Ethereum Now has Over 100K Tokenized Bitcoins

Ethereum Now has Over 100K Tokenized Bitcoins

By Abhimanyu Krishnan | News | 15 Sep 2020

The total number of tokenized Bitcoin (BTC) on the Ethereum (ETH) blockchain has crossed 100,000 according to data from DeFi data portal DeFiPulse.

  • The total tokenized BTC on Ethereum crossed 100k on September 15, equivalent to $1.07 billion
  • According to data analytics platform Dune Analytics, Wrapped Bitcoin (WBTC) accounts for 65% of the total BTC on Ethereum, followed by renBTC and hBTC with 24.5% and 5.47% respectively
  • The amount of wBTC on Ethereum has jumped by more than 100% in just one month, with BTC on Ethereum numbering at less than 40,000 on August 15
  • Curve Finance (CRV) accounts for most tokenized Bitcoin trades, followed by Aave and Balancer
  • The amount of BTC on Ethereum accounts for 0.419% of Bitcoin's 21 million total supply

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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