The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion.
The milestone comes four weeks after the TVL of all Bitcoin tokenized on (ETH) surpassed $1 billion for the first time . The current TVL of tokenized Bitcoin is nearly $1.5 billion, of which WBTC currently represents one-third.
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