• bitcoinBitcoin (BTC) $ 95,205.00
  • ethereumEthereum (ETH) $ 1,801.35
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.31
  • bnbBNB (BNB) $ 606.32
  • solanaSolana (SOL) $ 148.30
  • usd-coinUSDC (USDC) $ 1.00
  • dogecoinDogecoin (DOGE) $ 0.179725
  • cardanoCardano (ADA) $ 0.706870
  • tronTRON (TRX) $ 0.249333
  • staked-etherLido Staked Ether (STETH) $ 1,802.95
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 94,923.00
  • suiSui (SUI) $ 3.56
  • chainlinkChainlink (LINK) $ 15.12
  • avalanche-2Avalanche (AVAX) $ 21.96
  • stellarStellar (XLM) $ 0.284331
  • leo-tokenLEO Token (LEO) $ 8.95
  • the-open-networkToncoin (TON) $ 3.28
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • hedera-hashgraphHedera (HBAR) $ 0.190528
  • usdsUSDS (USDS) $ 0.999972
  • wrapped-stethWrapped stETH (WSTETH) $ 2,161.42
  • bitcoin-cashBitcoin Cash (BCH) $ 370.13
  • litecoinLitecoin (LTC) $ 86.88
  • polkadotPolkadot (DOT) $ 4.29
  • hyperliquidHyperliquid (HYPE) $ 18.98
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.42
  • wethWETH (WETH) $ 1,791.75
  • moneroMonero (XMR) $ 266.79
  • ethena-usdeEthena USDe (USDE) $ 0.999459
  • whitebitWhiteBIT Coin (WBT) $ 29.41
  • pi-networkPi Network (PI) $ 0.608819
  • wrapped-eethWrapped eETH (WEETH) $ 1,921.60
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 95,163.00
  • pepePepe (PEPE) $ 0.000009
  • aptosAptos (APT) $ 5.64
  • uniswapUniswap (UNI) $ 5.46
  • bittensorBittensor (TAO) $ 376.85
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 52.10
  • nearNEAR Protocol (NEAR) $ 2.58
  • ondo-financeOndo (ONDO) $ 0.985223
  • susdssUSDS (SUSDS) $ 1.05
  • official-trumpOfficial Trump (TRUMP) $ 14.50
  • gatechain-tokenGate (GT) $ 22.29
  • internet-computerInternet Computer (ICP) $ 5.15
  • ethereum-classicEthereum Classic (ETC) $ 17.06
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • aaveAave (AAVE) $ 167.17
  • kaspaKaspa (KAS) $ 0.096694
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.15
  • crypto-com-chainCronos (CRO) $ 0.090698
  • mantleMantle (MNT) $ 0.737641
  • vechainVeChain (VET) $ 0.027555
  • render-tokenRender (RENDER) $ 4.56
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.239985
  • algorandAlgorand (ALGO) $ 0.233639
  • cosmosCosmos Hub (ATOM) $ 4.48
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 95,138.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.714107
  • ethenaEthena (ENA) $ 0.335698
  • filecoinFilecoin (FIL) $ 2.80
  • fasttokenFasttoken (FTN) $ 4.29
  • celestiaCelestia (TIA) $ 2.94
  • sonic-3Sonic (prev. FTM) (S) $ 0.521056
  • arbitrumArbitrum (ARB) $ 0.336356
  • bonkBonk (BONK) $ 0.000020
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.10
  • worldcoin-wldWorldcoin (WLD) $ 1.13
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998124
  • jupiter-exchange-solanaJupiter (JUP) $ 0.479703
  • kucoin-sharesKuCoin (KCS) $ 10.68
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 95,121.00
  • blockstackStacks (STX) $ 0.855186
  • optimismOptimism (OP) $ 0.783393
  • makerMaker (MKR) $ 1,530.71
  • xdce-crowd-saleXDC Network (XDC) $ 0.080655
  • binance-staked-solBinance Staked SOL (BNSOL) $ 155.36
  • nexoNEXO (NEXO) $ 1.21
  • flare-networksFlare (FLR) $ 0.018545
  • fartcoinFartcoin (FARTCOIN) $ 1.11
  • sei-networkSei (SEI) $ 0.215950
  • story-2Story (IP) $ 4.07
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,802.17
  • immutable-xImmutable (IMX) $ 0.588955
  • eosEOS (EOS) $ 0.688301
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,871.00
  • injective-protocolInjective (INJ) $ 10.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.48
  • usdt0USDT0 (USDT0) $ 1.00
  • the-graphThe Graph (GRT) $ 0.099686
  • wbnbWrapped BNB (WBNB) $ 606.68
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • raydiumRaydium (RAY) $ 3.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.644040
  • flokiFLOKI (FLOKI) $ 0.000090
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,036.12
  • iotaIOTA (IOTA) $ 0.224011
  • tether-goldTether Gold (XAUT) $ 3,335.50
  • jasmycoinJasmyCoin (JASMY) $ 0.016806
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 93,364.00
