Cryptocurrency trading platform Coinbase’s product, cbBTC, which is a wrapped version of Bitcoin on the Ethereum mainnet and the Base Chain, now stands at 1,720 tokens, valued at approximately $99,630,000. This figure highlights the popularity of cbBTC in the market and its potential as an asset in decentralized finance (DeFi). A total of 991 cbBTC tokens are issued on the Ethereum mainnet, while the Base Chain hosts 729 tokens. As a blockchain-based cryptographic asset, cbBTC offers different investment opportunities and liquidity compared to traditional financial markets. With more users and institutions joining the DeFi ecosystem, the issuance volume and influence of cbBTC are expected to grow further.