tBTC
$343.5M +0.4%24hValue locked
- Value locked
- $343.5M
- 7 days
- +0.1%
- 30 days
- −5.9%
- Fees per day
- $1.12K7-day average
- Fees / value locked
- 0.1%annualised
- Chains
- 1
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.
As of 23 Oct 2026, tBTC holds $343.5M in value locked on Bitcoin, which ranks it #32 in DeFi by value locked. Thirty days ago it ranked about #90. It is the largest of 5 decentralised BTC protocols, with 90% of the sector's value locked; Chain Fusion follows with $24.49M. Its value locked is up 0.1% over seven days and down 5.9% over 30 days. Users paid an average of $1.12K a day in fees over the last seven days; a year at that pace would equal 0.1% of its value locked, against a sector median of 0.1%.
Value locked by chain
Largest decentralised BTC protocols
Full sector| # | Protocol | Chains | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|
| 1 | tBTC | Bitcoin | $343.5M | +0.1% | $1.12K |
| 2 |  Chain Fusion | Bitcoin, Ethereum | $24.49M | +0.9% | – |
| 3 |  SUBFROST | Bitcoin, Ethereum | $8.98M | +1.3% | – |
| 4 |  BitSafe CBTC | Bitcoin | $3.32M | −0.3% | – |
| 5 |  Zeus Network | Bitcoin | $2.15M | −4.1% | – |
