Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
10 Decentralized Finance Protocols Rule Over 52% of WBTC Circulation

10 Decentralized Finance Protocols Rule Over 52% of WBTC Circulation

CointimeCointime2023/10/23 00:39
By:Cointime

As of October 22, 2023, there are 79,839 individual wallets holding WBTC. The circulating supply of WBTC tokens is 163,006, and the project's valuation is 4.88 billion USD. Since December 17, 2022, the circulating supply of WBTC has decreased by 12.31%, from 185,909 WBTC to the current 163,006 WBTC. In terms of market capitalization, WBTC ranks 16th.

The data shows that the leading addresses are managed by DeFi entities such as Aave, Compound, Arbitrum gateways, Polygon bridges, and Makerdao. The largest wallet, "0x9ff," is designated as "Aave: aWBTC Token V2" and holds 10.67% of circulating WBTC. In addition, the top ten WBTC accounts are all part of a DeFi protocol, jointly overseeing 52% of circulating WBTC.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Coinbase's full-year revenue reaches $6.1 billion, more than double from 2023

Quarterly revenue of $2.3 billion was up significantly from $953.7 million in the same period last year.COIN shares are up 16% in 2025 and up about 112% over the past year.

The Block2025/02/13 22:11

Trump-backed World Liberty Financial’s MicroStrategy-like token reserve is ‘mostly a clever grift,’ Two Prime CEO says

World Liberty Financial’s new strategic token reserve aims to support major cryptocurrencies like Bitcoin and Ethereum, potentially giving renewed utility to its struggling WLFI governance token.Critics argue that WLFI’s structure allows the Trump family to profit from political influence while offering no direct claims to the reserve for token holders.

The Block2025/02/13 22:11