Over 73, 000 Bitcoins are Now Locked on the Binance Smart Chain (BSC)

There are now more than 73, 600 bitcoins currently wrapped and locked onto the Binance Smart Chain (BSC), according to the latest on-chain analytics.

Wrapped Bitcoin (wBTC) on Ethereum currently accounts for the third largest asset in total value locked (TVL) in the DeFi ecosystem.


SEE ALSOEthereum Flips Bitcoin by Active Addresses As DeFi Growth Remains Unabated


Below are some of the latest stats when it comes to bitcoin on DeFi protocols:

  • 1% of all circulating bitcoin supply has now been wrapped into $wBTC and brought onto the Ethereum ecosystem
  • 73, 601 bitcoins are now locked on the Binance Smart Chain (BSC)
  • 13.5% of all wBTC is already on the Polygon Layer 2 protocol

Recently, the chain celebrated 700 million transactions demonstrating its impressive achievements so far.


RECOMMENDED READINGApproximately 90% of All On-Chain Activity on Ethereum was from UniSwap, May 2021 Dapp Report Reveals


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