In line with DeFi Pulse, the number of Ethereum locked up in DeFi protocols hiked by 218.5% since June, growing from 2.7 Mln ETH to 8.6 Mln ETH. Locked Bitcoin has grown over 3000%, from 5k BTC in mid-2020 to roughly 158,800 BTC today.
Earlier on 14th Oct., cryptocurrency asset exchange and investment platform CoinList set a new record for the leading sum of Bitcoin tokenized by one entity at some point using the Wrapped Bitcoin protocol. CoinList minted 4,997 WBTC, or $57.1 Mln worth of Bitcoin, on behalf of its clients to be used on the Ethereum network.
The value of Ethereum locked in DeFi is $3.24 Bln, or 7.6% of Ethereum’s total market capitalization. The entire amount of BTC locked is $1.81 Bln, or 0.85% of Bitcoin’s market capitalization.
Despite the large sums of Bitcoin and Ethereum recently absorbed by DeFi, locked Bitcoin, as well as Ethereum, presently represents quite less than half of the entire value locked, or TVL, within the sector – together comprising 44.6% of the sector’s $11.33 Bln.
DeFi Pulse doesn’t offer data on what share of DeFi’s TVL that other specific cryptocurrency assets like SNX, COMP, or DAI represent.