Wrapped Bitcoin ($WBTC) Dominates DeFi with Unprecedented Usage Across Lending, Yield Farming, And DEXs

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 … Read more

WBTC Hits New High on Aave, Coinbase’s Wrapped Bitcoin Supply Soars

It’s been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million. Bitcoin Derivative Landscape Shifts … Read more