• bitcoinBitcoin (BTC) $ 117,725.00
  • ethereumEthereum (ETH) $ 3,806.03
  • xrpXRP (XRP) $ 3.13
  • tetherTether (USDT) $ 0.999956
  • bnbBNB (BNB) $ 790.80
  • solanaSolana (SOL) $ 179.00
  • usd-coinUSDC (USDC) $ 0.999819
  • staked-etherLido Staked Ether (STETH) $ 3,798.81
  • dogecoinDogecoin (DOGE) $ 0.222041
  • tronTRON (TRX) $ 0.325753
  • cardanoCardano (ADA) $ 0.772494
  • wrapped-stethWrapped stETH (WSTETH) $ 4,604.74
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,754.00
  • hyperliquidHyperliquid (HYPE) $ 42.92
  • suiSui (SUI) $ 3.78
  • stellarStellar (XLM) $ 0.412347
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,086.38
  • chainlinkChainlink (LINK) $ 17.67
  • bitcoin-cashBitcoin Cash (BCH) $ 570.75
  • hedera-hashgraphHedera (HBAR) $ 0.258238
  • wrapped-eethWrapped eETH (WEETH) $ 4,083.49
  • avalanche-2Avalanche (AVAX) $ 23.45
  • wethWETH (WETH) $ 3,803.71
  • litecoinLitecoin (LTC) $ 109.90
  • leo-tokenLEO Token (LEO) $ 8.96
  • the-open-networkToncoin (TON) $ 3.35
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • usdsUSDS (USDS) $ 0.999635
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999972
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,699.00
  • whitebitWhiteBIT Coin (WBT) $ 44.00
  • uniswapUniswap (UNI) $ 10.16
  • polkadotPolkadot (DOT) $ 3.82
  • moneroMonero (XMR) $ 305.95
  • bitget-tokenBitget Token (BGB) $ 4.52
  • pepePepe (PEPE) $ 0.000011
  • crypto-com-chainCronos (CRO) $ 0.144112
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • aaveAave (AAVE) $ 277.35
  • daiDai (DAI) $ 0.999988
  • ethenaEthena (ENA) $ 0.564992
  • bittensorBittensor (TAO) $ 372.58
  • nearNEAR Protocol (NEAR) $ 2.66
  • ethereum-classicEthereum Classic (ETC) $ 21.41
  • pi-networkPi Network (PI) $ 0.418218
  • aptosAptos (APT) $ 4.51
  • ondo-financeOndo (ONDO) $ 0.953391
  • internet-computerInternet Computer (ICP) $ 5.39
  • okbOKB (OKB) $ 47.89
  • jito-staked-solJito Staked SOL (JITOSOL) $ 218.06
  • mantleMantle (MNT) $ 0.756961
  • kaspaKaspa (KAS) $ 0.093705
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,802.31
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.036392
  • algorandAlgorand (ALGO) $ 0.254759
  • usd1-wlfiUSD1 (USD1) $ 0.998395
  • bonkBonk (BONK) $ 0.000028
  • arbitrumArbitrum (ARB) $ 0.418630
  • vechainVeChain (VET) $ 0.024642
  • gatechain-tokenGate (GT) $ 17.40
  • cosmosCosmos Hub (ATOM) $ 4.44
  • render-tokenRender (RENDER) $ 3.84
  • fasttokenFasttoken (FTN) $ 4.58
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.217260
  • worldcoin-wldWorldcoin (WLD) $ 1.07
  • binance-staked-solBinance Staked SOL (BNSOL) $ 190.45
  • official-trumpOfficial Trump (TRUMP) $ 9.30
  • susdssUSDS (SUSDS) $ 1.06
  • skySky (SKY) $ 0.084800
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.691155
  • sei-networkSei (SEI) $ 0.310907
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,330.50
  • story-2Story (IP) $ 5.93
  • spx6900SPX6900 (SPX) $ 1.86
  • filecoinFilecoin (FIL) $ 2.51
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,987.82
  • flare-networksFlare (FLR) $ 0.024291
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,632.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.03
  • xdce-crowd-saleXDC Network (XDC) $ 0.098839
  • jupiter-exchange-solanaJupiter (JUP) $ 0.523071
  • kucoin-sharesKuCoin (KCS) $ 11.35
  • usdtbUSDtb (USDTB) $ 0.999968
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,998.30
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,077.91
  • curve-dao-tokenCurve DAO (CRV) $ 1.01
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,108.63
  • injective-protocolInjective (INJ) $ 13.92
  • usdt0USDT0 (USDT0) $ 1.00
  • blockstackStacks (STX) $ 0.755501
  • nexoNEXO (NEXO) $ 1.33
  • celestiaCelestia (TIA) $ 1.79
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998595
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,005.96
  • optimismOptimism (OP) $ 0.707974
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999833
  • falcon-financeFalcon USD (USDF) $ 0.999956
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 117,459.00
  • flokiFLOKI (FLOKI) $ 0.000113
  • fartcoinFartcoin (FARTCOIN) $ 1.08