  • bitcoin-svBitcoin SV (BSV) $ 40.28
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • coredaoorgCore (CORE) $ 0.795746
  • pax-goldPAX Gold (PAXG) $ 3,336.02
  • galaGALA (GALA) $ 0.017596
  • walrus-2Walrus (WAL) $ 0.619840
  • theta-tokenTheta Network (THETA) $ 0.762531
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 95,142.00
  • dexeDeXe (DEXE) $ 13.24
  • lido-daoLido DAO (LDO) $ 0.840526
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012064
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 163.78
  • heliumHelium (HNT) $ 4.11
  • the-sandboxThe Sandbox (SAND) $ 0.303348
  • clbtcclBTC (CLBTC) $ 95,359.00
  • msolMarinade Staked SOL (MSOL) $ 191.15
  • usd1-wlfiUSD1 (USD1) $ 0.999337
  • bittorrentBitTorrent (BTT) $ 0.00000072
  • kaiaKaia (KAIA) $ 0.117377
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,910.35
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.09
  • usual-usdUsual USD (USD0) $ 0.997680
  • based-brettBrett (BRETT) $ 0.066177
  • flowFlow (FLOW) $ 0.409327
  • chain-2Onyxcoin (XCN) $ 0.018869
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999186
  • solayerSolayer (LAYER) $ 2.97
  • dogwifcoindogwifhat (WIF) $ 0.620489
  • decentralandDecentraland (MANA) $ 0.329807
  • movementMovement (MOVE) $ 0.249949
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.23
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • tezosTezos (XTZ) $ 0.560280
  • pyth-networkPyth Network (PYTH) $ 0.161293
  • jito-governance-tokenJito (JTO) $ 1.81
  • zcashZcash (ZEC) $ 35.75
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,885.96
  • deepDeepBook (DEEP) $ 0.227739
  • pendlePendle (PENDLE) $ 3.37
  • spx6900SPX6900 (SPX) $ 0.579202
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009321
  • mantra-daoMANTRA (OM) $ 0.532760
  • dydx-chaindYdX (DYDX) $ 0.664898
  • aerodrome-financeAerodrome Finance (AERO) $ 0.620882
  • kavaKava (KAVA) $ 0.462925
  • telcoinTelcoin (TEL) $ 0.005402
  • true-usdTrueUSD (TUSD) $ 1.00
  • elrond-erd-2MultiversX (EGLD) $ 17.39
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • thorchainTHORChain (RUNE) $ 1.39
  • ubtcuBTC (UBTC) $ 94,865.00
  • beldexBeldex (BDX) $ 0.067603
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 95,086.00
  • pumpbtcpumpBTC (PUMPBTC) $ 92,679.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.405081
  • arweaveArweave (AR) $ 7.19
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,884.15
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.179433
  • ecasheCash (XEC) $ 0.000023
  • grassGrass (GRASS) $ 1.64
  • starknetStarknet (STRK) $ 0.153650
  • neoNEO (NEO) $ 6.30
  • apecoinApeCoin (APE) $ 0.551170
  • tbtctBTC (TBTC) $ 94,937.00
  • ousgOUSG (OUSG) $ 110.86
  • axie-infinityAxie Infinity (AXS) $ 2.63
  • conflux-tokenConflux (CFX) $ 0.082056
  • apenftAPENFT (NFT) $ 0.00000043
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,801.23
  • matic-networkPolygon (MATIC) $ 0.240007
  • wormholeWormhole (W) $ 0.090351
  • chilizChiliz (CHZ) $ 0.042808
  • hashnote-usycHashnote USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.00
  • berachain-beraBerachain (BERA) $ 3.72
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,915.11
  • super-oethSuper OETH (SUPEROETHB) $ 1,799.51
  • justJUST (JST) $ 0.039211
  • compound-governance-tokenCompound (COMP) $ 42.98
  • beam-2Beam (BEAM) $ 0.007312
  • popcatPopcat (POPCAT) $ 0.388497
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,802.51
  • olympusOlympus (OHM) $ 21.60
  • amp-tokenAmp (AMP) $ 0.004181
  • axelarAxelar (AXL) $ 0.371698
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • roninRonin (RON) $ 0.563936
  • sun-tokenSun Token (SUN) $ 0.017983
  • saros-financeSaros (SAROS) $ 0.131248
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.822469
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,786.99
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000063
  • usddUSDD (USDD) $ 1.00
  • turboTurbo (TURBO) $ 0.004908
  • plumePlume (PLUME) $ 0.168641
DeFi

CHART: The growth of WBTC competitors

By admin
0 25

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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