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Bitcoins Are Being Tokenized Faster Than They’re Mined as DeFi Craze Continues

The decentralized finance craze is causing demand for tokenized bitcoin to surge.

Ni Zack Voell
Na-update Set 14, 2021, 9:44 a.m. Nailathala Ago 15, 2020, 2:45 p.m. Isinalin ng AI
Daily WBTC and BTC issuance since August 9
Daily WBTC and BTC issuance since August 9

Since Sunday, 1,043 more bitcoins were tokenized through wrapped bitcoin than were actually created by bitcoin miners as the Ethereum-based decentralized finance (DeFi) boom shows no signs of abating.

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  • About 900 bitcoins are mined per day, given the current issuance rate of 6.25 bitcoins minted per block and the target 10-minute block time.
  • At last check, nearly 31,000 bitcoins have been tokenized on Ethereum, according to Dune Analytics, 75% of which were minted by wrapped bitcoin (WBTC).
  • Ethereum’s supply of tokenized bitcoins hovered below 3,000 until mid-May, when the rate of new tokens shot up.
  • The rate of bitcoin tokenization signals the surging demand to use bitcoin in the burgeoning network of Ethereum-based DeFi applications.
  • “WBTC continues to exhibit strong growth as demand for bitcoin in DeFi has exploded,” said Kyle Davies, co-founder of Three Arrows Capital, in a private message with CoinDesk. “I expect this trend to continue,” he added.
WBTC and BTC issuance since August 9
WBTC and BTC issuance since August 9
  • In July, Three Arrows Capital minted its tokenized bitcoins through BitGo, the company that helped spearhead wrapped bitcoin in 2019.
  • Within a year, WBTC will be a “first class asset” in the decentralized finance ecosystem, predicted Three Arrows co-founder Su Zhu, “just as USDC and USDT are now.”

Tokenized BitcoinWrapped Bitcoin

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Protocol Research: GoPlus Security

Ni CoinDesk Research
Nob 14, 2025
Commissioned byGoPlus
GP Basic Image

Ano ang dapat malaman:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research

Ni Helene Braun, AI Boost|Edited by Cheyenne Ligon
1 oras ang nakalipas
(Unsplash)

K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.

Ano ang dapat malaman:

  • K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
  • The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
  • With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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