Decentralized BTC
tBTC
Total TVL
$327.88M
Active pools
0
Chains supported
2
Official site: https://threshold.network/ ↗
Overview
tBTC is a decentralized Bitcoin protocol that enables users to collateralize BTC and mint tbtc tokens, which are pegged to the value of Bitcoin. This process allows for the transfer of Bitcoin liquidity into Ethereum-based DeFi applications.
The protocol holds $391M in TVL on the Bitcoin chain exclusively, with no active pools or supported chains beyond this single network. The chain breakdown highlights a significant concentration risk, as all funds are held on one blockchain without diversification across multiple networks.
Audit posture is light, with 1 audit reference available. Token economics data is unavailable, and while the protocol has an official website, specific market cap details are not provided.
Composed 2026-05-21 from the structured data above. See methodology for the full pipeline.
TVL by chain
TVL history
FAQ
› What is 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
› How much TVL does tBTC have?
tBTC has $327.88M in total value locked across all supported chains as of the last refresh.
› How many active pools does tBTC have?
We currently track 0 active pools for tBTC.
› Is tBTC audited?
DefiLlama lists 1 audit for tBTC. Audits reduce smart-contract risk but do not eliminate it.
See our methodology for how this data is collected.