Around 73,000 Tokenized Bitcoins Worth $750 Million Circulating On Ethereum

Tokenized BTC on Ethereum has increased exponentially. There are almost 73,000 synthetic Bitcoin tokens worth around $750 million circulating on the Ethereum blockchain.

The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain.

Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth of Bitcoin is doing rounds on Ethereum.