$301.9M: Circle's Wrapped Bitcoin Dominates DeFi Landscape
Circle's Wrapped Bitcoin, cirBTC, has reached a notable milestone, growing to a $301.9M market cap.
This development reflects a burgeoning interest in decentralized finance (DeFi), with $252.9M deposited into the DeFi ecosystem on Arc.
Arc now accounts for 83.2% of cirBTC's total market cap and 91.4% of its DeFi deposits, indicating a strong trend in tokenized assets.