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

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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.

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

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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.

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

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