Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Bitcoin-Based DeFi Activity Increasing, 1,000 Wrapped Bitcoins Printed in a Single Day

written by

Support free journalists: > send a tip

  • Wrapped Bitcoin allows Bitcoin to be used on Ethereum DeFi platforms

One thousand Wrapped Bitcoin (WBTC) worth USD 9 million were printed in a single day, indicating a rise in Bitcoin-based decentralized finance (DeFi) activity on the Ethereum network. Notably, this 1,000 WBTC is larger than the size of the entire Bitcoin Lightning Network, which currently only has 927 Bitcoins.

Essentially, Bitcoin itself cannot be used on Ethereum-based DeFi platforms, since Bitcoin is not compatible with the Ethereum network. The solution is tokens like WBTC, where users deposit Bitcoin and receive the equivalent in WBTC, which is an Ethereum token.

The printing of USD 9 million of WBTC in a single day brings the total amount of WBTC to USD 20.7 million, and this continues a trend of Bitcoin becoming increasingly popular on DeFi platforms. Basically, Bitcoin is by far the most popular cryptocurrency, and numerous users of DeFi platforms are choosing to use Bitcoin instead of Ethereum for lending and borrowing purposes. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom
Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter