3 ms·
Sure it is, on Ethereum: https://defipulse.com/btc https://defipulse.com/btc More tokenized Bitcoin is transacted on the Ethereum network every day than on the
by chrisco255 6y ago
Sure it is, on Ethereum: https://defipulse.com/btc https://defipulse.com/btc
More tokenized Bitcoin is transacted on the Ethereum network every day than on the Lightning network, by orders of magnitude.
- grubles 6y agoMost of the "tokenized Bitcoin" you're referring to is just an ERC20 promise of redemption from Bitgo's coffers. It's not at all comparable to Bitcoin's Lightning Network.
- chrisco255 6y agoAll I know is there's 148K Bitcoin locked in tokens, which is nearly 1% of all Bitcoin and that people are finding more utility in tokenizing it and providing it for liquidity and yield on various DeFi platforms than on Lightning network. Maybe that will change in the future, but right now, that's the case.