10,612%. That’s the YTD growth rate of BTC on Ethereum going from 1,110 to 120,016 BTC on Ethereum, totaling $1.3b. Parabolic growth in a segment of crypto typically sends flashing signals that there is money to be made in more ways than one.
The simplified explanation for the growth is that this BTC on Ethereum grants additional utility in DeFi and targets attractive yields. Similar to how the market favors USDT as the go-to stablecoin for its deep liquidity and brushes off cent