Coinbase Wrapped Bitcoin (cbBTC) has reached a circulating supply of 20,261 tokens, according to Dune Analytics. This development marks a significant milestone for the project, which aims to provide a more accessible and flexible way to interact with Bitcoin on the Ethereum blockchain. The increased adoption of cbBTC could potentially impact the overall dynamics of the cryptocurrency market, as it offers users the ability to engage with Bitcoin in innovative ways that are not possible through traditional methods.
