Ask about wTAO

Logo of wTAOwTAO

Total Value Locked$32.32m

TVL by Chain

Bittensor$32.32m

Protocol Information

Bridge that locks native TAO on Bittensor and mints an ERC-20 representation (wTAO) on Ethereum 1:1.

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Category:Bridge

Methodology

TVL: TAO locked on Bittensor backing wTAO on Ethereum. The bridge custody coldkey (5HiveMEoWPmQmBAb8v63bKPcFhgTGCmST1TVZNvPHSTKFLCv) holds the collateral and stakes most of it, so TVL is its free balance plus its total staked TAO, read keyless from public substrate RPC (dTAO share pools, alpha priced using subnet AMM).View code on GitHub

Competitors

Hatom TAO Bridge ($26.04)LayerZero V2 ($11.714b)WBTC ($9.628b)Coinbase Bridge ($8.032b)Hyperliquid Bridge ($7.015b)Binance Bitcoin ($5.614b)USDT0 ($3.252b)JustCryptos ($2.661b)CCIP ($1.914b)Portal ($1.895b)

Frequently Asked Questions

What is wTAO's TVL?

wTAO currently has $32.32m in total value locked. TVL has increased 9.2% over the past 30 days.

What chains does wTAO operate on?

wTAO operates on Bittensor. Bittensor holds the largest share at 100%.

How does wTAO's TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, wTAO ranks #35 by TVL. The category holds $59.399b across 158 protocols, and wTAO accounts for 0.1% of that total. Other leading protocols include Hatom TAO Bridge, LayerZero V2, WBTC, Coinbase Bridge, Hyperliquid Bridge, Binance Bitcoin, USDT0, JustCryptos, CCIP, and Portal.