news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months – Market Updates Bitcoin News

July 24, 2022
Reading Time: 6 mins read
0
Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months – Market Updates Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

U.S. congressman says crypto mining tax scrapped in debt ceiling deal – Forkast News

May 30, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong Web3 industry forms new associations – Forkast News

May 29, 2023

Three months in the past, there have been 441,546 wrapped or artificial bitcoins on the Ethereum and Binance Good Chain value $17.45 billion utilizing alternate charges on April 24, 2022. Since then, that quantity has dropped by 53,582 artificial bitcoins and at this time the variety of wrapped or bonded bitcoins is roughly 387,964 value $8.81 billion in worth.

Variety of Wrapped or Artificial Bitcoins Held on Ethereum Declines

In the previous few years using wrapped, bonded or artificial bitcoins has elevated an excellent deal and earlier this 12 months there have been near half one million artificial bitcoins held on the Binance Good Chain (BSC) and Ethereum (ETH) blockchains.

An excellent majority of a lot of these tokens stem from the Wrapped Bitcoin (WBTC) challenge because the ERC20’s market cap is the 18th largest amongst 13,373 crypto property. At press time, WBTC has a circulating provide of round 236,882 wrapped bitcoins with a valuation of round $5.38 billion at this time.

Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months
Stats from Dune Analytics’ dashboard on July 24, 2022, and a snapshot of metrics recorded on April 23, 2022.

Nevertheless, WBTC’s circulating provide has decreased an excellent deal during the last three months as there was 280,505 WBTC in existence on April 23, 2022, based on Dune Analytics’ statistics. On the time, BTC was buying and selling for $39K per unit and the WBTC market cap was valued at $10.93 billion.

Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months
Knowledge from coinmarketcap.com exhibits BTCB’s present circulating provide is 105,175 BTCB and that stat has not modified based on archive.org’s information of the BTCB stats web page.

WBTC is issued on Ethereum and on the time, the BSC BEP2 token in any other case often known as BTCB had a circulating provide of round 105,172, and at this time the provision hasn’t modified a lot as there’s 105,175 BTCB in circulation. Three months in the past the stash of BTCB was value $4.10 billion and at this time it’s value $2.39 billion.

Whereas 53,582 artificial bitcoins have been erased from Ethereum-based tokens many of the discount stemmed from WBTC. Though, Dune Analytics’ metrics point out that HBTC, and RENBTC noticed declines over the past 90 days.

HBTC noticed a excessive of 39,870 38,970 on Could 15, 2022, and at this time, the variety of HBTC in circulation is 38,970. Presently, the combination variety of artificial or wrapped bitcoins on each BSC and ETH represents round 1.847% of BTC’s 21 million provide cap. The variety of artificial or wrapped bitcoins on Ethereum alone equates to 1.344%, which implies the present provide of BTCB in existence represents 0.503% of BTC’s capped provide.

Tags on this story

3 Months, 53582 wrapped bitcoins, 90-day stats, BEP2 token, bonded bitcoins, bonded BTC, BSC, BTC tokens, BTCB, Coinmarketcap.com, Crypto, Dune Analytics, Ethereum, Ethereum (ETH), HBTC, market updates, Renbtc, Statistics, Stats, artificial bitcoins, Artificial BTC, Three months, WBTC, wrapped bitcoin, Wrapped Bitcoins, Wrapped BTC

What do you concentrate on the variety of wrapped or artificial bitcoins declining over the past three months? Tell us what you concentrate on this topic within the feedback part under.

2Khomers
Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,700 articles for Bitcoin.com Information in regards to the disruptive protocols rising at this time.




Picture Credit: Shutterstock, Pixabay, Wiki Commons, Coinmarketcap.com, Dune Analytics,

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss prompted or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

Extra In style Information

In Case You Missed It

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

U.S. congressman says crypto mining tax scrapped in debt ceiling deal – Forkast News

by admin
May 30, 2023
0

U.S. congressman says crypto mining tax scrapped in debt ceiling deal  Forkast News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong Web3 industry forms new associations – Forkast News

by admin
May 29, 2023
0

Hong Kong Web3 industry forms new associations  Forkast News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 … – Securities.io

by admin
May 29, 2023
0

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 ...  Securities.io

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Americans Say There's Still One Brand Worse Than FTX – Blockworks

by admin
May 28, 2023
0

Americans Say There's Still One Brand Worse Than FTX  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Shaquille O’Neal And Other Celebrities Are Facing A Lawsuit Due To Their Role In Promoting Cryptocurrency – Yahoo News

by admin
May 27, 2023
0

Shaquille O’Neal And Other Celebrities Are Facing A Lawsuit Due To Their Role In Promoting Cryptocurrency  Yahoo News

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Skullcandy Crusher Evo Wireless Over-Ear Bluetooth Headphones for iPhone and Android with Mic / 40 Hour Battery Life / Extra Bass Tech / Best for Music, School, Workouts, and Gaming – Black

Skullcandy Crusher Evo Wireless Over-Ear Bluetooth Headphones for iPhone and Android with Mic / 40 Hour Battery Life / Extra Bass Tech / Best for Music, School, Workouts, and Gaming – Black

May 30, 2023
Alleged former Russian spy whale spotted off Sweden's coast

Alleged former Russian spy whale spotted off Sweden's coast

May 30, 2023
Summer Heat – The New York Times

Summer Heat – The New York Times

May 30, 2023
Orzly Gaming Headset (Green) for PC and Gaming Consoles PS5, PS4, Xbox Series X | S, Xbox ONE, Nintendo Switch & Google Stadia Stereo Sound with Noise Cancelling mic – Hornet RXH-20 Sagano Edition

Orzly Gaming Headset (Green) for PC and Gaming Consoles PS5, PS4, Xbox Series X | S, Xbox ONE, Nintendo Switch & Google Stadia Stereo Sound with Noise Cancelling mic – Hornet RXH-20 Sagano Edition

May 30, 2023

Latest News

Skullcandy Crusher Evo Wireless Over-Ear Bluetooth Headphones for iPhone and Android with Mic / 40 Hour Battery Life / Extra Bass Tech / Best for Music, School, Workouts, and Gaming – Black

Skullcandy Crusher Evo Wireless Over-Ear Bluetooth Headphones for iPhone and Android with Mic / 40 Hour Battery Life / Extra Bass Tech / Best for Music, School, Workouts, and Gaming – Black

May 30, 2023
Alleged former Russian spy whale spotted off Sweden's coast

Alleged former Russian spy whale spotted off Sweden's coast

May 30, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global