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IntoTheBlock: The current market value of staked Bitcoin is less than 1% of the wrapped Bitcoin tokens

--・Verified Binance official account

AI Summary

Bitcoin staking is still in its infancy, with a market cap of only 1% of wrapped Bitcoin. In the future, this area is expected to flourish as more wrapped tokens are borrowed in exchange for Bitcoin staking tokens.

According to Wu, IntoTheBlock tweeted that staking Bitcoin has just started, and the current market value of staked Bitcoin is less than 1% of the market value of wrapped BTC tokens.
In the coming weeks, more wrapped tokens such as WBTC and cbBTC are expected to be borrowed in exchange for Bitcoin collateralized tokens.

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WBTC

74,499.37

-0.06%

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IntoTheBlock: The current market value of staked Bitcoin is less than 1% of the wrapped Bitcoin tokens

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