Wrapped Bitcoin (WBTC), a tokenized representation of Bitcoin on the Ethereum blockchain, is currently experiencing notable activity and metrics that mirror previous crypto market rallies. These indicators suggest growing interest and participation in the WBTC ecosystem. Whale Transactions: WBTC is witnessing its highest rate of transactions involving large whales holding […]
Today’s surge in WrappedBitcoin (WBTC) activity, driven by two significant 2,000 $WBTC moves, has led to a drop in exchange supply. This decrease in available WBTC on exchanges suggests increased demand and potential interest from investors and traders. The surge in on-chain transaction volume, reaching its highest level in over […]
There is an ongoing issuance of wrapped BTC – or wBTC – on the Ethereum blockchain. It appears that this token is in very high demand, as the recent issuance of Wrapped Bitcoin has a higher USD value compared to the entire Lightning Network. Issuing Bitcoin on the Ethereum blockchain […]