{"id":43987,"date":"2021-06-08T19:17:24","date_gmt":"2021-06-08T16:17:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43987"},"modified":"2025-08-31T14:57:38","modified_gmt":"2025-08-31T11:57:38","slug":"users-sent-1-of-all-bitcoin-to-the-wbtc-protocol","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/users-sent-1-of-all-bitcoin-to-the-wbtc-protocol\/","title":{"rendered":"Users sent 1% of all Bitcoin to the WBTC protocol"},"content":{"rendered":"<p>The total amount of Bitcoin locked in the DeFi protocol Wrapped Bitcoin (WBTC) has reached 187,610. That\u2019s 1% of the total circulating supply of the first cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Total circulation of WBTC amounts to 187,610, accounting for about 1% of the total Bitcoin circulation, which means that 1% of the current Bitcoin circulation has entered Ethereum through WBTC. <a href=\"https:\/\/t.co\/Yg74JGDQNJ\">pic.twitter.com\/Yg74JGDQNJ<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1402187362709377039?ref_src=twsrc%5Etfw\">June 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>WBTC, with a TVL of $5.96 billion, occupies fifth place in the Ethereum project ranking on the DeFi Llama platform.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"252\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-469-1024x252.png\" alt=\"\u041f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043e\u0442\u043f\u0440\u0430\u0432\u0438\u043b\u0438 1% \u0432\u0441\u0435\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u0432 \u043f\u0440\u043e\u0442\u043e\u043a\u043e\u043b WBTC\" class=\"wp-image-138335\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-469-1024x252.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-469-300x74.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-469-768x189.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-469.png 1444w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>DeFi protocols in the Ethereum ecosystem by TVL. Data: DeFi Llama.<\/figcaption><\/figure>\n<\/div>\n<p>As of writing, the total market supply of \u201cBitcoin on Ethereum\u201d stands at 236,885, according to <a href=\"https:\/\/duneanalytics.com\/eliasimos\/btc-on-ethereum_1\">Dune Analytics<\/a>. This is over 3% of Ethereum\u2019s market value.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"205\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-423-1024x205.png\" alt=\"\u041f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043e\u0442\u043f\u0440\u0430\u0432\u0438\u043b\u0438 1% \u0432\u0441\u0435\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u0432 \u043f\u0440\u043e\u0442\u043e\u043a\u043e\u043b WBTC\" class=\"wp-image-138337\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-423-1024x205.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-423-300x60.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-423-768x154.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-423.png 1257w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Dune Analytics.<\/figcaption><\/figure>\n<\/div>\n<p>Positive momentum in the segment has been observed since the start of this year, with a few weeks in February as an exception.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"901\" height=\"436\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-256.png\" alt=\"\u041f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043e\u0442\u043f\u0440\u0430\u0432\u0438\u043b\u0438 1% \u0432\u0441\u0435\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u0432 \u043f\u0440\u043e\u0442\u043e\u043a\u043e\u043b WBTC\" class=\"wp-image-138338\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/3-256.png 901w, https:\/\/forklog.com\/wp-content\/uploads\/3-256-300x145.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/3-256-768x372.png 768w\" sizes=\"auto, (max-width: 901px) 100vw, 901px\" \/><figcaption>Data: Dune Analytics.<\/figcaption><\/figure>\n<\/div>\n<p>The share of WBTC in the tokenised-Bitcoin segment is 78.3%, HBTC 15.8%, renBTC 4.33%. The market position of the latter has been declining since October 2020.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"897\" height=\"457\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-156.png\" alt=\"\u041f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043e\u0442\u043f\u0440\u0430\u0432\u0438\u043b\u0438 1% \u0432\u0441\u0435\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u0432 \u043f\u0440\u043e\u0442\u043e\u043a\u043e\u043b WBTC\" class=\"wp-image-138339\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-156.png 897w, https:\/\/forklog.com\/wp-content\/uploads\/4-156-300x153.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-156-768x391.png 768w\" sizes=\"auto, (max-width: 897px) 100vw, 897px\" \/><figcaption>Data: Dune Analytics.<\/figcaption><\/figure>\n<\/div>\n<p>As noted, the amount of assets locked in the Ethereum 2.0 deposit contract<a href=\"https:\/\/forklog.com\/en\/news\/users-have-sent-more-than-5-million-eth-to-the-ethereum-2-0-deposit-contract\"> has reached<\/a> the equivalent of 4.49% of the market supply of the second-largest cryptocurrency.<\/p>\n<p> Subscribe to ForkLog&#8217;s news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total amount of Bitcoin locked in the DeFi protocol Wrapped Bitcoin (WBTC) has reached 187,610. That\u2019s 1% of the total circulating supply of the first cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":43988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2064,1655],"class_list":["post-43987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-renbtc","tag-wrapped-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=43987"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43987\/revisions"}],"predecessor-version":[{"id":43989,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/43987\/revisions\/43989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/43988"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=43987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=43987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=43987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}