Wrapped Bitcoin ($WBTC) continues to assert its dominance in the DeFi ecosystem, with record-breaking usage across various DeFi platforms, including lending, yield farming, decentralized exchanges (DEXs), and derivatives markets. According to data from @intotheblock, WBTC has cemented its position as a critical asset in DeFi, with lending emerging as its most prominent use case. A remarkable 69,203.45 WBTC is currently locked in lending protocols, making it the top destination for WBTC. This substantial amount highlights the growing demand for WBTC as a collateral asset and its role in facilitating borrowing within DeFi markets. Yield farming is also seeing significant activity,
The post Wrapped Bitcoin ($WBTC) Dominates DeFi with Unprecedented Usage Across Lending, Yield Farming, And DEXs appeared first on The Merkle News.
