Ground News – Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days – Altcoins Bitcoin News

Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days – Altcoins Bitcoin News crypto

Statistics show that over the course of 54 days, the number of encapsulated bitcoins (WBTC) hosted on the Ethereum network decreased by 40,156. This equates to a recovery of over 18% of the circulating supply of WBTC since November 27, 2022. WBTC remains the largest operation in terms of Bitcoin custody despite recent recoveries Bitgo supports Bitcoin file (WBTC) The project has been officially operational since the end of January 2019 and has g…