🚀 **Bitcoin Enthusiasts Rejoice! Aave Sees Massive cbBTC Inflows! 🚀**

The Ethereum-based lending protocol Aave is experiencing a surge in Coinbase Wrapped Bitcoin (cbBTC) inflows, thanks to a new incentives program! 🌟

Since the launch of the cbBTC Merit program on October 24, Aave has seen an increase of 2,700 BTC, worth roughly $200 million, bringing the total cbBTC on the platform to 7,500 BTC. This makes cbBTC the fourth largest asset for borrowing USDC on Aave, accounting for 12% of all collateral. 📈

While this growth showcases the rising adoption of wrapped Bitcoin, users should be cautious. Market analytics platform IntoTheBlock warns that a sudden exit of a USDC supply whale could pose risks. 🐋

Stay optimistic about Bitcoin, but always be aware of the market dynamics! 🌐