cbBTC circulation supply exceeds 40,000, and market share exceeds 20%

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On May 4th, according to Dune data, the circulating supply of Coinbase Wrapped BTC (cbBTC) reached 40,884, increasing by over 8,000 in the past month. The current market capitalization of cbBTC is approximately $3.892 billion, ranking second in the wrapped BTC market with a market share of 22.8%, second only to wBTC.

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