Move $ 25 billion in BTC via alternative chains-there are now over 400,000 tokenized bitcoins in existence-
Move $ 25 billion in BTC via alternative chains-there are now over 400,000 tokenized bitcoins in existence-
towards the end of the year the price of Bitcoin has moved over the $ 60k region and with 18.8 million Bitcoin in circulation, Bitcoin's market assessment is now over $ 1.16 trillion. Meanwhile, the number of tokenized bitcoins existing today has risen considerably in the past three years and today climbed to 408,210 Bitcoin worth $ 25 billion.
more than 400,000 packaged, synthetic or tokenized bitcoins in the wild
Packed, synthetic or tokenized bitcoins have developed into a growing trend in the past two years and nine months. Bitcoin.com-Nachrichten registered on one of the first project on January 30, 2019, the day when that Wrapped Bitcoin (WBTC) project was started for the first time. Since then there have been much more tokenized Bitcoin projects and until July 2019 the WBTC in circulation exceeded the capacity of Lightning Network.Now there are a number of tokenized Bitcoin projects such as Bep2, HBTC, Renbtc, SBTC, PBTC, OBTC, TBTC, Mstablebbebc, RBTC and LBTC. Of all the above-mentioned tokenized Bitcoin protocols, including WBTC, around 408,210 tokenized bitcoins are worth $ 25 billion.
WBTC holds the lion's share of the tokenized btc today 231.659 token in circulation. Coin Bep2, also known as BTCB, published by Binance, today has around 105,099 tokens in circulation. In the meantime, the other tokenized Bitcoin projects have a much lower offer and the third largest tokenized btc Trade platform Huobi supported.
There are 39,884 HBTC (Huobi btc ) Today and the evaluation of the entire HBTC market is 2.4 billion US dollars. Renbtc (16.818), SBTC (4.775), LBTC (3,367), RBTC (2,528), PBTC (1.786), OBTC (1.254), TBTC (792) or Mstablebbebc (248).
Ethereum, Binance Smart Chain Command Lions Share of tokenized Bitcoin
Ethereum is the biggest blockchain in relation to the amount of tokens btc in a network. Eight of the eleven projects that publish packed, synthetic or tokenized Bitcoin products use the Ethereum chain. BEP2 (BTCB) comes from Binance Smart Chain (BSC), RBTC is issued by the RSK network and LBTC is issued by the Liquid network from Blockstream.
The two token btc projects that have recorded an exponential growth since their introduction are WBTC and Bep2. Both projects are with a total of 336,758 tokenized bitcoins or 82.49 % of all tokenized bitcoins at the most dominantest btc exists.
What do you think of the more than 400,000 tokenized bitcoins that are in circulation today? Let us know your opinion on this topic in the comments below.
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