Ask about Chain FusionProtocol Information
Chain Fusion allows the Internet Computer Protocol (ICP) to interconnect with multiple blockchains in a decentralized manner, eliminating the need for a single trusted intermediary such as a bridge. The ability of ICP smart contracts to utilise threshold signature schemes to sign and submit transactions directly to other chains enables Chain-key tokens. Each Chain-key token on ICP is backed 1:1 by the native asset and is redeemable at any time. The native wallets are managed by a smart contracts on ICP, there are no intermediaries or centralized bridges. Chain-key tokens begin with ck (e.g. ckBTC, ckETH, etc.). They transact quickly (1 second finality) and transaction fees are negligible.
Category:Decentralized BTC
Audits:
Methodology
TVL: We count the ETH and ERC20-Tokens on 0xb25eA1D493B49a1DeD42aC5B1208cC618f9A9B80 as the collateral for ckETH and ck-ERC20 tokens and we count BTC as the collateral for ckBTCView code on GitHubCompetitors
Frequently Asked Questions
What is Chain Fusion?
Chain Fusion allows the Internet Computer Protocol (ICP) to interconnect with multiple blockchains in a decentralized manner, eliminating the need for a single trusted intermediary such as a bridge. The ability of ICP smart contracts to utilise threshold signature schemes to sign and submit transactions directly to other chains enables Chain-key tokens. Each Chain-key token on ICP is backed 1:1 by the native asset and is redeemable at any time. The native wallets are managed by a smart contracts on ICP, there are no intermediaries or centralized bridges. Chain-key tokens begin with ck (e.g. ckBTC, ckETH, etc.). They transact quickly (1 second finality) and transaction fees are negligible.
What is Chain Fusion's TVL?
Chain Fusion currently has $20.48m in total value locked. TVL has increased 7% over the past 30 days.
What chains does Chain Fusion operate on?
Chain Fusion operates on 2 chains: Bitcoin and Ethereum. Bitcoin holds the largest share at 76.1%.
How does Chain Fusion's TVL compare to similar protocols?
Among Decentralized BTC protocols tracked by DefiLlama, Chain Fusion ranks #2 by TVL. The category holds $340.6m across 4 protocols, and Chain Fusion accounts for 6% of that total. Other leading protocols include Threshold Network, Zeus Network, and iBTC Network.