According to ai_9684xtpa monitoring, the current WBTC has supported the Ethereum/Base/Kave/Osmosis/Tron network, of which the Ethereum mainnet accounts for 99.8%, and as of today 154,726 WBTC (worth 9.45 billion US dollars) have been minted, accounting for 0.78% of the total market value of Bitcoin. According to Dune panel data, more than 41% of WBTC is currently used in the lending ecosystem, of which the largest use case (acceptant) is MakerDAO, and nearly 32% is used for direct transactions. It is reported that WBTC (Wrapped Bitcoin) is an ER20 token issued on the Ethereum network, and its value is pegged to Bitcoin one-to-one; each WBTC has a corresponding Bitcoin as a reserve, which is managed by a custodian (currently Bitgo) to ensure that WBTC holders can exchange it for Bitcoin at any time. WBTC was first proposed in 2017 and officially released a white paper and put into use in 2019. By 2020, the scale of locked BTC has exceeded 2.10 billion US dollars, which is a well-deserved bridge between Bitcoin and Ethereum. Previously reported, MakerDAO plans to launch a proposal to reduce the size of WBTC collateral in the August 12 executive vote