WBTC Supply on Solana Hits Record 9,270 Tokens Worth Over $1.03B

Data from SolanaFloor shows Wrapped Bitcoin holdings on Solana have reached an all-time high in both supply and market value.

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Terms & Concepts
  • Wrapped Bitcoin (WBTC): A tokenized version of Bitcoin that exists on other blockchains, fully backed by Bitcoin and enabling BTC transactions and DeFi use outside the Bitcoin network.
  • Solana Blockchain: A high-performance blockchain known for its fast transaction speeds and low fees, supporting decentralized applications and token issuance.
  • On-chain Market Value: The total value of a cryptocurrency based on its supply and current on-chain price data, calculated directly from blockchain records.