Logo of Stacks sBTCStacks sBTC
Total Value Locked$178.93m

TVL by Chain

Bitcoin$178.93m

Protocol Information

sBTC is a SIP-010 token on the Stacks blockchain that represents Bitcoin (BTC) in a 1:1 ratio. It enables Bitcoin holders to participate in DeFi applications and other smart contract functionalities while maintaining a peg to the underlying Bitcoin.

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 ($8.281b)Coinbase Bridge ($7.091b)Binance Bitcoin ($4.95b)Unit ($643.1m)Function FBTC ($621.44m)Kraken Bitcoin ($547.75m)SolvBTC ($471.02m)Lorenzo enzoBTC ($444.83m)Merlins Seal ($394.12m)exSat Staking BTC ($178.74m)

Frequently Asked Questions

What is Stacks sBTC?

sBTC is a SIP-010 token on the Stacks blockchain that represents Bitcoin (BTC) in a 1:1 ratio. It enables Bitcoin holders to participate in DeFi applications and other smart contract functionalities while maintaining a peg to the underlying Bitcoin.

What is Stacks sBTC's TVL?

Stacks sBTC currently has $178.93m in total value locked. TVL has decreased 7.2% over the past 30 days.

What chains does Stacks sBTC operate on?

Stacks sBTC operates on Bitcoin. Bitcoin holds the largest share at 100%.

How does Stacks sBTC's TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, Stacks sBTC ranks #21 by TVL. The category holds $48.938b across 154 protocols, and Stacks sBTC accounts for 0.4% of that total. Other leading protocols include WBTC, Coinbase Bridge, Binance Bitcoin, Unit, Function FBTC, Kraken Bitcoin, SolvBTC, Lorenzo enzoBTC, Merlins Seal, and exSat Staking BTC.