“Rise and Fall of Wrapped Bitcoin: A Tale of Crypto Adaptation in DeFi”

In the fast-paced world of cryptocurrencies, Wrapped Bitcoin (wBTC) has emerged as a fascinating concept, allowing Bitcoin holders to participate in the thriving decentralized finance (DeFi) ecosystem on the Ethereum blockchain. However, its journey has been filled with twists and turns, shaped by market trends, bearish cycles, and scalability concerns.