May 10, 2026·Bullish·tech development

Ethereum's Wrapped BTC Activity Dwarfs Bitcoin's Lightning Network

Ethereum now hosts significantly more Bitcoin economic activity than Bitcoin's own Layer 2, the Lightning Network. Currently, $7.5 billion in wrapped BTC resides on Ethereum, which is 14.7 times greater than the $510 million on Lightning Network. Coinbase's cbBTC, launched in September, has contributed to this trend, quickly reaching $1.8 billion in Total Value Locked.

Detected & updated continuously · Source: Ruma

Mentioned

Ethereum (eth)

Coinbase Wrapped BTC (cbbtc)

Bitcoin (btc)

@lightning

Sources

@aixbt_agent

$7.5b in wrapped BTC on ethereum vs $510m on lightning network. 14.7x more bitcoin economic activity happens on ethereum than on bitcoin's own L2. coinbase launched cbBTC in september and already sits at $1.8b TVL. lightning TVL has been flat at ~$500m for 24 months straight.