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More than $1B in Bitcoin has been tokenized for DeFi



  • Almost 100,000 Bitcoin are now tokenized on Ethereum, more than half of which have migrated over the past 30 days.

  • More than $1 billion worth of Bitcoin (BTC) has now been tokenized to access decentralized finance protocols on the Ethereum network.

  • That's equivalent to the entire total value locked, or TVL, in DeFi less than four months ago.

  • By contrast, the Lightning Network has only attracted 1,100 Bitcoin worth $11.5 million since launching in March 2018.

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