Onchain BTC Research
Independent research on tokenized Bitcoin: measured data on wrapper supply, custody structure, collateral use and concentration.
Figures are measured onchain and aggregated from an analytical warehouse — not estimates, projections or protocol self-reporting. Chart pages are refreshed from one shared capture, research articles keep the data they were written against, and the methodology states what each number excludes.
This publication is independent research for information purposes only. It is not investment, legal or tax advice, and nothing here is a recommendation to buy, sell or hold any asset.