Express
Supply Of Tokenized Bitcoin On Ethereum Surpasses $1 Billion Worth
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
Tags: Bitcoin,BTC,Ethereum,Yield Farming
Link: Supply Of Tokenized Bitcoin On Ethereum Surpasses $1 Billion Worth [Copy]