cbBTCMarket Cap exceeds 1 billion US dollars, equivalent to 9.3% of the WBTC supply

PANews reported on November 13th that Tom Wan, former strategy analyst of 21.co, stated on the X platform that the Market Cap of cbBTC has rapidly reached $1 billion within 57 days. Its net supply change on the ETH chain has exceeded that of BTC liquidity staking tokens (LSTs) including eBTC, solvBTC, and pumpBTC. The current supply of cbBTC has reached 9.3% of the WBTC supply. As of November 8th, the total Market Cap of cbBTC reached $1.04 billion, with the largest proportion on the Ethereum network, with a supply of $855 million, $176 million on the Base network, and $10.3 million on Solana. Currently, the supply of cbBTC is equivalent to 9.3% of the supply of WBTC.