Since January 24, 2023, the number of BTCb hosted on the Avalanche chain has risen 62%, from 5,248 to 8,504 BTCb. AVAX
, or roughly $44.7 million worth of bitcoin, was bridged to the AVAX chain. Since our report on January 24, 2023, the number of BTCb has risen 62%, from 5,248 to 8,504 BTCb.
The BTCb supply is still greater than the number of bitcoin contained in public Lightning Network channels, which isat the time of writing. Over the 38 days since BTCb surpassed the total on public channels, its supply has grown 38% larger than the Lightning Network capacity. To date, BTCb has seen 367,392 transfers, and the bridged bitcoins are held by 4,420 unique addresses. A large number of BTCb are stored on the decentralized finance protocols
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