Best Crypto to Buy as Tokenized Bitcoin Surpasses 172k

Best Crypto to Buy as Tokenized Bitcoin Surpasses 172k

Wrappers are taking Bitcoin cross-chain and unlocking new utilities. CoinMetrics’ latest study finds that 172K Bitcoin worth over $7 billion have been tokenized and are now deployed on alternative blockchains. Bitcoin is no longer just a store of value; it’s a lucrative yield-bearing asset. According to CoinMetrics, substantial amounts of wrapped Bitcoin are deployed over […] The post Best Crypto to Buy as Tokenized Bitcoin Surpasses 172k appear…

Tokenized Bitcoin Surpasses 172K BTC as Utility Expands Across Chains: Coin Metrics

Over $7 billion in bitcoin is now actively working across Ethereum, Base, and Solana, not just sitting idle, fueled by the explosive growth of …

Tokenized Bitcoin: Extending Bitcoin’s Utility

In this issue of Coin Metrics’ State of the Network, we explore the growing ecosystem of tokenized Bitcoin, focusing on Wrapped Bitcoin (WBTC) and Coinbase’s cbBTC as mediums for extending BTC’s utility across chains. Key Takeaways Tokenized bitcoin, such as wrapped bitcoin (WBTC) and cbBTC extend the utility of BTC beyond its base layer, enhancing accessibility and interoperability across chains. Wrapped BTC tokens come with varying custody m…