Only 0.52% of Bitcoin Is Working Onchain—Here’s Why

Only 104,105 BTC, worth about $8.7 billion, is deployed in productive onchain strategies, according to a joint report from Yield Basis and Valueverse. That's just under 0.52% of the circulating bitcoin supply, leaving the vast majority of BTC outside the growing bitcoin DeFi economy. Bitcoin's yield market remains largely untapped.