$2 Billion BTC Now on Ethereum’s Blockchain
The rising price of Bitcoin has coincided with a surge in migration of BTC to Ethereum’s blockchain.
According to data compiled by Dune Analytics, more than $2 billion worth of Bitcoin is now on the Ethereum network. Ethereum-based Bitcoin accounts for nearly 0.7% of the total 21 million max supply for Bitcoin, and these 150,049 bitcoins are equivalent (at the time of writing) to 4.7% of the market cap of Ethereum.
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