Author Topic: $700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchai (Read 1330 times)

MRM · « **on:** September 08, 2020, 06:18:05 AM »

According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC.

Synthetic bitcoin (BTC) has grown massively in recent weeks and since news.Bitcoin.com’s last report on the subject, there was 38,021 BTC circulating on the Ethereum chain.
Source: https://news.bitcoin.com/700-million-worth-of-synthetic-bitcoin-is-circulating-on-the-ethereum-blockchain/

Altcoins Talks - Cryptocurrency Forum · « **on:** September 08, 2020, 06:18:05 AM »

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highnayem34 · « **Reply #1 on:** September 09, 2020, 08:29:16 AM »

Since then, that metric has jumped more than 83% as there’s now 69,836 synthetic bitcoin tokens in the wild on September 7, 2020. Dune Analytics shows there are seven synthetic BTC projects but tBTC has zero coins minted, while the other six projects have between 45 BTC to over 40,000.

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Author Topic: $700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchai (Read 1330 times)

MRM

$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchai

Altcoins Talks - Cryptocurrency Forum

$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchai

highnayem34

Re: $700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchai