According to Mars Finance, IntoTheBlock published an article on the X platform saying that Bitcoin staking has just started, and the current market value of staked Bitcoin is less than 1% of the market value of wrapped Bitcoin (wrapped BTC) tokens. In the coming weeks, more wrapped tokens (such as WBTC and cbBTC) are expected to be borrowed in exchange for Bitcoin staking tokens.
IntoTheBlock: The current market value of staked Bitcoin is less than 1% of the wrapped Bitcoin token
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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