Base

interesting data on cbBTC 🟠
total supply: 3887 BTC across two chains 
on Base - 1489.6, on Eth - 2397.4

number of holders: 75k on Base, 1k on Eth 
unique addresses with >2 BTC: 46 on Base, 38 on Eth (incl. protocols like Morpho, Moonwell)

maxxing on /morpho 🦋 | pursuing a higher self w /higher-athletics | consistently curious

CEO - Media3 Labs | Join us at /scoop3, an onchain podcast player | Host of The Blockchain Experience podcast /theblockexp | Ex-Samsung | Ex-Hewlett-Packard

in Morpho you could borrow against cbBTC for now, there’re a few WVTC vaults on Eth though

Hmm, maybe it’s because I’m on mobile, but I couldn’t find the vault that takes cbBTC deposits

there's only 2k accounts with $10 usd (in cbbtc) balance though on Base. I'm struggling to understand where the other 70k with close to 0 balances came from. 

WBTC/cbBTC is a popular pair on Eth and it makes sense that people are looking for alternatives due to BitGo drama. On Base it seems more of a diversification from Eth

having fun onchain | writing nf.td/tomu founded overgie.com mintgate.io 

base users diversify more, i like that

there are also plenty of trades from cbBTC to WBTC. i guess as cbBTC gets more widely adopted, users won’t need to swap it to use on different platforms

uh, not much traction yet

ig most probably wait for the proof of reserves (?) or what could be a reason? i expected this to be much higher tbh

So normal users are on Base and big money on Eth

boring

Nah fr BTC being on base is insane, the dapp /boring is fuqin clutch to with like essentially DCA constantly into BTC now because of base.