Coinbase expands its wrapped bitcoin product, cbBTC, to the Solana blockchain. Initially available on Ethereum and Layer 2 Base, cbBTC will now be presented as an SPL token on Solana, supporting both fungible and non-fungible assets. cbBTC integrates with leading Solana DeFi platforms, including Jupiter Exchange and Raydium. The market capitalization of cbBTC reached $1 billion within nine weeks of launch.