The value of the Bitcoin anchor on Ethereum exceeds US$5 billion, a record high

The value of the Bitcoin anchor on Ethereum exceeds US$5 billion, a record high

According to data from Dune Analytics, a blockchain data provider, there are currently more than 136,000 Bitcoin-anchored coins on Ethereum, which are currently worth more than 5 billion U.S. dollars, a record high, and exceed 4% of the total market value of Ethereum. The number of Bitcoins locked on Ethereum actually dropped by 10% from the peak in mid-November 2020, because BTC holders started to take profits after the currency price surged. In mid-November, the number of bitcoins locked on Ethereum reached an all-time high, close to 152,000. At that time, the price of bitcoin was $16,150, worth about $2.5 billion. Since then, the number of locked bitcoins has actually fallen by more than 10%, while the price of bitcoin has more than doubled over the same period. (Decrypt)