Logo of BitSafe CBTCBitSafe CBTC

Total Value Locked$3.53m

TVL by Chain

Bitcoin$3.53m

Protocol Information

CBTC is a Bitcoin-backed asset on the Canton Network issued by BitSafe.

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Category:Decentralized BTC

Methodology

TVL: TVL is the BTC held in the CBTC reserve addresses that BitSafe publishes through its public address API, read from the Bitcoin blockchain at run time. CBTC is BitSafe's Bitcoin-backed token on the Canton Network.View code on GitHub

Competitors

tBTC ($359.62m)Chain Fusion ($25.06m)SUBFROST ($9.02m)Zeus Network ($3.8m)iBTC Network ($217.43)

Frequently Asked Questions

What is BitSafe CBTC's TVL?

BitSafe CBTC currently has $3.53m in total value locked.

What chains does BitSafe CBTC operate on?

BitSafe CBTC operates on Bitcoin. Bitcoin holds the largest share at 100%.

How does BitSafe CBTC's TVL compare to similar protocols?

Among Decentralized BTC protocols tracked by DefiLlama, BitSafe CBTC ranks #5 by TVL. The category holds $401.08m across 6 protocols, and BitSafe CBTC accounts for 0.9% of that total. Other leading protocols include tBTC, Chain Fusion, SUBFROST, Zeus Network, and iBTC Network.