Why is cbETH worth more than ETH?

Could you please explain why cbETH commands a higher value than ETH? Is it due to its unique features or market dynamics? Also, how does the demand for cbETH compare to that of ETH in the cryptocurrency market? I'm curious to know what factors contribute to the pricing difference between these two assets. Additionally, how does the supply of cbETH affect its value? Could you elaborate on the underlying reasons for this price difference?