FTX Issues Largest Volume of WBTC Tokenized Bitcoins for DeFi Farming Alameda Research, the owner of the FTX cryptocurrency exchange, issued the largest one-time emission of WBTC Ethereum token pegged to Bitcoin at a ratio of 1 to 1. The total transaction volume was 2,317 WBTC. This is just 1 WBTC more than the Three Arrows Capital crypto fund issued a day earlier.

FTX Releases Largest Volume of WBTC Tokenized Bitcoins for DeFi Farming

Alameda Research, the owner of the FTX cryptocurrency exchange, has issued the largest one-time emission of WBTC Ethereum token pegged to Bitcoin at a 1: 1 ratio. The total transaction volume was 2,317 WBTC. This is just 1 WBTC more than the Three Arrows Capital crypto fund issued a day earlier.

Speaking to The Block, Alameda founder Sam Bankman-Fried revealed that his firm continues to see significant demand for WBTC due to increased activity in the decentralized finance (DeFi) space..

“Profitability in DeFi has declined but is still substantial. Against this background, there is a high demand for bitcoin in other chains. WBTC remains the largest of its kind and most prevalent in DeFi and profitable farming, ”he said..

According to the Nansen service, WBTC currently accounts for about 75% of all tokenized bitcoins..



Alameda Research is also the largest issuer of WBTC to date with 37,609 tokens.



WBTC Launched On Tron Blockchain On Thursday.

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