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 201.18
  • wbnbWrapped BNB (WBNB) $ 789.62
  • immutable-xImmutable (IMX) $ 0.551234
  • conflux-tokenConflux (CFX) $ 0.198285
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • the-graphThe Graph (GRT) $ 0.099534
  • dogwifcoindogwifhat (WIF) $ 0.978094
  • sonic-3Sonic (S) $ 0.300624
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.80
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,566.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 28.22
  • pax-goldPAX Gold (PAXG) $ 3,314.25
  • lido-daoLido DAO (LDO) $ 1.04
  • clbtcclBTC (CLBTC) $ 120,697.00
  • pump-funPump.fun (PUMP) $ 0.002631
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • kaiaKaia (KAIA) $ 0.158299
  • saros-financeSaros (SAROS) $ 0.353125
  • msolMarinade Staked SOL (MSOL) $ 234.50
  • paypal-usdPayPal USD (PYUSD) $ 0.999584
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.34
  • tezosTezos (XTZ) $ 0.827190
  • vaultaVaulta (A) $ 0.535837
  • theta-tokenTheta Network (THETA) $ 0.837103
  • tether-goldTether Gold (XAUT) $ 3,317.46
  • super-oethSuper OETH (SUPEROETH) $ 3,802.90
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,072.99
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,985.21
  • iotaIOTA (IOTA) $ 0.200130
  • raydiumRaydium (RAY) $ 2.94
  • jasmycoinJasmyCoin (JASMY) $ 0.015627
  • galaGALA (GALA) $ 0.016452
  • pendlePendle (PENDLE) $ 4.37
  • the-sandboxThe Sandbox (SAND) $ 0.287780
  • pyth-networkPyth Network (PYTH) $ 0.121979
  • aerodrome-financeAerodrome Finance (AERO) $ 0.811222
  • ousgOUSG (OUSG) $ 111.98
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999271
  • tbtctBTC (TBTC) $ 117,607.00
  • jito-governance-tokenJito (JTO) $ 1.84
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,805.22
  • zcashZcash (ZEC) $ 38.65
  • flowFlow (FLOW) $ 0.387573
  • newton-projectAB (AB) $ 0.008485
  • stader-ethxStader ETHx (ETHX) $ 4,044.70
  • heliumHelium (HNT) $ 3.16
  • usual-usdUsual USD (USD0) $ 0.997734
  • morphoMorpho (MORPHO) $ 1.81
  • walrus-2Walrus (WAL) $ 0.418274
  • ripple-usdRipple USD (RLUSD) $ 0.999856
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 117,185.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,723.00
  • decentralandDecentraland (MANA) $ 0.295764
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.221814
  • usddUSDD (USDD) $ 0.999622
  • beldexBeldex (BDX) $ 0.077095
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,193.94
  • based-brettBrett (BRETT) $ 0.055354
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,802.48
  • bitcoin-svBitcoin SV (BSV) $ 27.49
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,803.54
  • mog-coinMog Coin (MOG) $ 0.000001
  • syrupMaple Finance (SYRUP) $ 0.449718
  • chain-2Onyxcoin (XCN) $ 0.015659
  • coredaoorgCore (CORE) $ 0.529875
  • memecoreMemeCore (M) $ 0.318876
  • swethSwell Ethereum (SWETH) $ 4,169.41
  • build-onBUILDon (B) $ 0.502093
  • true-usdTrueUSD (TUSD) $ 0.997280
  • ether-fiEther.fi (ETHFI) $ 1.16
  • thorchainTHORChain (RUNE) $ 1.39
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008190
  • apecoinApeCoin (APE) $ 0.602445
  • arweaveArweave (AR) $ 7.31
  • apenftAPENFT (NFT) $ 0.00000048
  • telcoinTelcoin (TEL) $ 0.005099
  • zebec-networkZebec Network (ZBCN) $ 0.005386
  • frax-etherFrax Ether (FRXETH) $ 3,796.49
  • savings-daiSavings Dai (SDAI) $ 1.16
  • keetaKeeta (KTA) $ 1.11
  • neoNEO (NEO) $ 6.33
  • starknetStarknet (STRK) $ 0.123966
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,802.21
  • dydx-chaindYdX (DYDX) $ 0.585892
  • compound-governance-tokenCompound (COMP) $ 46.74
  • wrapped-hypeWrapped HYPE (WHYPE) $ 42.81
  • aioz-networkAIOZ Network (AIOZ) $ 0.366810
  • ecasheCash (XEC) $ 0.000022
  • elrond-erd-2MultiversX (EGLD) $ 15.04
  • wemix-tokenWEMIX (WEMIX) $ 0.943988
  • dexeDeXe (DEXE) $ 7.35
  • kavaKava (KAVA) $ 0.385038
  • treehouse-ethTreehouse ETH (TETH) $ 4,608.40
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999760
  • rekt-4Rekt (REKT) $ 0.00000099
  • tripTrip (TRIP) $ 14.02
DeFi

CHART: The growth of WBTC competitors

By admin
0 40

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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