| PANews

cbBTC’s market value exceeds $1 billion, equivalent to 9.3% of WBTC’s supply

11/13/2024, 09:11 AM

PANews reported on November 13 that former 21.co strategy analyst Tom Wan said on the X platform that cbBTC's market value quickly reached $1 billion in 57 days, and its net supply change rate on Ethereum has exceeded that of Bitcoin Liquidity Staking Tokens (LSTs) including eBTC, solvBTC.BBN, pumpBTC, etc. The current supply of cbBTC has reached 9.3% of WBTC's supply.

As of November 8, the total market value of cbBTC reached US$1.04 billion, of which the Ethereum network accounted for the largest share with a supply of US$855 million, the Base network was US$176 million, and Solana was US$10.3 million.

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This content is provided for informational purposes only and does not constitute investment advice.

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