10 Decentralized Finance Protocols Rule Over 52% of WBTC Circulation
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.
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.
You may also like
AVAX breaks through $39
Cardano (ADA) Is Experiencing an Unprecedented Rise! What is the Reason for the Rise, Will It Continue?
Cardano continues to attract attention with its rise.
Ethereum Futures Open Position Breaks Record, According to CryptoQuant Report! Here Are the Details
Ethereum futures open interest has reached an all-time high of over $20 billion.
Famous CEO Solana Says Rally is Just Beginning, Announces Huge Bullish Prediction for SOL Price!
XBTO CEO Philippe Bekhazi claimed that Solana could reach $700, driven by ETF expectations and a Trump-driven rally.