Over 20,000 Bitcoin Now on Ethereum, 20x the Amount in the Lightning Network
Highlighting the increasing utility of Ethereum and the position of DeFi, the number of BTC on the pioneer smart contracting platform continues to swell. On July 31, 2020, there were 20,309 BTC ($227.3 million) on E thereum versus the 996.37 BTC in the Lightning Network (LN). 15,521 BTC or $173.7 million, had been tokenized as wBTC
Source: Over 20,000 Bitcoin Now on Ethereum, 20x the Amount in the Lightning Network
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