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Coinbase Wrapped ADA

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Participation Ratio

Measures the number of unique accounts posting on a stream relative to the number of total messages on that stream.
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AboutCoinbase Wrapped ADA ("cbADA") is a token that is backed 1:1 by native Cardano (ADA) held by Coinbase, meaning that for all cbADA in circulation, there is an equivalent amount of ADA held in a secure custody solution (including cold storage) provided by Coinbase. Wrapped assets, like cbADA, are transferable tokens that are redeemable for the underlying asset. Coinbase customers can unwrap cbADA and redeem a corresponding amount of the underlying ADA simply by depositing the cbADA into their Coinbase accounts. cbADA is built to be seamlessly compatible with DeFi applications, giving customers the option to tap into DeFi and unlock financial utility. cbADA removes a key point of friction by allowing customers to use ADA they already hold in new ways onchain. cbADA is built to be seamlessly compatible with DeFi applications, so users can now tap into novel DeFi use cases like providing their ADA as liquidity to DeFi protocols, using it as collateral to borrow other crypto assets, or spending it as a payment method. Wrapped assets like cbADA are a mature concept in the crypto world, helping to bring more liquid assets onchain and facilitate an expansive financial ecosystem.Show More
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Base EcosystemDecentralized Finance (DeFi)Wrapped-Tokens
Date
Market Cap
Volume
Close
September 05, 2025
$0.00
$454,508.45
---
September 05, 2025
$0.00
$409,615.06
---
September 04, 2025
$0.00
$387,011.62
$0.84
September 03, 2025
$0.00
$685,188.24
$0.83
September 02, 2025
$0.00
$1.89M
$0.80
September 01, 2025
$0.00
$515,247.04
$0.81
August 31, 2025
$0.00
$756,099.22
$0.82
August 30, 2025
$0.00
$1.28M
$0.83
August 29, 2025
$0.00
$859,168.08
$0.86
August 28, 2025
$0.00
$1.06M
$0.85

Poll

September has historically been the worst month for crypto. Will 2025 break the trend?
Yes, Bitcoin finishes higher
No, Bitcoin drops again
Flat / no big move

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