Wrapped Bitcoin , a wrapped version of Bitcoin developed by BitGo, Kyber Network, and Ren, continues to dominate the tokenized BTC market despite criticism around the project, according to Binance Research’s latest monthly report.
Weeks after the community members’ criticism, other companies emerged with their wrapped Bitcoin tokens. A popular one is Coinbase’s cbBTC, a wrapped BitcoinAnother issue from the market report is that Ethereum is currently leaning toward inflation. In the past month, its inflation reached a level not seen in two years.
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