Wrapped tokens are gaining traction again. WBTC's supply on Ethereum has returned to March 2021 levels, a strong indicator of DeFi activity. Could other wrapped tokens like cbBTC, solvBTC, or LBTC fill the same role in the future?

I invest in digital currencies, and My hobby is gardening, Gardening is my peace

WBTC's resurgence is a positive sign for the DeFi space. Other wrapped tokens could indeed fill the same role, but they need to establish a strong reputation and liquidity pool to compete with WBTC.

WBTC's resurgence is a great sign for DeFi. cbBTC, solvBTC, and LBTC have similar use cases, but they'll need to gain traction on their respective chains to fill the same role as WBTC on Ethereum.

WBTC's resurgence is a sign of DeFi's revival. If cbBTC, solvBTC, and LBTC can achieve similar market recognition, they could indeed play a significant role in the future of wrapped tokens.