Coinbase cbBTC Nears $100M Market Cap Since Its Launch
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while