The total volume of bitcoins blocked in the DeFi-protocol Wrapped Bitcoin (WBTC) reached 187 610. This is 1% of the total market supply of the first cryptocurrency.
Total circulation of WBTC amounts to 187,610, accounting for about 1% of the total Bitcoin circulation, which means that 1% of the current Bitcoin circulation has entered Ethereum through WBTC. pic.twitter.com/Yg74JGDQNJ
– Wu Blockchain (@WuBlockchain) June 8, 2021
WBTC with $ 5.96 billion of blocked funds (TVL) ranks fifth in the rating of Ethereum projects of the DeFi Llama platform.
Rating of DeFi protocols in the Ethereum ecosystem by TVL. Data: DeFi Llama.
At the time of writing, the aggregate market supply for bitcoins on air is 236,885, according to Dune Analytics. This is over 3% of the Ethereum market value.
Data: Dune Analytics.
Positive dynamics in the segment has been observed since the beginning of this year, with the exception of a few weeks in February.
The share of WBTC in the segment of tokenized bitcoins is 78.3%, HBTC – 15.8%, renBTC – 4.33%. The market positions of the latter have been declining since October 2020.
Recall that the volume of blocked funds in the Ethereum 2.0 deposit contract reached the equivalent of 4.49% of the market offer of the second largest cryptocurrency by capitalization