Ask about Kraken Bitcoin
Logo of Kraken BitcoinKraken Bitcoin
Total Value Locked$437.26m

TVL by Chain

Bitcoin$437.26m

Protocol Information

The kBTC token lets you leverage the power of Bitcoin while interacting with Ethereum, OP Mainnet, and other growing DeFi ecosystems. Fully-backed. Fully exchangeable anytime.

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 ($7.292b)Coinbase Bridge ($6.185b)Binance Bitcoin ($4.358b)Function FBTC ($546.26m)Unit ($536.57m)Lorenzo enzoBTC ($455.55m)SolvBTC ($414.82m)Merlins Seal ($346.98m)Nexus BTC ($254.82m)Stacks sBTC ($157.15m)

Frequently Asked Questions

What is Kraken Bitcoin?

The kBTC token lets you leverage the power of Bitcoin while interacting with Ethereum, OP Mainnet, and other growing DeFi ecosystems. Fully-backed. Fully exchangeable anytime.

What is Kraken Bitcoin's TVL?

Kraken Bitcoin currently has $437.26m in total value locked. TVL has increased 9.7% over the past 30 days.

What chains does Kraken Bitcoin operate on?

Kraken Bitcoin operates on Bitcoin. Bitcoin holds the largest share at 100%.

How does Kraken Bitcoin's TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, Kraken Bitcoin ranks #15 by TVL. The category holds $44.818b across 148 protocols, and Kraken Bitcoin accounts for 1% of that total. Other leading protocols include WBTC, LayerZero, and Coinbase Bridge.