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kugusha π¦
@kugusha.eth
interesting data on cbBTC π 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)
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tomu
@tomu.eth
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 wonβt need to swap it to use on different platforms
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kugusha π¦
@kugusha.eth
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
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