• bitcoinBitcoin (BTC) $ 84,171.00
  • ethereumEthereum (ETH) $ 1,922.67
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.35
  • bnbBNB (BNB) $ 585.88
  • solanaSolana (SOL) $ 133.61
  • usd-coinUSDC (USDC) $ 0.999888
  • cardanoCardano (ADA) $ 0.734807
  • dogecoinDogecoin (DOGE) $ 0.170527
  • tronTRON (TRX) $ 0.221401
  • staked-etherLido Staked Ether (STETH) $ 1,918.48
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 84,115.00
  • pi-networkPi Network (PI) $ 1.51
  • leo-tokenLEO Token (LEO) $ 9.77
  • chainlinkChainlink (LINK) $ 13.80
  • stellarStellar (XLM) $ 0.274693
  • wrapped-stethWrapped stETH (WSTETH) $ 2,301.75
  • usdsUSDS (USDS) $ 0.999871
  • hedera-hashgraphHedera (HBAR) $ 0.190585
  • avalanche-2Avalanche (AVAX) $ 18.74
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.32
  • the-open-networkToncoin (TON) $ 2.93
  • litecoinLitecoin (LTC) $ 91.65
  • bitcoin-cashBitcoin Cash (BCH) $ 326.90
  • polkadotPolkadot (DOT) $ 4.20
  • mantra-daoMANTRA (OM) $ 6.26
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wethWETH (WETH) $ 1,925.26
  • bitget-tokenBitget Token (BGB) $ 4.43
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 13.96
  • whitebitWhiteBIT Coin (WBT) $ 28.54
  • wrapped-eethWrapped eETH (WEETH) $ 2,044.36
  • moneroMonero (XMR) $ 209.82
  • uniswapUniswap (UNI) $ 6.06
  • susdssUSDS (SUSDS) $ 1.04
  • daiDai (DAI) $ 0.999641
  • nearNEAR Protocol (NEAR) $ 2.62
  • aptosAptos (APT) $ 5.21
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 46.12
  • ondo-financeOndo (ONDO) $ 0.865494
  • ethereum-classicEthereum Classic (ETC) $ 18.01
  • internet-computerInternet Computer (ICP) $ 5.63
  • gatechain-tokenGate (GT) $ 21.36
  • aaveAave (AAVE) $ 173.15
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 84,183.00
  • mantleMantle (MNT) $ 0.731548
  • official-trumpOfficial Trump (TRUMP) $ 11.86
  • crypto-com-chainCronos (CRO) $ 0.083070
  • tokenize-xchangeTokenize Xchange (TKX) $ 28.01
  • bittensorBittensor (TAO) $ 252.93
  • vechainVeChain (VET) $ 0.024608
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998804
  • kaspaKaspa (KAS) $ 0.076117
  • celestiaCelestia (TIA) $ 3.54
  • filecoinFilecoin (FIL) $ 2.88
  • cosmosCosmos Hub (ATOM) $ 4.20
  • ethenaEthena (ENA) $ 0.349887
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.215199
  • fasttokenFasttoken (FTN) $ 4.00
  • algorandAlgorand (ALGO) $ 0.198165
  • sonic-3Sonic (prev. FTM) (S) $ 0.530034
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 84,193.00
  • render-tokenRender (RENDER) $ 3.17
  • arbitrumArbitrum (ARB) $ 0.360196
  • story-2Story (IP) $ 5.94
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.526061
  • optimismOptimism (OP) $ 0.869685
  • kucoin-sharesKuCoin (KCS) $ 11.11
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.513034
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 83,976.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,921.12
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,996.82
  • movementMovement (MOVE) $ 0.453213
  • nexoNEXO (NEXO) $ 1.08
  • xdce-crowd-saleXDC Network (XDC) $ 0.068234
  • makerMaker (MKR) $ 1,189.32
  • dexeDeXe (DEXE) $ 17.29
  • injective-protocolInjective (INJ) $ 10.08
  • blockstackStacks (STX) $ 0.645097
  • usual-usdUsual USD (USD0) $ 0.997575
  • immutable-xImmutable (IMX) $ 0.545993
  • binance-staked-solBinance Staked SOL (BNSOL) $ 139.11
  • worldcoin-wldWorldcoin (WLD) $ 0.868564
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,163.32
  • sei-networkSei (SEI) $ 0.203167
  • flare-networksFlare (FLR) $ 0.015180
  • the-graphThe Graph (GRT) $ 0.094008
  • theta-tokenTheta Network (THETA) $ 0.895251
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • lido-daoLido DAO (LDO) $ 0.944731
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 83,977.00
  • bonkBonk (BONK) $ 0.000011
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,039.62
  • eosEOS (EOS) $ 0.504135
  • paypal-usdPayPal USD (PYUSD) $ 0.999772
  • tether-goldTether Gold (XAUT) $ 2,983.81
  • tezosTezos (XTZ) $ 0.706600
  • galaGALA (GALA) $ 0.016580
  • wbnbWrapped BNB (WBNB) $ 585.71
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.285478
