The demand for WBTC has been soaring lately. Here’s why.
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Quick Take
- The outstanding supply of WBTC, which accounts for nearly 80% of the total tokenized bitcoin in circulation, has seen a 632% increase since May.
- High demand for the token paired with high interest rates for lending it out can be particularly appealing to speculators.
The outstanding supply of WBTC, which accounts for nearly 80% of the total tokenized bitcoin in circulation, has seen a 632% increase since May.
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