The supply of Wrapped Bitcoin (WBTC) on Aave hits a historical high
According to Dune data, the supply of Wrapped Bitcoin (WBTC) on the Aave platform broke through 37,000 in September, valued at over $2 billion, setting a new historical high. Despite investors' concerns about the security of WBTC's bitcoin support, WBTC remains the most popular bitcoin derivative. Previously, an agreement between BitGo and BiT Global sparked controversy with some DeFi protocols even considering removing WBTC; however these plans have been postponed for now.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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