According to BlockBeats, on July 22, according to Dune data, the circulation supply of Coinbase Wrapped BTC (cbBTC) launched by Coinbase reached 53,822 pieces, an increase of more than 7,300 pieces in the past month. The market value of cbBTC exceeded US$6 billion for the first time and is now reported at US$6.3 billion, ranking second in the market share of wrapped Bitcoin, with a market share of 26.2%, second only to wBTC.