was trading for $42,738 per unit on that day, which means BTCB’s market capitalization was around $4.49 billion.’s price has shuddered and it’s a long way away from the $42K zone. The number of BTCB in circulation has dropped 49.1% to 53,444 BTCB, according to coinmarketcap.com data recorded on Nov. 25.
At an exchange rate of around $16,504 on Nov. 25, the market cap of BTCB is roughly $882 million. During the last 24 hours, BTCB has seen $3.25 million in global trade volume on a slew of decentralized exchange platforms. The dex applications with the most active BTCB trading include Pancakeswap V2, Biswap, Dodo, and Apeswap.The largest tokenized bitcoin project WBTC has a lot more tokens than the BTCB in circulation. On Nov.
That means during the course of 2022, the WBTC supply has been reduced by more than 15%, as 40,918 tokens were removed from circulation. Furthermore, in the last 30 days, Dune Analytics data, published by 21shares Research, shows that WBTC’s supply has dropped by 8.72%.Of course, WBTC’s value was a lot higher on Jan. 14, as WBTC’s market valuation was around $11.35 billion.
Today, WBTC’s market valuation is roughly 3.66 billion nominal U.S. dollars and during the past 24 hours it’s seen $346.90 million in trade volume. The most active exchanges trading WBTC include Binance, Okx, Digifinex, and Hitbtc. Tokenized bitcoin supplies have followed the same path as stablecoin supplies this year, which have shrunk a great deal in 2022. The data suggests that during the crypto winter traders are swapping their tokenized stablecoins for real U.S. dollars. With tokenized bitcoin projects like BTCB and WBTC, users swapping these tokens are looking to get their real bitcoin back.
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BNB
BNB
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How come everybodyy is silent on this!
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BNB
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BNB
FACT
I wish someone showedd me this earlierr
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