Wrapped Bitcoin Derivatives: Concerns Around Lack of Transparency Emerge
It’s not clear if all derivative assets that require bitcoin as collateral are fully backed as many assume. Is the Bitcoin Derivative Asset Market Built on a House of Cards?…
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Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded…
Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year
This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum…
Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months
Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that…