MultiBit Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Tokens bridged via MultiBit are counted as TVL

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

MultiBit Protocol's governance or utility token carries a market capitalisation of 526.709,2 $ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (526.709,2 $) above the protocol's on-chain TVL (139.843,3 $) — a mcap/TVL multiple of 3.77× implies investors are paying for expected future fee flows rather than current deposits alone. A further 19.792,5 $ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Dec 23, 2023
   Auf DeFiLlama gelistet

MultiBit Protocol is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 5 chains, including Bitcoin, Ethereum, BounceBit, Polygon and 1 other chain. The codebase has been independently audited (1 report on file).

MultiBit Protocol runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 91% of its on-chain value sits on just three networks (Bitcoin, Ethereum-staking, staking), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (526.709,2 $) currently exceeds total value locked (139.843,3 $) — a mcap/TVL ratio of 3.77 suggests the market is pricing in more growth than current deposits support.

Verified external resources for MultiBit Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

MultiBit Protocol is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure 30,4 Mrd. $ in deposits, giving you a frame of reference for whether MultiBit Protocol's own TVL is at the top, middle, or tail of the category.

WBTC

TVL 8,7 Mrd. $ · 24h +0.07%

Coinbase Bridge

TVL 5,4 Mrd. $ · 24h +0.61%

Binance Bitcoin

TVL 5,1 Mrd. $ · 24h +0.14%

Hyperliquid Bridge

TVL 4,5 Mrd. $ · 24h +0.55%

USDT0

TVL 4,2 Mrd. $ · 24h +1.96%

JustCryptos

TVL 2,4 Mrd. $ · 24h +0.44%