WBTC accounts for 59.7% of the market share of packaged BTC and is the largest BTC package token in terms of application scale

According to Ai Yi, an analyst on the chain, Trump's crypto project WLFI exchanged part of its USDC for cbBTC and ETH yesterday, and currently holds cbBTC worth $9.96 million. After the WBTC custody incident, exchanges and well-known forces such as Coinbase/Kraken entered the market. The following is the market share status of various types of packaged BTC: WBTC: 59.7%, launched in 2019 and still the largest BTC packaged token; BTCB: 27.7%, BSC network anchored asset launched by Binance; cbBTC: 7.28%, Coinbase quickly entered the top three echelons after its launch in September this year; BTC.b: 2.3%, Avalanche network cross-chain BTC; tBTC: an open source project supported by Keep, Summa and Cross-Chain Group, BTC packaged in ERC20 format.