Staked Bitcoin Market Cap Poised for Growth
9/15/2024 8:00:48 AM
According to IntoTheBlock, the market cap for staked Bitcoin is currently less than 1% of the value of wrapped BTC tokens. In the upcoming weeks, there is an expectation for increased borrowing of wrapped tokens like WBTC and cbBTC against Bitcoin staking tokens. This could lead to leveraged exposure to platforms such as Babylon and Symbiotic. (Source)
WBTC Babylon staked Bitcoin Symbiotic cbBTC Wrapped BTC