The demand for WBTC has been soaring lately. Here’s why.

Quick Take

  • The outstanding supply of WBTC, which accounts for nearly 80% of the total tokenized bitcoin in circulation, has seen a 632% increase since May. 
  • High demand for the token paired with high interest rates for lending it out can be particularly appealing to speculators.

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The demand for WBTC has been soaring lately. Here’s why. written by Saniya More @ https://www.theblockcrypto.com/daily/70494/wbtc-demand-soaring-heres-why?utm_source=rss&utm_medium=rss July 7, 2020 Saniya More

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