PANews reported on November 13 that former 21.co strategy analyst Tom Wan said on the X platform that cbBTC's market value quickly reached $1 billion in 57 days, and its net supply change rate on Ethereum has exceeded that of Bitcoin Liquid Staking Tokens (LSTs) including eBTC, solvBTC.BBN, pumpBTC, etc. The current supply of cbBTC has reached 9.3% of WBTC's supply.
As of November 8, the total market value of cbBTC reached $1.04 billion, of which the Ethereum network accounted for the largest share, with a supply of $855 million, the Base network was $176 million, and Solana was $10.3 million. The current supply of cbBTC is equivalent to 9.3% of the supply of WBTC.
