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Wrapped Bitcoin Staking Gains Traction: New Players Emerge In The Market

  • 6% of all wrapped Bitcoin is being staked through various yield protocols, indicating a growing trend in the market.
  • $WBTC and $BTCB dominate the wrapped Bitcoin sector, accounting for over 81% of the total supply.
  • New players such as $SolvBTC, $LBTC, and $BBTC are gaining traction and challenging the market leaders.
  • The emergence of these newer tokens reflects a shift in the market dynamics towards liquidity and maximizing returns.

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