Logo of Stacks sBTCStacks sBTC
Total Value Locked$189.23m

TVL by Chain

Bitcoin$189.23m

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.

WebsiteTwitter
Category:Bridge

Methodology

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

Competitors

WBTC ($8.987b)Coinbase Bridge ($7.857b)Binance Bitcoin ($5.261b)Unit ($707.02m)Function FBTC ($664.75m)Kraken Bitcoin ($629.91m)SolvBTC ($495.98m)Lorenzo enzoBTC ($464.67m)Merlins Seal ($412.71m)Nexus BTC ($281.43m)

Frequently Asked Questions

What is Stacks sBTC's TVL?

Stacks sBTC currently has $189.23m in total value locked. TVL has increased 20.4% 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 #20 by TVL. The category holds $51.676b 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 Nexus BTC.