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • jito-governance-tokenJito (JTO) $ 2.24
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 83,944.00
  • bitcoin-svBitcoin SV (BSV) $ 34.12
  • iotaIOTA (IOTA) $ 0.181497
  • jasmycoinJasmyCoin (JASMY) $ 0.013717
  • berachain-beraBerachain (BERA) $ 6.11
  • kaiaKaia (KAIA) $ 0.110588
  • msolMarinade Staked SOL (MSOL) $ 170.56
  • flowFlow (FLOW) $ 0.403207
  • pax-goldPAX Gold (PAXG) $ 2,992.81
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999438
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,000.27
  • flokiFLOKI (FLOKI) $ 0.000062
  • neoNEO (NEO) $ 8.02
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.81
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 145.79
  • pyth-networkPyth Network (PYTH) $ 0.149199
  • resolv-usrResolv USR (USR) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.408870
  • honey-3Honey (HONEY) $ 0.999285
  • beldexBeldex (BDX) $ 0.076202
  • roninRonin (RON) $ 0.845081
  • heliumHelium (HNT) $ 2.91
  • zcashZcash (ZEC) $ 32.25
  • axie-infinityAxie Infinity (AXS) $ 3.22
  • decentralandDecentraland (MANA) $ 0.275602
  • telcoinTelcoin (TEL) $ 0.005526
  • kavaKava (KAVA) $ 0.466500
  • dogwifcoindogwifhat (WIF) $ 0.504991
  • elrond-erd-2MultiversX (EGLD) $ 17.90
  • true-usdTrueUSD (TUSD) $ 0.999291
  • starknetStarknet (STRK) $ 0.178375
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.63
  • pumpbtcpumpBTC (PUMPBTC) $ 82,812.00
  • dydx-chaindYdX (DYDX) $ 0.617359
  • raydiumRaydium (RAY) $ 1.61
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,039.41
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999888
  • chain-2Onyxcoin (XCN) $ 0.013313
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.170451
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,922.55
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.668474
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 84,170.00
  • arweaveArweave (AR) $ 6.54
  • apenftAPENFT (NFT) $ 0.00000043
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,925.21
  • aerodrome-financeAerodrome Finance (AERO) $ 0.528829
  • clbtcclBTC (CLBTC) $ 84,107.00
  • ecasheCash (XEC) $ 0.000021
  • conflux-tokenConflux (CFX) $ 0.083213
  • apecoinApeCoin (APE) $ 0.522051
  • thorchainTHORChain (RUNE) $ 1.18
  • chilizChiliz (CHZ) $ 0.043860
  • ousgOUSG (OUSG) $ 110.33
  • grassGrass (GRASS) $ 1.48
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006479
  • usdbUSDB (USDB) $ 0.995330
  • coredaoorgCore (CORE) $ 0.404782
  • hashnote-usycHashnote USYC (USYC) $ 1.07
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 83,613.00
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • matic-networkPolygon (MATIC) $ 0.215032
  • infrared-beraInfrared Bera (IBERA) $ 5.51
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,923.20
  • compound-governance-tokenCompound (COMP) $ 41.21
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.866598
  • olympusOlympus (OHM) $ 21.98
  • fraxFrax (FRAX) $ 0.998580
  • tbtctBTC (TBTC) $ 84,091.00
  • amp-tokenAmp (AMP) $ 0.004175
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,965.55
  • pendlePendle (PENDLE) $ 2.15
  • kaitoKAITO (KAITO) $ 1.43
  • axelarAxelar (AXL) $ 0.368302
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,003.59
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • akash-networkAkash Network (AKT) $ 1.37
  • spx6900SPX6900 (SPX) $ 0.358930
  • beam-2Beam (BEAM) $ 0.006240
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • gnosisGnosis (GNO) $ 124.24
  • based-brettBrett (BRETT) $ 0.032266
  • mina-protocolMina Protocol (MINA) $ 0.259276
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,905.56
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005491
  • verus-coinVerus (VRSC) $ 3.88
  • fartcoinFartcoin (FARTCOIN) $ 0.303651
  • plumePlume (PLUME) $ 0.151413
  • morphoMorpho (MORPHO) $ 1.28
  • aioz-networkAIOZ Network (AIOZ) $ 0.262505
  • golemGolem (GLM) $ 0.300919
DeFi

CHART: The growth of WBTC competitors

By admin
0 19

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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