IntoTheBlock: Current Bitcoin Staked Market Cap Below 1% of Wrapped Bitcoin Tokens
Article is form Jinse
September 15, 2024
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Gold Finance reports that, according to IntoTheBlock's post on X, Bitcoin staking is still in its early stages. The current market capitalization of staked Bitcoin is less than 1% of the market capitalization of wrapped Bitcoin (wrapped BTC) tokens. In the coming weeks, more wrapped tokens (such as WBTC and cbBTC) are expected to be borrowed in exchange for Bitcoin staking tokens.
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