According to Duke Analytics Estimates $60 Million Worth of BItcoin has traded for Etherium Wrapped Bitcoin tokenized protocol in etherium is single handedly resposibe for 75 percent growth after moving whopping 4800 Btc to Eth last month
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Demand has increased for Bitcoin in many financial services and Etherium continous to be the most popular Off chain Destination for Bitcoin
Currently $132 million worth of bitcoin is on Ethereum, at the time of publication, or roughly 0.08% of the leading cryptocurrency’s market capitalization,
growth in the value of assets on decentralized finance applications is “a step towards the maturation of trustless and transparent financial services.
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