As the website btconethereum.com showed, the supply of tokenized Bitcoins on the Ethereum blockchain has reached the highest value since its creation.

Now, the market value of tokenized Bitcoins is more than $ 1 billion, with more than 94,000 tokens issued.

Bitcoin can be tokenized on Ethereum in a number of ways, with various tradeoffs, including different levels of decentralization and assumptions of trust.

The website lists 7 types of tokenized Bitcoins, the most expressive of which is WrappedBTC (wBTC), with more than 68 thousand tokens issued and a market capitalization of US $ 683 million.

In addition, RenBTC (22.4 thousand Tokens) is listed; HBTC (4.8 thousand Tokens); sBTC (3.1 thousand Tokens); ImBTC (1.2 thousand Tokens); pBTC (135 Tokens); and the inexpressive TBTC, with only $ 163 issued.

These tokenized Bitcoins are paired 1: 1 with Bitcoin, but they may eventually clash in price, as happened with the wBTC that in late August 2019 passed the range of $ 40 thousand dollars.

On that same day, for example, real Bitcoin was quoted at approximately $ 9,600.

With the growth of the DeFi protocols, the number of tokenized Bitcoins has grown, which have been widely used in the field of Yield Farming.