Express

Supply Of Tokenized Bitcoin On Ethereum Surpasses $1 Billion Worth

Emily Mason

Summary: The total supply of tokenized Bitcoin on Ethereum surpassed $1 billion worth earlier on Thursday, September 17, as reported by Coindesk. The total supply of tokenized bitcoin on Ethereum passed 92,600 on Thursday, constituting 0.42% of the total BTC supply. In January the figure stood at less that $7 million worth. Wrapped Bitcoin represents over ...

The total supply of tokenized Bitcoin on Ethereum surpassed $1 billion worth earlier on Thursday, September 17, as reported by Coindesk.

The total supply of tokenized bitcoin on Ethereum passed 92,600 on Thursday, constituting 0.42% of the total BTC supply. In January the figure stood at less that $7 million worth.

Wrapped Bitcoin represents over 65% of the total tokenized BTC supply. Sam Bankman-Fried, CEO of FTX and co-founder of Alameda Research, said over the counter demand is one factor driving the increased supply especially as yield farming has gained popularity.

By Emily Mason

Last Update:

Tags: ,,,
Link: Supply Of Tokenized Bitcoin On Ethereum Surpasses $1 Billion Worth   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 9 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago

    • You need to login to comment.