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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by ulzeraj on Wednesday February 10, 2021 @08:47AM (#26088927)
Off chain through Liquid or Lighting networks.
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Re:Cambridge Bitcoin Electricity Consumption Index by joeblau on Wednesday February 10, 2021 @09:01AM (#26089167)
The funny thing is that there is 117x more Bitcoin on Layer 2 ETH in WBTC[1] than in the lighting network[2].

  $5,793,513,475.00 // WBTC (Bitcoin on Ethereum)
     $49,173,964.59 // Lightning
[1] - https://wbtc.network/dashboard/order-book

[2] - https://1ml.com/statistics

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Re:Cambridge Bitcoin Electricity Consumption Index by gruez on Wednesday February 10, 2021 @09:11AM (#26089324)
That's not surprising if you consider that tokenized BTC is often used for collateral in difi.
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Re:Cambridge Bitcoin Electricity Consumption Index by joeblau on Wednesday February 10, 2021 @09:18AM (#26089415)
used where it's useful ;)
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