Blocked in the WBTC protocol 187 610 BTC - 1% coins in circulation – Bits Media

In the Wrapped BTC protocol (WBTC) tokenized 187 610 BTC worth about $6.2 billion. The growth of the BTC Etherium is caused by the boom of Defi sectors.

An increase in the number of bitcoins tokenized in WBTC noted
Bitgo Product Manager Kia Mosayeri (Kia Mosayeri). Bitgo – Castodian Protocol Wrapped Bitcoin, who launched the ERC-20 token BTC on Ethereum in January 2019 of the year.

I’m very proud to report that we have officially wrapped and brought 1% of all of Bitcoin’s circulating supply to #Ethereum via @WrappedBTC.

- KII MOSIER (@mosayer) June 7, 2021

According to Etherscan, Now the protocol is blocked 187 610 BTC worth about $6.2 billion. According to Coingecko, Now in circulation is 18.73 Million bitcoins. In this way, The Wrapped BTC protocol is blocked about 1% all coins in circulation.

Estimated
BTConEthereum, about 240 620 BTC worth $7.91 billion were tokenized in various protocols for use in the Ethereum. Wrapped Bitcoin clearly dominates the sector – 78% All bitcoins, tokenized on the Ethereum, posted in this protocol.

In second place in the number of tokenized bitcoins is Huobi BTC with 37 906 BTC, And in third place – Renbtc s 10 226 BTC. Synthetic BTC is blocked 1471 BTC, It is followed by IMBTC with 1169 BTC and TBTC with 916 BTC. The recent growth of the popularity of the strategy of profitable farming in Defi has become the main driving force of the growth of the sector.

Recall, that last fall in the blockchain of the Ethereum to ensure tokens were blocked
150 049 BTC, The dollar value of which exceeded $2 billion at the time at that time.