why more than >30000 total #BTC is floating / #locked #wrapped TVL in evm chains like WBTC #binance n #avalanche BTC.b #avax and others ? #institutional btc holders looking for yield / lending
#BTC is #Lightning network is just >5000 BTC
#BTC is #Liquid chain is just about 5000 BTC
#elements #blockstream
I think you answered your own question. Another way to formulate it would be: Why would #Bitcoin holders choose to lock their #BTC on the #lightning network as opposed to keep them in cold storage or wrap them on #EVM chains for yields? I haven’t looked into this in-depth but I suspect that the value proposition isn’t attractive enough.
