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According to the data recorded on December 28, there are approximately 434,265.43 Bitcoin tokens linked to or packaged with Bitcoin in multiple blockchains, valued at more than 21.3 billion U.S. dollars. There are currently ten different Bitcoin-linked projects, and the Wrapped Bitcoin project accounts for 59.66% of all tokenized Bitcoins in circulation.
Nearly 500,000 tokenized bitcoins are circulating on multiple blockchains, and parcel bitcoins dominate 59%
By the end of 2018, when contemporary monetization really began to heat up in the encryption field, many different projects launched token agreements linked to Bitcoin. Bitcoin.com news on January 30, 2018 Report About the Wrapped Bitcoin (WBTC) project launched on Ethereum.
As of the end of July 2019, WBTC Overshadowed The total value locked by the Lightning Network (LN). Today, WBTC is the largest Bitcoin (Bitcoin)-Pegged token project with 259,090 Bitcoin Circulate on the Ethereum network.
Statistics show that there are seven BTC-linked projects on Ethereum, and the seven projects control a total of 323,264 projects Bitcoin Total value lock (TVL).The second largest tokenization Bitcoin The protocol on Ethereum is HBTC, with 39,884 Bitcoin.
HBTC is followed by RENBTC (17,054), SBTC (4,203), IMBTC (1,317), PBTC (888) and TBTC (828). Therefore, 323,264 Bitcoin The TVL held by Ethereum accounts for 74.43% of the total BTC-linked tokens in circulation today.
BTCB dominates 24%, the tokenized bitcoin issued by Blockstream circulates, and RSK accounts for 1.35% of today’s total tokenized bitcoin
There is another tokenization Bitcoin Utilizing the Binance Smart Chain (BSC) protocol called BTCB, which is slightly lower than WBTC in terms of TVL. At the time of writing, there were approximately 105,115.44 BTCB in circulation on December 28.
The fully diluted market value of BTCB is approximately US$5.52 billion, and the global trade volume is US$43.6 million. The most active exchanges currently exchanging BTCB include Hitbtc, Pancakeswap v2, Thorchain and Pancakeswap v1.
There are two other tokenized Bitcoin Projects operated by Blockstream and RSK.Today, RSK has 2,522 RBTC in circulation, which is also supported by 95 exahash per second (EH/s) Bitcoin Computing power.
At the time of writing, Blockstream’s joint sidechain Liquid has approximately 3,363.99 LBTC in circulation. The tokenized bitcoin in circulation in RSK is approximately 124 million U.S. dollars, while Liquid’s LBTC is valued at 165.4 million U.S. dollars.
Liquid’s LBTC is only 0.77% of the total tokenization Bitcoin Circulate in ten agreements today. RBTC is even lower because its RBTC assets account for only 0.58% of the total of 434,265.43.Current trajectory in all tokenizations Bitcoin Today’s project will soon have about 500,000 tokenized projects Bitcoin Use several alternative chains.
What do you think of the 434K tokenized Bitcoin in circulation today? Please tell us your thoughts on this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, explorer.rsk.co, Dune Analytics, Liquid.net, Coinmarketcap.com,
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.
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