Oddbean

$WBTC Activity Reaches Record High with the Introduction of cbBTC by Coinbase. The crypto ecosystem has recently witnessed a significant development as Wrapped Bitcoin has touched unprecedented activity levels. As per CryptoQuant, a well-known crypto analytics company, this surge in the activity of $WBTC has taken place amid the launch of $cbBTC, the latest wrapped Bitcoin token of Coinbase. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1726988520730-YAKIHONNES3.jpg

All-Time High Activity: WBTC has reached an all-time high (ATH) in activity levels, suggesting that users are still favoring it over the newly launched cbBTC.Coinbase's cbBTC Launch: The release of cbBTC has sparked significant interest, achieving a market cap of over $100 million within its first day. However, the existing popularity of WBTC remains robust, as evidenced by its record activity levels