• bitcoinBitcoin (BTC) $ 105,006.00
  • ethereumEthereum (ETH) $ 2,518.22
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.13
  • bnbBNB (BNB) $ 642.14
  • solanaSolana (SOL) $ 144.23
  • usd-coinUSDC (USDC) $ 0.999776
  • dogecoinDogecoin (DOGE) $ 0.176907
  • tronTRON (TRX) $ 0.271065
  • staked-etherLido Staked Ether (STETH) $ 2,518.38
  • cardanoCardano (ADA) $ 0.622584
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,976.00
  • hyperliquidHyperliquid (HYPE) $ 39.67
  • wrapped-stethWrapped stETH (WSTETH) $ 3,034.45
  • suiSui (SUI) $ 2.89
  • chainlinkChainlink (LINK) $ 13.05
  • bitcoin-cashBitcoin Cash (BCH) $ 426.36
  • leo-tokenLEO Token (LEO) $ 9.07
  • avalanche-2Avalanche (AVAX) $ 18.96
  • stellarStellar (XLM) $ 0.255486
  • the-open-networkToncoin (TON) $ 2.94
  • usdsUSDS (USDS) $ 0.999749
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wethWETH (WETH) $ 2,519.39
  • wrapped-eethWrapped eETH (WEETH) $ 2,694.02
  • hedera-hashgraphHedera (HBAR) $ 0.153199
  • litecoinLitecoin (LTC) $ 85.12
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999543
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 311.84
  • polkadotPolkadot (DOT) $ 3.76
  • whitebitWhiteBIT Coin (WBT) $ 39.06
  • bitget-tokenBitget Token (BGB) $ 4.52
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,031.00
  • pepePepe (PEPE) $ 0.000011
  • pi-networkPi Network (PI) $ 0.609991
  • uniswapUniswap (UNI) $ 7.25
  • aaveAave (AAVE) $ 273.54
  • daiDai (DAI) $ 0.999492
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 360.80
  • okbOKB (OKB) $ 51.45
  • internet-computerInternet Computer (ICP) $ 5.48
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • aptosAptos (APT) $ 4.44
  • crypto-com-chainCronos (CRO) $ 0.090667
  • nearNEAR Protocol (NEAR) $ 2.20
  • ethereum-classicEthereum Classic (ETC) $ 16.65
  • jito-staked-solJito Staked SOL (JITOSOL) $ 174.52
  • ondo-financeOndo (ONDO) $ 0.779512
  • susdssUSDS (SUSDS) $ 1.06
  • tokenize-xchangeTokenize Xchange (TKX) $ 28.48
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • mantleMantle (MNT) $ 0.636225
  • gatechain-tokenGate (GT) $ 16.85
  • official-trumpOfficial Trump (TRUMP) $ 10.00
  • kaspaKaspa (KAS) $ 0.073343
  • fasttokenFasttoken (FTN) $ 4.44
  • vechainVeChain (VET) $ 0.021921
  • skySky (SKY) $ 0.086946
  • cosmosCosmos Hub (ATOM) $ 4.07
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,705.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.198161
  • ethenaEthena (ENA) $ 0.291556
  • render-tokenRender (RENDER) $ 3.36
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.660576
  • filecoinFilecoin (FIL) $ 2.41
  • arbitrumArbitrum (ARB) $ 0.333244
  • worldcoin-wldWorldcoin (WLD) $ 0.970209
  • usdt0USDT0 (USDT0) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,516.70
  • algorandAlgorand (ALGO) $ 0.176118
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998951
  • quant-networkQuant (QNT) $ 103.63
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.36
  • usdtbUSDtb (USDTB) $ 1.00
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • spx6900SPX6900 (SPX) $ 1.39
  • binance-staked-solBinance Staked SOL (BNSOL) $ 152.34
  • flare-networksFlare (FLR) $ 0.018286
  • nexoNEXO (NEXO) $ 1.21
  • jupiter-exchange-solanaJupiter (JUP) $ 0.407953
  • celestiaCelestia (TIA) $ 1.78
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,865.39
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.81
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,637.00
  • fartcoinFartcoin (FARTCOIN) $ 1.15
  • bonkBonk (BONK) $ 0.000015
  • injective-protocolInjective (INJ) $ 11.45
  • sonic-3Sonic (S) $ 0.336230
  • story-2Story (IP) $ 3.59
  • optimismOptimism (OP) $ 0.592446
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998623
  • paypal-usdPayPal USD (PYUSD) $ 0.999895
  • xdce-crowd-saleXDC Network (XDC) $ 0.059530
  • blockstackStacks (STX) $ 0.622833
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,691.15
  • sei-networkSei (SEI) $ 0.174366
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,647.36
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 104,840.00
  • kaiaKaia (KAIA) $ 0.148664
  • newton-projectAB (AB) $ 0.013735
