Ask about Function FBTC
Logo of Function FBTCFunction FBTC
Total Value Locked$543.72m

TVL by Chain

Bitcoin$543.72m

Protocol Information

Function is building the standard infrastructure that transforms Bitcoin into a capital-efficient, hyperliquid, and composable asset through ƒBTC (FBTC). By enabling Bitcoin to flow freely across financial markets, Function is positioning BTC as the reserve asset for both traditional and decentralized finance. ƒBTC is powered by core contributors Antalpha Prime, Mantle, and Galaxy Digital.

Category:Bridge

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

WBTC ($7.289b)Coinbase Bridge ($6.141b)Binance Bitcoin ($4.357b)Unit ($524.94m)Lorenzo enzoBTC ($455.42m)Kraken Bitcoin ($430.18m)SolvBTC ($412.6m)Merlins Seal ($378.82m)Nexus BTC ($255.73m)exSat Staking BTC ($153.87m)

Frequently Asked Questions

What is Function FBTC?

Function is building the standard infrastructure that transforms Bitcoin into a capital-efficient, hyperliquid, and composable asset through ƒBTC (FBTC). By enabling Bitcoin to flow freely across financial markets, Function is positioning BTC as the reserve asset for both traditional and decentralized finance. ƒBTC is powered by core contributors Antalpha Prime, Mantle, and Galaxy Digital.

What is Function FBTC's TVL?

Function FBTC currently has $543.72m in total value locked. TVL has increased 1.3% over the past 30 days.

What chains does Function FBTC operate on?

Function FBTC operates on Bitcoin. Bitcoin holds the largest share at 100%.

How does Function FBTC's TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, Function FBTC ranks #10 by TVL. The category holds $44.879b across 149 protocols, and Function FBTC accounts for 1.2% of that total. Other leading protocols include WBTC, LayerZero, and Coinbase Bridge.