Messari Reports $500M in Ethereum For DeFi Projects

As you may have seen, Messari’s latest researchreport estimated that as much as $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) projects.Q2 2020 hedge fund letters, conferences and moreThis figure represents just 0.3% of Bitcoin’s $216 billion market cap, indicating that there is ample opportunity for projects that facilitate the migration of Bitcoin onto Ethereum, to capture significant value.There has been a significant boom in the DeFi market over the past few months, with significant debate in the crypto economy as to w…

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