cbBTC Circulating Supply Surpasses 40,000 Coins, Market Share Exceeds 20%

BlockBeats News, May 4th, according to Dune Analytics, the circulating supply of Coinbase's wrapped Bitcoin, Coinbase Wrapped BTC (cbBTC), has reached 40,884 coins. In the past month, it has increased by over 8,000 coins. The current market value of cbBTC is around $3.892 billion, holding the second largest share of the wrapped Bitcoin market at 22.8%, second only to wBTC.