The trend shows how some savvy crypto traders have pivoted to salvage or maintain returns even as bitcoin's price tumbled.
BitGo “unwrapped” over 11,600 WBTC last month.
Monthly value of minted WBTC grew 160% from August.
The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.
More than 92,000 bitcoins have been tokenized on Ethereum.
The firm claimed 14,654 WBTC in August following approval of its Compound collateral proposal.
Prices for ren, the token for the RenVM DeFi network, experienced a great week, as the demand for bitcoin rises on DeFi.
The decentralized finance craze is causing demand for tokenized bitcoin to surge.
Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin.
Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.