According to Kaiko, Coinbase wrapped BTC (cbBTC) has captured 29.8% of the wrapped BTC market share after being live for over a year. Meanwhile, wBTC's market share has dropped by 26%, falling from near-monopoly levels to 41.6%. Binance's BTCB has a total locked value of $5.25 billion, with its market share remaining stable but almost entirely confined to Binance Smart Chain. Out of cbBTC's total locked value of $6.32 billion, $3.05 billion is held on Morpho, serving as the collateral foundation for Coinbase BTC-backed on-chain lending products, with the rest distributed across various lending protocols. https://(wublock123.com)/news/kaiko-cbbtc-captures-29-8-percent-of-wrapped-btc-market-61738