As of June, nearly 60 million bitcoins had been transferred to Atrium, according to Dune Analytics. Wrapped Bitcoin, the oldest Bitcoin token protocol on the Atrium network, accounted for more than 4,800 bitcoins to Atrium over the past month, accounting for about 75 percent of that growth.
Demand for bitcoin has risen in a variety of decentralized financial services, and Atrium remains the most popular sub-chain destination for bitcoin, according to Kevin Desk. Medio Demarco, a former Deutsche Bank co-founder and co-founder of digital currency research firm Delphi Digital, said yield farming and MakerDAO were probably the most effective factors in increasing these transfers by adding tokenized bitcoins as collateral.
MakerDAO said in an interview:
The recent trend is not so strange and will probably continue.
http://s12.picofile.com/file/8402382584/chart1_2.jpgBen Chan, chief technology officer at BitGo, a digital currency payment processor and supplier of Bitcoin reps, also doesn't find the growing popularity of tokenized bitcoins strange. Chan said:
The purpose of the Bitcoin Rapid token is to bring Bitcoin into the world of decentralized finance. Creating an opportunity to borrow and sell Bitcoin Rapids in ETH-based applications has led to recent growth.
According to research firm OnChainFX, Bitcoin currently has $ 132 million, or about 0.88 percent of the total value of the digital market king market, on the ETH network.
http://s12.picofile.com/file/8402382776/chart2_1.jpgAccording to Chan, this advantage will be created for Bitcoin in the form of the ability to make a profit and guarantee Bitcoin, which will give users more incentive to invest in this digital currency. Chan also added:
Using Bitcoin on ETH will potentially have positive results for both networks.
