币界网报道：Coinbase's newly launched Bitcoin layer-2 solution, "cbBTC," has surged to capture 25.1% of the wrapped Bitcoin market share within weeks of its debut, according to blockchain analytics firm Nansen. The platform, designed to facilitate faster and cheaper Bitcoin transactions while maintaining security through Coinbase's institutional-grade custody, now holds over $1.5 billion in Bitcoin reserves. This rapid adoption positions cbBTC as a strong competitor to established players like WBTC, which currently dominates with 62% market share but has seen a slight decline. Analysts attribute cbBTC's growth to Coinbase's trusted brand among retail and institutional investors, as well as its seamless integration with the exchange's existing ecosystem. The wrapped Bitcoin sector, valued at over $10 billion, continues to expand as DeFi users seek Bitcoin exposure across Ethereum and other smart contract platforms. Coinbase plans to enhance cbBTC's utility by adding support for additional blockchain networks and DeFi applications in Q4 2023. Meanwhile, competitors like tBTC and hBTC are also gaining traction, signaling intensified competition in the Bitcoin interoperability space. Industry observers note that cbBTC's success could accelerate institutional adoption of Bitcoin in DeFi, particularly as regulatory clarity improves in key markets. The product's early performance suggests strong demand for regulated, exchange-backed solutions in the decentralized finance sector.