There is Now $1B Worth of Bitcoin on Ethereum

There is Now $1B Worth of Bitcoin on Ethereum

By Abhimanyu Krishnan | News | 18 Sep 2020


The total number of Bitcoin (BTC) on Ethereum (ETH) has crossed over $1 billion, as wrapped Bitcoin and other forms of tokenized Bitcoin increase in popularity with the advent of DeFi goldrush.

  • There is currently 99,347 BTC on Ethereum as of September 18, totaling at $1.088 billion
  • Wrapped Bitcoin (WBTC) leads the pack with 69,624 tokenized Bitcoin, followed by renBTC (20,014 BTC) and HBTC (4,810)
  • WBTC represents roughly 65% of all tokenized Bitcoin supply
  • The launch of Uniswap’s governance token UNI, which features a ETH-WBTC liquidity pool, has directly contributed to a spike in tokenized Bitcoin

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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