LBTC – DIGIT INFO

LBTC Gains Momentum As The Third-largest Collateral For Wbtc Borrowing On Aave

DIGIT — Fri, 31 Jan 2025 08:10:53 +0000

LBTC is becoming one of the most meaningful parts of the DeFi lending environment. It has now moved to the third position in the ecosystem of Aave, which is decentralized and allows users to borrow and lend in a trustless way. Of course, WBTC is also a trustless way to hold Bitcoin, but that point becomes even more valid when one considers the lack of centralized control over both Aave and WBTC. Over the previous week, LBTC has shown astonishing strength in Bitcoin staking. On January 27, the token held a commanding 90% of the staked Bitcoin token volumes, and

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LBTC Emerges As The Leading Bitcoin Liquid Staking Token

DIGIT — Tue, 17 Dec 2024 05:50:45 +0000

Lombard Finance has achieved a remarkable milestone with its LBTC token, surpassing 13,000 in total supply. This accomplishment cements LBTC’s position as the largest Bitcoin Liquid Staking Token (LST) available in the market today. Introduced with a mission to bridge Bitcoin and decentralized finance (DeFi), Lombard Finance has quickly gained traction among users. In just three months, the platform has attracted over 40,000 users who have staked approximately $1.3 billion worth of BTC. This impressive growth rate surpasses that of Lido’s stETH, which required four months to reach a similar level of adoption and staked assets. LBTC’s utility within the

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Sui to launch Bitcoin staking

DIGIT — Mon, 25 Nov 2024 17:13:36 +0000

Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.

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Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives

DIGIT — Sun, 02 Jun 2024 13:01:46 +0000

The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins in circulation, with more than 32% of […]

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Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion

DIGIT — Tue, 28 Dec 2021 17:00:47 +0000

According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation. Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped […]

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Moving $25 Billion in BTC via Alternate Chains — There’s Now Over 400,000 Tokenized Bitcoins in Existence

DIGIT — Fri, 05 Nov 2021 15:30:45 +0000

As the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 […]

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Blockstream’s Liquid Sidechain Criticized Over Long Outage — Block Signing Issue Related to Upgrade

DIGIT — Wed, 06 Oct 2021 10:00:03 +0000

On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for being hypocritical toward blockchains like […]

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Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply

DIGIT — Sat, 07 Aug 2021 22:30:11 +0000

According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s […]

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Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands $2.3 Billion Market Cap

DIGIT — Wed, 07 Apr 2021 01:30:06 +0000

Over the last twelve months wrapped or synthetic bitcoin projects have swelled a great deal. The digital token called wrapped bitcoin, for example, has 141,503 WBTC in circulation today, but the token called the Bitcoin BEP 2 (BTCB) has gathered some steam. Currently, there are 39,719 BTCB out in the wild today as the bitcoin-pegged […]

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Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

DIGIT — Mon, 21 Dec 2020 08:30:06 +0000

According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of […]

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