IntoTheBlock: The current pledged Bitcoin market value is less than 1% of the encapsulated Bitcoin token

According to an article by IntoTheBlock on the X platform, staking Bitcoin has just begun, and the current market value of staking Bitcoin is less than 1% of the market value of wrapped BTC tokens. In the coming weeks, it is expected that more wrapped tokens (such as WBTC and cbBTC) will be borrowed in exchange for Bitcoin staking tokens.