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10 Decentralized Finance Protocols Rule Over 52% of WBTC Circulation

As of October 22, 2023, there are 79,839 individual wallets holding WBTC. The circulating supply of WBTC tokens is 163,006, and the project's valuation is 4.88 billion USD. Since December 17, 2022, the circulating supply of WBTC has decreased by 12.31%, from 185,909 WBTC to the current 163,006 WBTC. In terms of market capitalization, WBTC ranks 16th.

The data shows that the leading addresses are managed by DeFi entities such as Aave, Compound, Arbitrum gateways, Polygon bridges, and Makerdao. The largest wallet, "0x9ff," is designated as "Aave: aWBTC Token V2" and holds 10.67% of circulating WBTC. In addition, the top ten WBTC accounts are all part of a DeFi protocol, jointly overseeing 52% of circulating WBTC.

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