• 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

WBTC supply contracts this month following Justin Sun custody drama

0 56

WBTC supply contracts this month following Justin Sun custody drama

Wrapped Bitcoin (WBTC), a popular ERC-20 wrapped version of bitcoin that also has versions on other chains, has seen its supply contract slightly since Justin Sun’s involvement was announced.

A Dune analytics dashboard created by 21.co that tracks the supply of WBTC on Ethereum suggests that the supply of WBTC on Ethereum has contracted by 3.7% over the last month.

The largest burns in the last month seem to have come from Coinlist, FalconX, and Abra.

Justin Sun’s role

WBTC has attracted significantly greater attention since it announced that it would be transitioning the custody of bitcoin for the token from BitGo to a joint venture between BitGo, BiT Global, and Sun.

BiT Global directors include Yiying Jiang, an executive who has previously worked with Sun on ventures related to BitTorrent, Poloniex, Huobi, TRON, and TrueUSD.

This decision initially led MakerDAO to limit the ability for new Dai, its native token, to be issued by borrowing against WBTC, though this decision was subsequently reversed.

New competitors

Other firms have taken advantage of this stumble to promote alternative products or changes to existing products.

Threshold Network, which is behind tBTC, at one point, proposed a merger with WBTC — something that was unlikely to ever occur.

Coinbase launched Coinbase Wrapped BTC (cbBTC), a coin that attracted the ire of Sun for its lack of proof of reserves.

Kraken has taken the opportunity to launch its own wrapped Bitcoin token, kBTC, however, none of these tokens have yet seen significant adoption compared to WBTC.

Source

Leave A Reply

Your email address will not be published.