tBTC
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About tBTC
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
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How tBTC's TVL is measured
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.
BTC on btc chain
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
tBTC codebase lineage and protocol family
tBTC is published as a versioned release inside the Threshold Network protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Parent Protocol
tBTC is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
Threshold NetworktBTC Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 14, 2023Listed on DeFiLlama
Protocol Profile
tBTC operates in the Decentralized BTC category of DeFi. It is deployed across 2 chains, including Bitcoin, Ethereum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
tBTC operates on 2 networks (Bitcoin, Ethereum), keeping its surface area narrower than chain-agnostic peers. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for tBTC — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Decentralized BTC protocols on Mantapex
tBTC is one of 4 Decentralized BTC protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Chain Fusion, Zeus Network, iBTC Network. These peer protocols collectively secure $36.6M in deposits, giving you a frame of reference for whether tBTC's own TVL is at the top, middle, or tail of the category.
Recent tBTC news
Latest reporting from major crypto news outlets covering tBTC.
- Coincu
Threshold Network Launches tBTC on Sui Blockchain to Boost Liquidity
tBTC launched on Sui to increase BTC liquidity.
- Bitcoin
All About the tBTC x Starknet Launch: Bridging Bitcoin to ZK-Rollups
tBTC, the leading decentralized, trust-minimized Bitcoin bridge, is now live with direct native minting on Starknet — one of the most advanced Ethereum Layer 2 networks powered by…
- Crypto Economy
tBTC Becomes the First Incentivized BTC Asset on EigenLayer
New York, NY, 17th September 2024, Chainwire
- The Currency Analytics
Threshold Unveils Major tBTC Upgrade to Bring $500B Institutional Bitcoin Into DeFi
Threshold is taking a significant step toward expanding Bitcoin's role in decentralized finance (DeFi). The crypto infrastructure platform has upgraded its tBTC bridge,…
- Coindesk
Threshold's Bitcoin Backed tBTC Debuts on Sui, Unlocking $500M in Liquidity
Threshold Network's tBTC, an ERC-20 token backed 1-to-1 by bitcoin (BTC), debuted on Sui on Monday as Threshold looks to expand BTCFi in the Sui ecosystem.
- Blockchain News
Sui Blockchain Welcomes tBTC, Unlocking $500M in Bitcoin Liquidity
Sui integrates tBTC, enhancing BTC liquidity with over $500M, enabling efficient DeFi participation. This move marks a significant step for Bitcoin holders on the Sui blockchain.
- CrowdFundInsider
Bitcoin to Ethereum Bridge: tBTC Minting Live in Partnership with Aave, Yearn.Finance, Others
Threshold Network, a provider of cryptography services to unlock greater utility of digital assets, announced the launch of tBTC, the industry's “only” decentralized,…
- Crypto news
Sui price rebounds 10% as tBTC goes live and ETF prospects solidify
SUI's price surged alongside $2.8 billion in daily volume, a sign that investors are responding to real developments, from Bitcoin-native lending protocols to the SEC's ETF review…
Related protocols
Other DeFi protocols connected to tBTC by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Decentralized BTC protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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