According to BlockBeats, on August 11, according to ai_9684xtpa monitoring, WBTC currently supports Ethereum/Base/Kave/Osmosis/Tron networks, of which Ethereum mainnet casting accounts for as high as 99.8%.

As of today, 154,726 WBTC (worth $9.45 billion) have been minted, accounting for 0.78% of the total market value of Bitcoin. According to Dune dashboard data, more than 41% of WBTC is currently used in the lending ecosystem, with MakerDAO being the largest use case, and nearly 32% is used for direct transactions.

It is reported that WBTC is an ER20 token issued on the Ethereum network, whose value is pegged to Bitcoin at a one-to-one ratio. Each WBTC has corresponding Bitcoin as a reserve, which is managed by the custodian Bitgo to ensure that WBTC holders can redeem it for Bitcoin at any time.