Total Value Locked$353.39m
TVL by Chain
Bitcoin$353.39m
Ethereum$0
Key Metrics
Fees 30d$24,058
Fees 30d by chain
Ethereum$24,058
Fees 7d$11,343
Ethereum$11,343
Fees 24h$1,024
Ethereum$1,024
Cumulative Fees$2.8m
Ethereum$2.8m
Revenue 30d$24,058
Revenue 30d by chain
Ethereum$24,058
Revenue 7d$11,343
Ethereum$11,343
Revenue 24h$1,024
Ethereum$1,024
Cumulative Revenue$2.8m
Ethereum$2.8m
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Protocol Information
tBTC is Threshold's decentralized and permissionless bridge to bring BTC to the Ethereum network. tBTC has been designed to allow bitcoin holders to participate in Ethereum's Decentralized Finance (DeFi) applications. Users wishing to utilize their bitcoin on Ethereum can use the tBTC decentralized bridge to deposit their bitcoin into the system and get a minted tBTC token in their Ethereum wallet
Audits:
Methodology
TVL: BTC on btc chainView code on GitHubFees: tBTC treasury fees from minting and redemptions, tracked from Bank balance movements to the Bridge treasury. These movements contain the post-rebate amounts, so RebateStaking reductions are excluded.View code on GitHubRevenue: All tBTC treasury fees paid by minting and redemptions are protocol revenue.View code on GitHubHolders Revenue: View code on GitHubCompetitors
Frequently asked questions
What is tBTC's TVL?
tBTC currently has $353.39m in total value locked. TVL has increased 3.6% over the past 30 days.
What chains does tBTC operate on?
tBTC operates on 2 chains: Bitcoin and Ethereum. Bitcoin holds the largest share at 100%.
How much has tBTC generated in fees and revenue?
Over the past 30 days, tBTC generated $24,058 in fees. Of that, $24,058 was protocol revenue. Based on the trailing year, the annualized rate is $689,584 in fees and $689,584 in revenue.
How does tBTC's TVL compare to similar protocols?
Among Decentralized BTC protocols tracked by DefiLlama, tBTC ranks #1 by TVL. The category holds $393.18m across 6 protocols, and tBTC accounts for 89.9% of that total. Other leading protocols include Chain Fusion, SUBFROST, BitSafe CBTC, Zeus Network, and iBTC Network.