• bitcoinBitcoin (BTC) $ 66,116.00
  • ethereumEthereum (ETH) $ 1,961.95
  • tetherTether (USDT) $ 0.999970
  • xrpXRP (XRP) $ 1.38
  • bnbBNB (BNB) $ 614.82
  • usd-coinUSDC (USDC) $ 0.999937
  • solanaSolana (SOL) $ 83.61
  • tronTRON (TRX) $ 0.284570
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • dogecoinDogecoin (DOGE) $ 0.095047
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02
  • whitebitWhiteBIT Coin (WBT) $ 49.27
  • cardanoCardano (ADA) $ 0.282018
  • usdsUSDS (USDS) $ 0.999944
  • bitcoin-cashBitcoin Cash (BCH) $ 474.02
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • leo-tokenLEO Token (LEO) $ 8.78
  • hyperliquidHyperliquid (HYPE) $ 28.39
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • canton-networkCanton (CC) $ 0.171156
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • moneroMonero (XMR) $ 343.61
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • chainlinkChainlink (LINK) $ 8.85
  • ethena-usdeEthena USDe (USDE) $ 0.999175
  • stellarStellar (XLM) $ 0.159720
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • usd1-wlfiUSD1 (USD1) $ 0.999788
  • rainRain (RAIN) $ 0.009282
  • susdssUSDS (SUSDS) $ 1.08
  • hedera-hashgraphHedera (HBAR) $ 0.100365
  • litecoinLitecoin (LTC) $ 54.64
  • paypal-usdPayPal USD (PYUSD) $ 0.999833
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • daiDai (DAI) $ 1.00
  • avalanche-2Avalanche (AVAX) $ 9.03
  • zcashZcash (ZEC) $ 226.67
  • wethWETH (WETH) $ 2,268.37
  • suiSui (SUI) $ 0.917149
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • the-open-networkToncoin (TON) $ 1.30
  • usdt0USDT0 (USDT0) $ 0.998824
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.114846
  • crypto-com-chainCronos (CRO) $ 0.076703
  • tether-goldTether Gold (XAUT) $ 5,170.98
  • polkadotPolkadot (DOT) $ 1.57
  • memecoreMemeCore (M) $ 1.44
  • pax-goldPAX Gold (PAXG) $ 5,199.76
  • uniswapUniswap (UNI) $ 3.76
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • mantleMantle (MNT) $ 0.637266
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • aaveAave (AAVE) $ 116.67
  • falcon-financeFalcon USD (USDF) $ 0.997390
  • bittensorBittensor (TAO) $ 180.45
  • global-dollarGlobal Dollar (USDG) $ 1.00
  • aster-2Aster (ASTER) $ 0.694116
  • okbOKB (OKB) $ 76.79
  • pi-networkPi Network (PI) $ 0.168690
  • pepePepe (PEPE) $ 0.000004
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • ripple-usdRipple USD (RLUSD) $ 0.999609
  • skySky (SKY) $ 0.067620
  • bitget-tokenBitget Token (BGB) $ 2.19
  • htx-daoHTX DAO (HTX) $ 0.000002
  • nearNEAR Protocol (NEAR) $ 1.12
  • internet-computerInternet Computer (ICP) $ 2.52
  • ethereum-classicEthereum Classic (ETC) $ 8.77
  • bfusdBFUSD (BFUSD) $ 0.999245
  • ondo-financeOndo (ONDO) $ 0.261855
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.110543
  • worldcoin-wldWorldcoin (WLD) $ 0.397494
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.00
  • gatechain-tokenGate (GT) $ 6.97
  • kucoin-sharesKuCoin (KCS) $ 8.50
  • pump-funPump.fun (PUMP) $ 0.001850
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • midnight-3Midnight (NIGHT) $ 0.059451
  • morphoMorpho (MORPHO) $ 1.78
  • cosmosCosmos Hub (ATOM) $ 1.88
  • hash-2Provenance Blockchain (HASH) $ 0.016374
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • ethenaEthena (ENA) $ 0.104708
  • nexoNEXO (NEXO) $ 0.850208
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • usdtbUSDtb (USDTB) $ 1.00
  • kaspaKaspa (KAS) $ 0.030712
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • flare-networksFlare (FLR) $ 0.009455
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
  • official-trumpOfficial Trump (TRUMP) $ 3.37
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • algorandAlgorand (ALGO) $ 0.086912
  • aptosAptos (APT) $ 0.971666
  • wbnbWrapped BNB (WBNB) $ 759.61
  • usddUSDD (USDD) $ 0.997225
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • ousgOUSG (OUSG) $ 114.42
  • filecoinFilecoin (FIL) $ 0.997407
  • render-tokenRender (RENDER) $ 1.44
  • stable-2​​Stable (STABLE) $ 0.035832
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • xdce-crowd-saleXDC Network (XDC) $ 0.034165
  • pippinpippin (PIPPIN) $ 0.645692
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • vechainVeChain (VET) $ 0.007488
  • arbitrumArbitrum (ARB) $ 0.104234
  • beldexBeldex (BDX) $ 0.080313
  • decredDecred (DCR) $ 34.49
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • usual-usdUsual USD (USD0) $ 0.998840
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • jupiter-exchange-solanaJupiter (JUP) $ 0.154764
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • bonkBonk (BONK) $ 0.000006
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • ghoGHO (GHO) $ 1.00
  • a7a5A7A5 (A7A5) $ 0.012785
  • true-usdTrueUSD (TUSD) $ 0.999445
  • clbtcclBTC (CLBTC) $ 76,920.00
  • blockstackStacks (STX) $ 0.265452
  • fasttokenFasttoken (FTN) $ 1.09
  • sei-networkSei (SEI) $ 0.069551
  • euro-coinEURC (EURC) $ 1.18
  • usdaiUSDai (USDAI) $ 0.999794
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.701931
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006945
  • dashDash (DASH) $ 34.32
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • tbtctBTC (TBTC) $ 70,942.00
  • kite-2Kite (KITE) $ 0.240010
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.29
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • tezosTezos (XTZ) $ 0.391831
  • justJUST (JST) $ 0.045308
  • kinesis-goldKinesis Gold (KAU) $ 166.48
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • ether-fiEther.fi (ETHFI) $ 0.506314
  • curve-dao-tokenCurve DAO (CRV) $ 0.247325
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.160613
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • c8ntinuumc8ntinuum (CTM) $ 0.081254
  • usxUSX (USX) $ 0.999740
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • story-2Story (IP) $ 0.980532
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • layerzeroLayerZero (ZRO) $ 1.70
  • cocaCOCA (COCA) $ 1.30
  • chilizChiliz (CHZ) $ 0.033203
  • bittorrentBitTorrent (BTT) $ 0.00000035
  • lighterLighter (LIT) $ 1.36
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
  • hastra-primePRIME (PRIME) $ 1.02
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • gnosisGnosis (GNO) $ 126.53
  • apenftAINFT (NFT) $ 0.00000033
  • kaiaKaia (KAIA) $ 0.055612
  • adi-tokenADI (ADI) $ 3.33
  • wrapped-flareWrapped Flare (WFLR) $ 0.009961
  • aerodrome-financeAerodrome Finance (AERO) $ 0.350211
  • power-protocolPower Protocol (POWER) $ 1.51
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
  • injective-protocolInjective (INJ) $ 3.18
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
  • bitcoin-svBitcoin SV (BSV) $ 15.83
  • sun-tokenSun Token (SUN) $ 0.016119
  • pyth-networkPyth Network (PYTH) $ 0.051768
  • iotaIOTA (IOTA) $ 0.068456
  • celestiaCelestia (TIA) $ 0.331210
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
  • crvusdcrvUSD (CRVUSD) $ 0.997057
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
  • spx6900SPX6900 (SPX) $ 0.310011
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
  • the-graphThe Graph (GRT) $ 0.026767
  • flokiFLOKI (FLOKI) $ 0.000029
  • sbtc-2sBTC (SBTC) $ 77,039.00
  • jasmycoinJasmyCoin (JASMY) $ 0.005707
  • siren-2Siren (SIREN) $ 0.380756
  • doublezeroDoubleZero (2Z) $ 0.078561
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 115.56
  • syrupMaple Finance (SYRUP) $ 0.234581
  • savings-usddSavings USDD (SUSDD) $ 1.03
  • fraxLegacy Frax Dollar (FRAX) $ 0.982549
  • olympusOlympus (OHM) $ 17.18
  • lido-daoLido DAO (LDO) $ 0.308018
  • msolMarinade Staked SOL (MSOL) $ 133.18
  • optimismOptimism (OP) $ 0.122856
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06
  • conflux-tokenConflux (CFX) $ 0.049631
  • heliumHelium (HNT) $ 1.36
  • btse-tokenBTSE Token (BTSE) $ 1.55
  • telcoinTelcoin (TEL) $ 0.002545
  • staked-aaveStaked Aave (STKAAVE) $ 126.65
  • newton-projectAB (AB) $ 0.002437
DeFi

CHART: The growth of WBTC competitors

By admin
0 144

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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