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Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Cinno3 on October 31, 2020, 07:30:56 PM

Title: Almost 1% of all Bitcoin in circulation is now used on Ethereum
Post by: Cinno3 on October 31, 2020, 07:30:56 PM

One of the biggest focuses of this past year in DeFi has been the rapid rise of Wrapped Bitcoin, tBTC, and other projects that allow investors to deposit their BTC in exchange for an Ethereum-based token representing a claim on that Bitcoin.

While previously seen as a novelty only used by KYC-ed users looking for a faster way to transact Bitcoin, it is becoming clear that this is not the case.
More: https://cryptoslate.com/almost-1-of-all-bitcoin-in-circulation-is-now-used-on-ethereum/