{"id":29697,"date":"2020-10-06T16:45:52","date_gmt":"2020-10-06T13:45:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29697"},"modified":"2025-08-27T18:28:17","modified_gmt":"2025-08-27T15:28:17","slug":"wbtc-market-capitalization-nears-1-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wbtc-market-capitalization-nears-1-billion\/","title":{"rendered":"WBTC market capitalization nears $1 billion"},"content":{"rendered":"

The market value of the Bitcoin-backed Wrapped Bitcoin (WBTC) token has approached the $1 billion mark. This is evidenced by data from the analytics service CoinGecko<\/a>.<\/p>\n

As of writing, the WBTC token sits at 26th in the rankings. The market capitalization of the coin stands at $999.4 million.<\/p>\n

\\\"Market<\/p>\n

Source: CoinGecko<\/a>.<\/p>\n<\/div>\n

According to the service BTC on Ethereum<\/a>, the total value of WBTC has already exceeded $1 billion. Behind it by a large margin follow renBTC ($268.7 million), HBTC ($51.6 million) and sBTC ($25.4 million).<\/p>\n

Combined market capitalization of Ethereum-tokens pegged to the first cryptocurrency stands at $1.37 billion.<\/p>\n

\\\"Market<\/p>\n

Data: BTC on Ethereum<\/a>.<\/p>\n<\/div>\n

In this segment, WBTC’s share stands at 73.1%. RenBTC has 19.1%, and HBTC is 3.77% in third place.<\/p>\n

\\\"Market<\/p>\n

Market share of \u201cBitcoin on Ethereum\u201d from Dune Analytics.<\/p>\n<\/div>\n

Despite a slowdown in DeFi activity, which experts linked to rising demand for WBTC, the total value of coins in September rose by $616 million. According to CoinDesk<\/a>, this figure was $232 million in August.<\/p>\n

\\\"Market<\/p>\n

On 24 September, the cryptocurrency fund Three Arrows Capital released<\/a> 2316 WBTC onto the yield-farming market. The record lasted 10 hours, until Alameda Research minted 2317 tokens.<\/p>\n

Subscribe to ForkLog channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The market value of the Bitcoin-backed Wrapped Bitcoin (WBTC) token has approached the $1 billion mark. This is evidenced by data from the analytics service CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":29698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1655],"class_list":["post-29697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-wrapped-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29697"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29697\/revisions"}],"predecessor-version":[{"id":29699,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29697\/revisions\/29699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29698"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}