• bitcoinBitcoin (BTC) $ 74,368.00
  • ethereumEthereum (ETH) $ 2,364.01
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 614.71
  • xrpXRP (XRP) $ 1.36
  • usd-coinUSDC (USDC) $ 0.999820
  • solanaSolana (SOL) $ 85.85
  • tronTRON (TRX) $ 0.320836
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • dogecoinDogecoin (DOGE) $ 0.093360
  • whitebitWhiteBIT Coin (WBT) $ 54.67
  • usdsUSDS (USDS) $ 0.999711
  • hyperliquidHyperliquid (HYPE) $ 44.92
  • leo-tokenLEO Token (LEO) $ 10.11
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • cardanoCardano (ADA) $ 0.244026
  • bitcoin-cashBitcoin Cash (BCH) $ 436.83
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • chainlinkChainlink (LINK) $ 9.22
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • moneroMonero (XMR) $ 348.10
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • zcashZcash (ZEC) $ 362.13
  • ethena-usdeEthena USDe (USDE) $ 0.999906
  • canton-networkCanton (CC) $ 0.158380
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • stellarStellar (XLM) $ 0.154964
  • memecoreMemeCore (M) $ 2.75
  • susdssUSDS (SUSDS) $ 1.08
  • daiDai (DAI) $ 0.999786
  • litecoinLitecoin (LTC) $ 54.30
  • usd1-wlfiUSD1 (USD1) $ 0.999052
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • avalanche-2Avalanche (AVAX) $ 9.44
  • paypal-usdPayPal USD (PYUSD) $ 0.999869
  • rainRain (RAIN) $ 0.008070
  • wethWETH (WETH) $ 2,268.37
  • hedera-hashgraphHedera (HBAR) $ 0.086550
  • suiSui (SUI) $ 0.946882
  • the-open-networkToncoin (TON) $ 1.44
  • usdt0USDT0 (USDT0) $ 0.998824
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • crypto-com-chainCronos (CRO) $ 0.070375
  • ravedaoRaveDAO (RAVE) $ 11.21
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • tether-goldTether Gold (XAUT) $ 4,748.20
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.080852
  • bittensorBittensor (TAO) $ 256.54
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 4,757.91
  • mantleMantle (MNT) $ 0.682358
  • global-dollarGlobal Dollar (USDG) $ 0.999756
  • uniswapUniswap (UNI) $ 3.18
  • polkadotPolkadot (DOT) $ 1.19
  • nearNEAR Protocol (NEAR) $ 1.41
  • falcon-financeFalcon USD (USDF) $ 0.998160
  • okbOKB (OKB) $ 84.75
  • skySky (SKY) $ 0.074005
  • little-pepe-5Little Pepe (LILPEPE) $ 2.16
  • pi-networkPi Network (PI) $ 0.164994
  • aster-2Aster (ASTER) $ 0.672458
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • htx-daoHTX DAO (HTX) $ 0.000002
  • pepePepe (PEPE) $ 0.000004
  • usddUSDD (USDD) $ 1.00
  • aaveAave (AAVE) $ 100.29
  • ripple-usdRipple USD (RLUSD) $ 0.999986
  • internet-computerInternet Computer (ICP) $ 2.49
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • bitget-tokenBitget Token (BGB) $ 1.92
  • ethereum-classicEthereum Classic (ETC) $ 8.54
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.12
  • bfusdBFUSD (BFUSD) $ 0.999792
  • ondo-financeOndo (ONDO) $ 0.254466
  • kucoin-sharesKuCoin (KCS) $ 8.62
  • gatechain-tokenGate (GT) $ 6.75
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • pump-funPump.fun (PUMP) $ 0.001881
  • quant-networkQuant (QNT) $ 75.67
  • worldcoin-wldWorldcoin (WLD) $ 0.315311
  • algorandAlgorand (ALGO) $ 0.113957
  • render-tokenRender (RENDER) $ 1.92
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • morphoMorpho (MORPHO) $ 1.79
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • kaspaKaspa (KAS) $ 0.032995
  • nexoNEXO (NEXO) $ 0.901949
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.084284
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • cosmosCosmos Hub (ATOM) $ 1.76
  • usdtbUSDtb (USDTB) $ 0.999921
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • ethenaEthena (ENA) $ 0.097845
  • 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) $ 82.76
