Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum. Base’s DeFi growth […]
The post Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism appeared first on CryptoSlate.
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Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism