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 Ethereum versus the 996.37 BTC in the Lightning Network (LN). 15,521 BTC or $173.7 million, had been tokenized as wBTC

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