Coinbase cbBTC Swap Demand Surges
The demand for swapping Coinbase's cbBTC continues to rise, with notable metrics:
- **Pool utilization** reaches 150%
- **Unincentivized APR** stands at 7.6%
This trend has persisted for at least two days, indicating sustained interest in cbBTC swaps. The high pool utilization suggests increased trading activity, while the attractive APR may draw more liquidity providers to the pool.
Traders and investors should monitor these metrics closely, as they may impact swap costs and potential earnings from providing liquidity.