Coinbase, a leading cryptocurrency exchange based in the US, has announced that it will be bringing its wrapped version of Bitcoin (cbBTC) to the Solana blockchain. During the Solana Breakpoint 2024 event, Coinbase executive Hasan Ahmed expressed excitement about introducing cbBTC to Solana, as the exchange’s users are fond of the platform. Coinbase recently launched cbBTC on their Ethereum layer-2 solution called Base, which allows developers to build applications without being burdened by high gas fees. The token, backed by Bitcoin, provides BTC holders with access to decentralized finance (DeFi) protocols on the Base and Ethereum blockchains. cbBTC is compatible with various DeFi protocols such as Aave, Curve Finance, and Compound Finance. The market capitalization of cbBTC has surged to $171 million, with a significant increase from $97 million on September 16th. The current trading price of the top crypto asset by market cap is $63,718, reflecting a 1.21% increase in the last 24 hours.