1. Wrapping up September with a fresh look at Wrapped BTC (wBTC) supply on @solana! đ
Comparing month-end figures, wBTC supply grew from 3.24K on Aug 31 to 3.60K by Sep 30, while cbBTC saw an even sharper rise.
Letâs dive into the shifts in BTC liquidity and market share on Solana.
2. Wrapped BTC holder count on Solana just hit a new all-time high! đ
Over 55K wallets hold $WBTC and nearly 49K hold $cbBTC at the close of Septemberâmarking the strongest month ever for adoption.
This growth underlines strengthening confidence in Solanaâs BTC ecosystem.
3.Average BTC holding per wallet on Solana is showing signs of reversalâup to 0.086 BTC as of September 30.
After a long period of decline, this uptick hints at renewed accumulation or larger deposits moving onchain. Tracking if this trend continues next month!
4. Wrapped BTC is making its mark on @solana perpetuals!
By the end of September, @JupiterExchange dominates with $292.8M TVL, followed by Drift at $17.6M and Flash at $2.7M.
Significant TVL growth reflects rising demand for BTC-backed perp trading onchain.
5. DEX action for wrapped BTC remains strong on Solana. cbBTC leads DEX TVL with $21.05M, followed by $WBTC at $8.27M and xBTC at $6.46M.
Notably, @orca_so holds the crown with a commanding 63.7% market share among DEXs, underscoring its role as the top liquidity venue for BTC tokens.
6. Wrapped BTC transfer volumes on Solana rebounded in September, with aggregate activity rising across multiple token types.
While cbBTC and WBTC drive the bulk of cross-platform BTC flows, recent months show growth in both aggregate and diversified wrapped BTC movement. More liquidity, more action.
7. BTC-USDC and BTC-SOL pools continue to dominate wrapped BTC trade volume on Solana, with $894M and $441M traded in September.
BTC-BTC pairs arenât far behind at $361M, while the rise of other pairs like jitoSOL and ETH reflects growing onchain diversity.
8. cbBTC and WBTC continue to lead trade volumes among wrapped BTC assets on @solana in September, reaching $1.29B and $607M respectively.
Other wrapped BTC flavors like zBTC, xBTC, and LBTC are building momentum but remain smaller players for now.
Diversification in BTC tokens is picking up steam!
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