Wrapped Bitcoin tops $1B after 900% increase in two months

The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular Bitcoin (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion.

The milestone comes four weeks after the TVL of all Bitcoin tokenized on Ethereum (ETH) surpassed $1 billion for the first time . The current TVL of tokenized Bitcoin is nearly $1.5 billion, of which WBTC currently represents one-third.

Wrapped Bitcoin is now the fifth-largest DeFi protocol in terms of TVL, representing nearly…


Source link

About bitcoin

Check Also

Commodity Analyst: ‘I Don’t See What’s Going to Stop Bitcoin From Appreciating’

A senior strategist with Bloomberg Intelligence says that he does not see what’s going to …

Leave a Reply

Your email address will not be published. Required fields are marked *