Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism

Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum. Base’s DeFi growth […] source: https://cryptoslate.com/coinbases-cbbtc-soars-to-100m-in-first-day-despite-justin-suns-criticism/