We are thrilled to share our latest dashboard analyzing the wrapped tokens issued by 21.co. This dashboard will track the minting and burning of the underlying tokens in real time, offering a transparent overview of the health and growth of the 21.co Tokens.
21.co Tokens Dashboard: https://dune.com/21co/21co-tokens
All of our On-Chain Dashboards: https://dune.com/21co
TL;DR:
- 21.co has launched 8 Wrapped Tokens on Ethereum: By backing the underlying assets 1:1 at institutional-grade custodians, 21.co can wrap the assets not natively available on Ethereum to an ERC-20 token. The list of tokens includes 21ADA, 21BCH, 21BNB, 21BTC, 21DOT, 21LTC, 21SOL, and 21XRP.
- The dashboard has three main sections covering the key data points of 21.co Tokens: 1) Summary of 21.co Tokens; 2) Supply breakdown by 21.co Tokens; 3) 21.co Tokens Minting and Burning Transactions
Background:
21.co Wrapped Tokens represent a comprehensive suite of on-chain technology products spanning various EVM and non-EVM based networks, each supported by its respective underlying assets (1:1). The underlying for the 21.co Wrapped Tokens are held at independent institutional-grade custodians. For example, a single 21BTC is fully backed 1:1 with 1 Bitcoin. The minting and burning of these tokens are streamlined through Onyx, 21.co's proprietary operating system, providing a user-friendly and secure gateway to cross-chain liquidity.
In the dashboard below, you can track the total circulating units of each 21.co Wrapped Token, along with the total TVL backing the Index Coop Large Cap Index (ic21), which is an example of a use case of the 21.co Wrapped Tokens. In addition, anyone can monitor the minting and burning of the underlying tokens in real-time, offering a transparent overview of the health and reliability of the 21.co Wrapped Tokens.
Key Sections:
1. Summary of 21.co Tokens
Figure 1: Summary of 21.co Tokens
Source: 21co / Dune Analytics
The first section of the dashboard provides an overview of the 8 wrapped tokens issued by 21.co. Users can track the current TVL of each respective wrapped token. In addition, it also provides analytics on the historical TVL, dominance of the wrapped tokens, and the daily change in TVL.
2. Supply Breakdown by 21.co Tokens
Figure 2: 21.co Tokens Breakdown
Source: 21co / Dune Analytics
The second section of the dashboard provides in-depth analysis for users to track the change in the supply of each wrapped token. Users can get real-time data on the daily minting, burning, and net change of the 21.co Tokens.
3. 21.co Tokens Minting and Burning Transactions
Figure 3: 21.co Tokens Minting and Burning Transactions
Source: 21co / Dune Analytics
The last section of the dashboard tracks the minting and burning activities on a transaction level. Users can understand the impact on 21.co Tokens’ supply from each minting and burning transaction. For more details, users can click the hyperlink to analyze further on Block Explorers like Etherscan.
21.co Tokens Dashboard: https://dune.com/21co/21co-tokens
All of our On-Chain Dashboards: https://dune.com/21co
Disclaimer
The material contained on this website is for informational purposes only. The information presented on this website should not be construed as an offer or a recommendation to buy or sell any security or financial product discussed herein. Additionally, the material presented on this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Please consult your financial professional. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (1) general economic conditions, (2) performance of financial markets, (3) interest rate levels, (4) increasing levels of loan defaults (5) changes in laws and regulations and (6) changes in the policies of governments and/or regulatory authorities. Investors should carefully consider the investment objectives, risk, charges, and expenses of an investment product before investing. To obtain relevant offering documents, please visit 21Shares.com. Read the prospectus or other offering document(s) carefully before investing. Your use of this site signifies that you accept our Terms and Conditions of Use, including the Privacy Policy.