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 104,840.00
  • wbnbWrapped BNB (WBNB) $ 641.71
  • immutable-xImmutable (IMX) $ 0.456736
  • tether-goldTether Gold (XAUT) $ 3,454.47
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,649.99
  • pax-goldPAX Gold (PAXG) $ 3,479.37
  • dogwifcoindogwifhat (WIF) $ 0.839618
  • the-graphThe Graph (GRT) $ 0.086720
  • clbtcclBTC (CLBTC) $ 107,123.00
  • vaultaVaulta (A) $ 0.523932
  • curve-dao-tokenCurve DAO (CRV) $ 0.591832
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.34
  • flokiFLOKI (FLOKI) $ 0.000077
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 160.98
  • lido-daoLido DAO (LDO) $ 0.801250
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,723.72
  • zcashZcash (ZEC) $ 44.06
  • ousgOUSG (OUSG) $ 111.43
  • msolMarinade Staked SOL (MSOL) $ 187.66
  • theta-tokenTheta Network (THETA) $ 0.697187
  • galaGALA (GALA) $ 0.014967
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999571
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.14
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • jito-governance-tokenJito (JTO) $ 1.93
  • the-sandboxThe Sandbox (SAND) $ 0.263656
  • iotaIOTA (IOTA) $ 0.167481
  • jasmycoinJasmyCoin (JASMY) $ 0.012905
  • usual-usdUsual USD (USD0) $ 0.997794
  • bitcoin-svBitcoin SV (BSV) $ 30.88
  • polyhedra-networkPolyhedra Network (ZKJ) $ 1.98
  • walrus-2Walrus (WAL) $ 0.448759
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009553
  • pendlePendle (PENDLE) $ 3.69
  • wrapped-hypeWrapped HYPE (WHYPE) $ 39.65
  • pyth-networkPyth Network (PYTH) $ 0.103684
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 104,503.00
  • raydiumRaydium (RAY) $ 2.04
  • aerodrome-financeAerodrome Finance (AERO) $ 0.705647
  • tezosTezos (XTZ) $ 0.559070
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • coredaoorgCore (CORE) $ 0.573226
  • falcon-financeFalcon USD (USDF) $ 0.999005
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,519.45
  • super-oethSuper OETH (SUPEROETH) $ 2,519.61
  • flowFlow (FLOW) $ 0.349677
  • saros-financeSaros (SAROS) $ 0.211419
  • tbtctBTC (TBTC) $ 104,965.00
  • apecoinApeCoin (APE) $ 0.679348
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,688.95
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,619.99
  • thorchainTHORChain (RUNE) $ 1.47
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,519.41
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 105,084.00
  • dexeDeXe (DEXE) $ 8.81
  • syrupMaple Finance (SYRUP) $ 0.465579
  • decentralandDecentraland (MANA) $ 0.262497
  • true-usdTrueUSD (TUSD) $ 0.997716
  • compound-governance-tokenCompound (COMP) $ 52.31
  • heliumHelium (HNT) $ 2.50
  • grassGrass (GRASS) $ 1.59
  • staked-hypeStaked HYPE (STHYPE) $ 39.65
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.176569
  • kavaKava (KAVA) $ 0.415742
  • chain-2Onyxcoin (XCN) $ 0.013038
  • usddUSDD (USDD) $ 1.00
  • beldexBeldex (BDX) $ 0.060556
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999802
  • based-brettBrett (BRETT) $ 0.043425
  • morphoMorpho (MORPHO) $ 1.39
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • ecasheCash (XEC) $ 0.000021
  • usdbUSDB (USDB) $ 1.00
  • ripple-usdRipple USD (RLUSD) $ 0.999874
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 36.92
  • apenftAPENFT (NFT) $ 0.00000041
  • eosEOS (EOS) $ 0.555433
  • axelarAxelar (AXL) $ 0.411970
  • aioz-networkAIOZ Network (AIOZ) $ 0.341787
  • ketKet (KET) $ 0.402236
  • dydx-chaindYdX (DYDX) $ 0.510633
  • starknetStarknet (STRK) $ 0.118407
  • arweaveArweave (AR) $ 6.01
  • elrond-erd-2MultiversX (EGLD) $ 13.83
  • aethirAethir (ATH) $ 0.039362
  • neoNEO (NEO) $ 5.52
  • keetaKeeta (KTA) $ 0.942725
  • movementMovement (MOVE) $ 0.148614
  • stader-ethxStader ETHx (ETHX) $ 2,674.64
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,517.17
  • eigenlayerEigenlayer (EIGEN) $ 1.22
  • axie-infinityAxie Infinity (AXS) $ 2.31
  • conflux-tokenConflux (CFX) $ 0.073422
  • telcoinTelcoin (TEL) $ 0.003914
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006215
DeFi

CHART: The growth of WBTC competitors

By admin
0 31

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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