Tokenized Bitcoin

Bitcoin traders are tokenizing the cryptocurrency to run on the Ethereum blockchain for extra yield.
Hunt for Yield: Wrapped BTC Now Holds More Than 1% of Bitcoin's Circulating Supply
The trend shows how some savvy crypto traders have pivoted to salvage or maintain returns even as bitcoin's price tumbled.
Bitcoin traders are tokenizing the cryptocurrency to run on the Ethereum blockchain for extra yield.

Wrapped Bitcoin mints and burns in December
Wrapped Bitcoin ‘Burns’ Outpaced Minting for the First Time in December
BitGo “unwrapped” over 11,600 WBTC last month.
Wrapped Bitcoin mints and burns in December

Top WBTC Merchants (Aug. 2020 v. Sept. 2020)
Record $616M of Wrapped Bitcoin Minted in September
Monthly value of minted WBTC grew 160% from August.
Top WBTC Merchants (Aug. 2020 v. Sept. 2020)

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Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here's Why
The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why.
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Total supply of bitcoins tokenized on Ethereum since Jan. 2020
Bitcoin Supply on Ethereum Tops $1B
More than 92,000 bitcoins have been tokenized on Ethereum.
Total supply of bitcoins tokenized on Ethereum since Jan. 2020

WBTC minted per merchant in Aug. 2020
Alameda Research Claimed Nearly 70% of Wrapped Bitcoin Minted in August
The firm claimed 14,654 WBTC in August following approval of its Compound collateral proposal.
WBTC minted per merchant in Aug. 2020

Winter wren
Ren Just Had a Great Week as Demand for Bitcoin on DeFi Rises
Prices for ren, the token for the RenVM DeFi network, experienced a great week, as the demand for bitcoin rises on DeFi.
Winter wren

Daily WBTC and BTC issuance since August 9
Bitcoins Are Being Tokenized Faster Than They’re Mined as DeFi Craze Continues
The decentralized finance craze is causing demand for tokenized bitcoin to surge.
Daily WBTC and BTC issuance since August 9

Monthly tokenized bitcoin supply growth since January 2020
Nearly $100M in Bitcoin Moved to Ethereum in July, Led by Retail Traders
Over 76% of tokenized bitcoin have been minted by Wrapped Bitcoin.
Monthly tokenized bitcoin supply growth since January 2020

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Nearly $60M in Bitcoin Moved to Ethereum in June
Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.
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