ckBTC

Total Value Locked

$15.7m

Chain Breakdown
Bitcoin	$15.7m

TVLUSD InflowsTweets

USD BTC

Protocol Information

Chain-key Bitcoin (ckBTC) is a token on the Internet Computer (ICP) that is backed 1:1 by bitcoin (BTC). Conversion and redemption is fully automated via canister smart contracts using threshold cryptography - no trusted intermediaries required.ckBTC transactions have a 1-2 second finality and incur negligible fees, making it a viable option for everyday economic activities such as buying groceries or getting a coffee.

Category:Cross Chain

Audits

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Development Activity

(updated at 11/09/24)

Weekly commits:
Monthly commits:
Weekly developers:
Monthly developers:

Last commit: a few seconds ago (2024-09-11)

Methodology

TVL: We count the BTC as the collateral for the ckBTC

TVL code

Competitors

Maya Protocol ($37.23m)21.co ($7.03m)HOPE Collateral ($4m)BoringDAO ($2.92m)C3 Exchange ($1.9m)Stargate V2 ($313.27m)Stargate V1 ($141.06m)Across ($139.12m)Synapse ($101.66m)Hop Protocol ($43.33m)