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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