The volume of BTC tokenized in Ethereum began to decline

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Объем токенизированных в Эфириуме BTC начал снижаться

Over the past two weeks, the cost of BTC Etherium has decreased approximately by $120 million, Despite the growth of the Bitcoin course. This may be due to a decrease in interest in Defi.

Over the past twelve days, the number of BTC -tokenized in the Ethereum has decreased 153 591 BTC 20 November BC 147 350 BTC today – Reduced on 6 421 BTC or around $120 million. The volume of bitcoins blocked in the etherium has increased sharply, When in July the defi boom began.

In July, equivalent $180 Milln bitcoins were blocked
In the Ethereum blockchain - mainly in WBTC tokens, sBTC и renBTC. In September, the amount of tokenized
BTC has grown before $1 billion, And in October this indicator exceeded
$2 billion.

However, in November, the number of bitcoins, blocked in Ethereum, It began to fall. for instance, 1 June was 4 000 Wrapped Bitcoin, Their number reached the peak 9 November - 124 260 WBTC, But since then it has fallen to 119 893 WBTC. The cost of these WBTC has increased to $2.3 billion, and the amount decreased by 4 367 WBTC.

The BTC output from the blockchain of Ethereum coincided with the increase in bitcoin price and short -term overcoming
historical maximum. Besides, Interest in the Defi industry is reduced. Traiders withdraw their BTC from Defi smart contracts and sell them on exchanges.

“In September, most of the liquid BTC has already been transferred to the Ethereum blockchain for Pharmination. In October, the influx of new bitcoins was from those, who was "late for the party" earlier, And who was still satisfied with the lower profitability ", – Explained the commercial director and co -founder of Paxful Arthur Shabak (Artur Schaback).

Meanwhile, the Defi industry is increasingly faced with scammers and hackers. This week project Compound Finance has stopped
to exist - its founders gathered $10.8 Milln and disappeared with the money of users. Last month, hackers hacked the Pickle Finance project and withdrew $ 19.7 million in DAI tokens. And in September, the organizers of the Defi Yfdex.finance project stole $ 20 million in cryptocurrencies.