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