Only 0.52% of Bitcoin Is Working Onchain—Here’s Why
Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from Yield Basis and Valueverse. That represents just under 0.52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi (or BTCFi) economy. Bitcoin’s $8.4B Yield Market Leaves 99% of […]
Key Takeaways
- Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from Yield Basis and Valueverse.
- That represents just under 0.52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi (or BTCFi) economy.
- Bitcoin’s $8.4B Yield Market Leaves 99% of […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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