Interoperability, ecosystem growth, and strategic adoption

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Coinbase selects which assets to wrap based on internal metrics like platform presence, holder count, trading volume, and market activity.
Coinbase has launched five wrapped tokens on its Ethereum Layer 2 network, Base, starting with cbBTC in September, 2024, followed by cbXRP and cbDOGE in early June 2025, and most recently cbADA and cbLTC.
Wrapped crypto assets such as the wrapped Cardano (cbADA) and wrapped Litecoin (cbLTC), launched by Coinbase, enable interoperability by allowing Cardano (ADA) and Litecoin (LTC) to be used in Ethereum-based DeFi apps such as Uniswap, PancakeSwap and Aerodrome, as well as in lending protocols such as Aave, Compound, and Morpho.
Circulation of wrapped Cardano (cbADA) and wrapped Litecoin (cbLTC) has contributed to Base's total value locked surpassing $3 billion.
Token circulation for wrapped Cardano (cbADA) and wrapped Litecoin (cbLTC) has surpassed 2.9 million and 11,300 respectively since their launch by Coinbase on Base, its Ethereum Layer 2 network.

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