IntoTheBlock: Current Bitcoin Staking Market Cap Less Than 1% of Wrapped Bitcoin Tokens
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September 15, 2024
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According to IntoTheBlock's recent post on X, Bitcoin staking is still in its early stages. The current market cap of staked Bitcoin is less than 1% of the market cap of wrapped Bitcoin tokens. In the coming weeks, it is expected that more wrapped tokens, such as WBTC and cbBTC, will be borrowed to exchange for Bitcoin staking tokens.
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