Ethereum blockchain now holds over 20,000 tokenized bitcoins

Ethereum blockchain now holds over 20,000 tokenized bitcoins

With ERC-20 tokens like WBTC, Bitcoin could now compete in the red-hot DeFi development space

At the end of June, Dune Analytics reported that over $60 million worth of Bitcoin had migrated to Ethereum via various ERC-20 protocols. At the end of July, it recorded an all-time record of $225 million in tokenized bitcoins.

One of the largest ERC-20 contributors to this growth is Wrapped Bitcoin…

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