According to Dune data, the circulating supply of Coinbase's wrapped Bitcoin, Coinbase Wrapped BTC (cbBTC), has for the first time surpassed 40,000 coins, currently reported at 40,884 coins, with an increase of over 1,900 coins in the past month.
cbBTC's current market capitalization is approximately $3.89 billion, and its share in the wrapped Bitcoin market is continuously expanding, with a current market share of 22.7%, second only to wBTC.
