{"id":269476,"date":"2021-06-08T09:33:10","date_gmt":"2021-06-08T06:33:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/1-of-bitcoins-supply-has-been-locked-in-the-wbtc-protocol\/"},"modified":"2021-06-08T09:33:10","modified_gmt":"2021-06-08T06:33:10","slug":"1-of-bitcoins-supply-has-been-locked-in-the-wbtc-protocol","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/1-of-bitcoins-supply-has-been-locked-in-the-wbtc-protocol\/","title":{"rendered":"# 1% of Bitcoin\u2019s supply has been locked in the WBTC protocol"},"content":{"rendered":"<p>&#8220;<strong># 1% of Bitcoin\u2019s supply has been locked in the WBTC protocol <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvY2VlNjFmNWMtNjQzNi00YjYxLTgyNGQtYmJmZTc3NGNkM2EyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>One percent of Bitcoin\u2019s circulating supply is currently tokenized as Wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed BTC (WBTC), equating to nearly $6.2 billion worth of BTC.\u00a0<\/p>\n<p>The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri, who tweeted the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> on June 7. BitGo is the custodian for the Wrapped Bitcoin protocol, which was launched its Bitcoin-backed ERC-20 token WBTC on Ethereum in January 2019.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1% of all BTC has been wrapped into <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24WBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WBTC<\/a>! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jOi0LZZUyi\">https:\/\/t.co\/jOi0LZZUyi<\/a><\/p>\n<p>\u2014 WBTC (@WrappedBTC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WrappedBTC\/status\/1401928139853361159?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>According to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/token\/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599\"> Etherscan<\/a>, there are currently 187,610 Bitcoins wrapped on the protocol, equating to a fully diluted market capitalization of $6.18 billion. The current circulating supply of BTC is nearly 18.73 million, according to CoinGecko, confirming the 1% milestone.<\/p>\n<p>BTConEthereum <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/btconethereum.com\/\">estimates<\/a> there are 240,620 Bitcoins that have been tokenized across various protocols for use on Ethereum, representing a combined capitalization of $7.91 billion. Wrapped Bitcoin exerts a clear dominance over the sector, representing 78% of all Bitcoin tokenized on Ethereum. <\/p>\n<p>Other leading Bitcoin tokenization protocols include second-ranked Huobi BTC with 37,906 BTC or 15.7% of the Bitcoin&#8217;s supply, and the third-ranked RenBTC with 10,226 tokenized BTC. Synthetic BTC also holds 1,471 BTC, followed by imBTC with 1,169 Bitcoin, and TBTC with 916 BTC.<\/p>\n<p>The recent proliferation of yield farms and interest-bearing Ethereum-based DeFi protocols supporting tokenized BTC has been the primary force driving the sector\u2019s growth.<\/p>\n<p>In late April, Ethereum-based BTC yield protocol BadgerDAO teamed up with RenVM to launch a bridge between renBTC and its own yield farms. DeFi Llama estimates that more than $540 million worth of assets is locked on the BadgerDAO platform.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/one-percent-of-bitcoin-s-supply-has-been-locked-in-the-wbtc-protocol\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 1% of Bitcoin\u2019s supply has been locked in the WBTC protocol &#8221; One percent of Bitcoin\u2019s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC.\u00a0 The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri, who tweeted the news on June&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvY2VlNjFmNWMtNjQzNi00YjYxLTgyNGQtYmJmZTc3NGNkM2EyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76825],"class_list":["post-269476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitgo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269476"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269477"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}