In the wake of July’s unprecedented wave of decentralized finance (defi) breaches, including Curve Finance’s staggering $ 62 million exploit, the defi economy has plummeted into a gloomy state. Hovering perilously close to dipping beneath the $ 40 billion threshold, the total value locked (TVL) in defi hangs on by a thread. Concurrently, …
Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July. A 12-Month Decline of 86,000 WBTC in Circulation The Wrapped Bitcoin […]