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • aptosAptos (APT) $ 0.870784
  • filecoinFilecoin (FIL) $ 0.902114
  • hash-2Provenance Blockchain (HASH) $ 0.012252
  • justJUST (JST) $ 0.078620
  • flare-networksFlare (FLR) $ 0.007988
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • arbitrumArbitrum (ARB) $ 0.113137
  • ousgOUSG (OUSG) $ 114.91
  • official-trumpOfficial Trump (TRUMP) $ 2.85
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • beldexBeldex (BDX) $ 0.080362
  • midnight-3Midnight (NIGHT) $ 0.037337
  • xdce-crowd-saleXDC Network (XDC) $ 0.030716
  • jupiter-exchange-solanaJupiter (JUP) $ 0.169433
  • vechainVeChain (VET) $ 0.006988
  • yldsYLDS (YLDS) $ 0.999831
  • 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
  • siren-2Siren (SIREN) $ 0.801738
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • ghoGHO (GHO) $ 0.999675
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • stable-2​​Stable (STABLE) $ 0.026601
  • usual-usdUsual USD (USD0) $ 0.998169
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.234659
  • clbtcclBTC (CLBTC) $ 76,920.00
  • bonkBonk (BONK) $ 0.000006
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.56
  • dashDash (DASH) $ 40.39
  • layerzeroLayerZero (ZRO) $ 1.99
  • a7a5A7A5 (A7A5) $ 0.012680
  • true-usdTrueUSD (TUSD) $ 0.999680
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • dexeDeXe (DEXE) $ 10.11
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.689236
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • adi-tokenADI (ADI) $ 4.31
  • tbtctBTC (TBTC) $ 70,942.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006940
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • euro-coinEURC (EURC) $ 1.18
  • monadMonad (MON) $ 0.035288
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  • venice-tokenVenice Token (VVV) $ 9.03
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999855
  • c8ntinuumc8ntinuum (CTM) $ 0.087592
  • decredDecred (DCR) $ 21.97
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • tezosTezos (XTZ) $ 0.352002
  • chilizChiliz (CHZ) $ 0.036553
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • sei-networkSei (SEI) $ 0.055625
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • kinesis-goldKinesis Gold (KAU) $ 152.64
  • cocaCOCA (COCA) $ 1.30
  • usxUSX (USX) $ 0.999508
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  • sun-tokenSun Token (SUN) $ 0.018058
  • doge-strategyDoge Strategy (DOGESTR) $ 0.288297
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
  • aerodrome-financeAerodrome Finance (AERO) $ 0.377670
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • ether-fiEther.fi (ETHFI) $ 0.434025
  • plasmaPlasma (XPL) $ 0.143764
  • apenftAINFT (NFT) $ 0.00000033
  • curve-dao-tokenCurve DAO (CRV) $ 0.216920
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  • bittorrentBitTorrent (BTT) $ 0.00000032
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
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  • bitcoin-svBitcoin SV (BSV) $ 15.58
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  • usdaiUSDai (USDAI) $ 0.999629
  • spx6900SPX6900 (SPX) $ 0.320340
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  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
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  • ape-and-pepeApe and Pepe (APEPE) $ 0.000001
  • jasmycoinJasmyCoin (JASMY) $ 0.005395
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  • msolMarinade Staked SOL (MSOL) $ 133.18
  • the-graphThe Graph (GRT) $ 0.024363
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06
DeFi

WBTC supply contracts this month following Justin Sun custody drama

By admin
0 156

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

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