Circle's cirBTC Hits $301.9M Market Cap, 83.2% Concentrated on Arc
- —cirBTC market cap reached $301.9M
- —DeFi deposits on Arc totaled $252.9M
- —Arc accounts for 83.2% of cirBTC market cap
- —91.4% of cirBTC DeFi deposits are on Arc
Why it matters: cirBTC's growth signals rising demand for wrapped Bitcoin in DeFi and Arc's emergence as a hub for tokenized assets.
Source: Coinfomania