Avalanche’s BTC.b witnessed a massive growth in supply But, Avalanche’s TVL witnessed a continued decline According to Data Analytics’ tweet on 2 December, the amount of Bitcoin Avalanche Bridged [BTC.b] on Avalanche [AVAX] surpassed that of the Ethereum network. This development suggested that users may have spotted new opportunities on the Avalanche network and have […]
BTC.b, was launched in June 2022, whereas WBTC existed for the last two years. D
espite this, the supply for BTC.b managed to compete with that of wrapped bitcoin as it witnessed a surge since its inception. Though it witnessed a slight decline during the period after the FTX collapse, its momentum picked up soon thereafter.However, despite BTCB’s growth, Avalanche could not showcase the same level of improvements in DeFi.
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