Ask about Kraken Bitcoin
Logo of Kraken Bitcoin

Kraken Bitcoin

Total Value Locked$785.76m

TVL by Chain

Bitcoin$785.76m

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.

WebsiteX/Twitter
Category:Bridge

Methodology

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

Competitors

WBTC ($9.666b)Coinbase Bridge ($8.089b)Binance Bitcoin ($5.656b)Unit ($998.8m)Function FBTC ($688.21m)SolvBTC ($530.13m)Lorenzo enzoBTC ($499.77m)Merlins Seal ($482.72m)Nexus BTC ($287.18m)NEAR Intents ($224.91m)

Frequently Asked Questions

What is Kraken Bitcoin's TVL?

Kraken Bitcoin currently has $785.76m in total value locked. TVL has increased 23.3% 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 #11 by TVL. The category holds $59.352b across 157 protocols, and Kraken Bitcoin accounts for 1.3% of that total. Other leading protocols include WBTC, Coinbase Bridge, Binance Bitcoin, Unit, Function FBTC, SolvBTC, Lorenzo enzoBTC, Merlins Seal, Nexus BTC, and NEAR Intents.