Key Metrics
Fees 30d$43,921.24
Fees 30d by chain
Ethereum$43,921.24
Fees 7d$17,962
Ethereum$17,962
Fees 24h$6,957
Ethereum$6,957
Cumulative Fees$2.78m
Ethereum$2.78m
Revenue 30d$43,921.24
Revenue 30d by chain
Ethereum$43,921.24
Revenue 7d$17,962
Ethereum$17,962
Revenue 24h$6,957
Ethereum$6,957
Cumulative Revenue$2.78m
Ethereum$2.78m
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 $338.81m in total value locked. TVL has increased 15.2% over the past 30 days.
What chains does tBTC operate on?
tBTC operates on 2 chains: Ethereum and Bitcoin. Bitcoin holds the largest share at 100%.
How much has tBTC generated in fees and revenue?
Over the past 30 days, tBTC generated $43,921.24 in fees. Of that, $43,921.24 was protocol revenue. Based on the trailing year, the annualized rate is $858,836.84 in fees and $858,836.84 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 $375.67m across 5 protocols, and tBTC accounts for 90.1% of that total. Other leading protocols include Chain Fusion, SUBFROST, Zeus Network, and iBTC Network.