Announcement: Demand for Bitcoin and the boom in DeFi have driven the market value of WBTC up this year.

According to AMBcrypto reported on October 22, data from Skew shows that at the time of the press release, the market value of WBTC was close to $ 1.5 billion, up 27.834% year-to-date. And according to a recent report from LongHash, the WBTC was only selling for $ 4 million at the start of the year. LongHash explains that WBTC accounted for almost 15% of the total trade cap of all DeFi tokens on Ethereum as of October 13, and the key factors that could lead to the increase are demand for Bitcoin and the craze for DeFi.