摘要： Decentralized finance (DeFi) seems to be the gift that keeps on giving for investors worldwide, as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.
New records in DeFi
Wrapped Bitcoin (WBTC), one of the most popular DeFi protocols leveraged to convert Bitcoin to ERC-20 tokens, recently achieved a new milestone and surpassed $1 billion in total value locked (TVL).
The bull run of the Bitcoin-backed DeFi protocol comes at a time when the TVL of all Bitcoin tokenized on the Ethereum blockchain hit the $1 billion dollar milestone in total value locked for the first time. Of all the tokenized Bitcoins held in DeFi projects, one-third of it is attributed to WBTC.
Over the last few months, an approximate $900 million worth of Bitcoin has been converted to other ERC-20 tokens through Wrapped Bitcoin.
This resulted in a surge of 900% for WBTC, allowing the token to surpass the $1 billion mark.
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詳見全文Full Text： blockchain.news
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