wBTC Supply Hits 9-Month Low After Major Burn
The supply of wrapped Bitcoin (wBTC), an Ethereum-based ERC-20 token that mirrors the value of Bitcoin and is pegged 1:1 with its price, has hit its lowest point since May…
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Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC On ETH, Lending On ETH Taps $44 Billion
In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen…
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Study Shows Cross-Chain Bridge Technology Growth, Bridges To Ethereum Exceed $7 Billion
On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study…
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Tokenized Bitcoin On Ethereum Crosses $11 Billion Notional, WBTC Commands 76% Of Circulating Supply
According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects,…
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Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth In 2021
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark…
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Bitcoin Fees Tap $60 Per Transaction, Users Say Fees Restrict Adoption, Others ‘Embrace’ The BTC Fee Pump
On April 21, Bitcoin network fees touched an all-time high according to a number of transaction fee aggregators. The average bitcoin transaction fee is approximately $59.88 and the median fee…