Solana SOL’s DeFi Ecosystem Gets a Boost with Coinbase-Wrapped Bitcoin Integration
Coinbase has launched its wrapped Bitcoin (cbBTC) on Solana to strengthen its DeFi ecosystem.
cbBTC is backed 1:1 by Bitcoin and will work on several decentralized protocols.
Solana’s DeFi has grown significantly in 2024, with its total value locked (TVL) rising by 250%.
cbBTC competes with other wrapped Bitcoin tokens…
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