BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

March 17, 2024 Bitcoin.com

bitcoin.com

Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. […]

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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days

January 20, 2023 Bitcoin.com

Altcoins

Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions The […]

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Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

November 26, 2022 Bitcoin.com

Apeswap

This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the number has dropped by more than 15% down to 225,962 WBTC. Similarly, the quantity of tokenized […]

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Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months

July 24, 2022 Bitcoin.com

3 Months

Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number […]

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Moving $25 Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in Existence

November 5, 2021 Bitcoin.com

Moving Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in Existence

/r/btc

As the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 […]

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Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol

July 27, 2021 Bitcoin.com

alex

According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal. Trust-less Native Bitcoin Swap Executed With an NFT Called ‘Boombox’ On July 23, a […]

Wrapped BTC