During March 2, the daily emission of bitcoins issued through the cross-chain bridge in the Avalanche layer 2 protocol exceeded a record 2000 BTC.b, the 0xAcid team drew attention.
>$200M worth of #Bitcoin has been bridged to #avalanche! @gfk_acidhttps://t.co/HufS9aTNFx
— αɾʂԋ 🔺💀🐶 (@Arsh0x1) March 2, 2023
According to the project dashboard on Dune Analyticsthe total supply of the “wrapped” version of the first cryptocurrency in the protocol reached 8572 BTC.b.
According to 0xAcid, more than half of the bitcoins issued per day in Avalanche were transferred to the BENQI Finance landing DeFi protocol.
The L2 network team added support for the bridge with the blockchain of the first cryptocurrency in June 2022.
In January 2023, the supply of BTC.b exceeded the number of coins on the Bitcoin Lightning Network micropayment network.
Recall that in January, the Avalanche company behind the development of Ava Labs entered into a partnership with Amazon Web Services. The AVAX token reacted with significant growth.
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