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?

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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.