cbBTC Circulating Supply Surpasses 40,000 Coins, Market Share Expands to 22.7%

BlockBeats News, May 18th, according to Dune Analytics, the circulating supply of Coinbase's wrapped Bitcoin, Coinbase Wrapped BTC (cbBTC), has surpassed 40,000 for the first time, currently at 40,884, with an increase of over 1,900 in the past month.

The current market value of cbBTC is approximately $3.89 billion, and its share in the wrapped Bitcoin market continues to grow, with a current market share of 22.7%, second only to wBTC.