkBonk (BONK) $ 0.000022
  • bfusdBFUSD (BFUSD) $ 0.999299
  • official-trumpOfficial Trump (TRUMP) $ 8.40
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,599.83
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.625088
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,737.99
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 43.69
  • filecoinFilecoin (FIL) $ 2.30
  • jupiter-exchange-solanaJupiter (JUP) $ 0.499907
  • flare-networksFlare (FLR) $ 0.021134
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,395.00
  • skySky (SKY) $ 0.063047
  • usdtbUSDtb (USDTB) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.080368
  • fourFour (FORM) $ 3.72
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999841
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,632.90
  • falcon-financeFalcon USD (USDF) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,708.75
  • memecoreMemeCore (M) $ 0.766512
  • tether-goldTether Gold (XAUT) $ 3,442.57
  • injective-protocolInjective (INJ) $ 13.09
  • optimismOptimism (OP) $ 0.709325
  • celestiaCelestia (TIA) $ 1.65
  • pump-funPump.fun (PUMP) $ 0.003556
  • hash-2Provenance Blockchain (HASH) $ 0.025692
  • nexoNEXO (NEXO) $ 1.25
  • wbnbWrapped BNB (WBNB) $ 859.63
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 229.47
  • paypal-usdPayPal USD (PYUSD) $ 0.999547
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997349
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,535.00
  • pyth-networkPyth Network (PYTH) $ 0.196888
  • blockstackStacks (STX) $ 0.625746
  • lido-daoLido DAO (LDO) $ 1.22
  • curve-dao-tokenCurve DAO (CRV) $ 0.780566
  • spx6900SPX6900 (SPX) $ 1.14
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999929
  • sonic-3Sonic (S) $ 0.316447
  • conflux-tokenConflux (CFX) $ 0.196394
  • immutable-xImmutable (IMX) $ 0.521434
  • aerodrome-financeAerodrome Finance (AERO) $ 1.12
  • super-oethSuper OETH (SUPEROETH) $ 4,387.80
  • pax-goldPAX Gold (PAXG) $ 3,458.61
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • msolMarinade Staked SOL (MSOL) $ 266.82
  • the-graphThe Graph (GRT) $ 0.088772
  • raydiumRaydium (RAY) $ 3.44
  • saros-financeSaros (SAROS) $ 0.350115
  • flokiFLOKI (FLOKI) $ 0.000095
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,795.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,370.60
  • kaiaKaia (KAIA) $ 0.147924
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,247.41
  • clbtcclBTC (CLBTC) $ 109,858.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,389.57
  • dogwifcoindogwifhat (WIF) $ 0.807041
  • pendlePendle (PENDLE) $ 4.71
  • fartcoinFartcoin (FARTCOIN) $ 0.791871
  • vaultaVaulta (A) $ 0.497241
  • tezosTezos (XTZ) $ 0.743798
  • theta-tokenTheta Network (THETA) $ 0.784798
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.50
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.17
  • iotaIOTA (IOTA) $ 0.192165
  • galaGALA (GALA) $ 0.016302
  • ousgOUSG (OUSG) $ 112.39
  • jito-governance-tokenJito (JTO) $ 1.94
  • loaded-lionsLoaded Lions (LION) $ 0.023458
  • jasmycoinJasmyCoin (JASMY) $ 0.014678
  • ripple-usdRipple USD (RLUSD) $ 0.999379
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • newton-projectAB (AB) $ 0.009159
  • build-onBUILDon (B) $ 0.683825
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997439
  • the-sandboxThe Sandbox (SAND) $ 0.275484
  • stader-ethxStader ETHx (ETHX) $ 4,677.77
  • morphoMorpho (MORPHO) $ 2.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,707.09
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,389.79
  • zcashZcash (ZEC) $ 40.05
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • flowFlow (FLOW) $ 0.398062
  • tbtctBTC (TBTC) $ 108,195.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,820.73
  • swethSwell Ethereum (SWETH) $ 4,748.27
  • usual-usdUsual USD (USD0) $ 0.998059
  • beldexBeldex (BDX) $ 0.076349
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.215157
  • global-dollarGlobal Dollar (USDG) $ 0.999961
  • walrus-2Walrus (WAL) $ 0.387848
  • decentralandDecentraland (MANA) $ 0.285190
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,551.00
  • vision-3Vision (VSN) $ 0.163125
  • syrupMaple Finance (SYRUP) $ 0.471949
  • bitcoin-svBitcoin SV (BSV) $ 26.10
  • ether-fiEther.fi (ETHFI) $ 1.10
  • frax-etherFrax Ether (FRXETH) $ 4,355.31
  • true-usdTrueUSD (TUSD) $ 0.996849
  • starknetStarknet (STRK) $ 0.127932
  • neoNEO (NEO) $ 6.93
  • dydx-chaindYdX (DYDX) $ 0.619898
  • heliumHelium (HNT) $ 2.57
  • based-brettBrett (BRETT) $ 0.048131
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,389.99
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,144.00
  • apecoinApeCoin (APE) $ 0.568951
  • apenftAPENFT (NFT) $ 0.00000045
  • usddUSDD (USDD) $ 0.999923
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007513
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998355
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 222.96
  • zksyncZKsync (ZK) $ 0.061105
  • telcoinTelcoin (TEL) $ 0.004762
  • sun-tokenSun Token (SUN) $ 0.022860
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999909
  • coredaoorgCore (CORE) $ 0.431111
  • savings-daiSavings Dai (SDAI) $ 1.16
  • dexeDeXe (DEXE) $ 7.50
  • instadappFluid (FLUID) $ 6.19
  • thorchainTHORChain (RUNE) $ 1.21
  • arweaveArweave (AR) $ 6.42
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999813
  • elrond-erd-2MultiversX (EGLD) $ 14.54
DeFi

CHART: The growth of WBTC competitors

By admin
0 50

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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