The WBTC protocol contains 1% of all bitcoins

- Advertisement -

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.

WBTC with $ 5.96 billion of blocked funds (TVL) ranks fifth in the rating of Ethereum projects of the DeFi Llama platform.

- Advertisement -

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.

- Advertisement -

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

- Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles