IntoTheBlock: The current pledged Bitcoin market value is less than 1% of the encapsulated Bitcoin tokens
According to a post by IntoTheBlock on platform X, the pledging of Bitcoin has just started, and the current market value of pledged Bitcoin is less than 1% of the market value of wrapped Bitcoin (WBTC) tokens. In the coming weeks, it is expected that more wrapped tokens (such as WBTC and cbBTC) will be borrowed in exchange for Bitcoin pledge tokens.
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
AI agents are accelerating their entry, and the "iPhone moment" of the crypto trading market is approaching
Uniswap frontend trading fees have exceeded $180 million
Data: If ETH falls below $2,950, the cumulative long liquidation intensity on major CEXs will reach $854 millions.
Trending news
MoreCrypto prices
More
