100,000 BTC Pouring into Ethereum Network, DeFi High Yields Accelerating BTC Holders Attraction

Following the crypto market adjustment in early September, DeFi protocols have attracted value back to their liquidity pools, currently transferring nearly 100,000 BTC to the Ethereum blockchain. According to Dune Analytics data, even as Bitcoin and Ethereum prices declined from September 1st, the amount of BTC transferred to the Ethereum blockchain has increased by nearly 45% so far this month, rising from 63,400 on September 1st to 92,700 on September 13th.