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1,000 WBTC Minted on Ethereum Network Surpasses Lightning Network

Currently, the entire value of wBTC is $20.7 million and it is now the eighth-largest decentralized finance (DeFi) platform, according to DeFi data service DeFi Pulse. The total number of Bitcoins in wBTC tokens is now 2,300. By comparison, the Bitcoins available on the Lightning Network is 927 BTC.

BitGo serves as a custodian for the Bitcoin held by customers. Eight of the part of the outfit of the DAO, the initial merchants, function as middlemen. They include Kyber, Set Protocol, AirSwap, DiversiFi, Prycto, Dharma, Gopax, and Ren.

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