tBTC

TBTC Price

What is tBTC?

tBTC allows you to unlock your Bitcoin’s value to borrow and lend, mint stablecoins, provide liquidity, and much more. tBTC is a decentralized wrapped Bitcoin that is 1:1 backed by main-net BTC. Existing solutions bringing Bitcoin to Ethereum require you to send your Bitcoin to an intermediary, who then issues you an Ethereum token representing your original asset. This centralized model requires you to trust a third party and is prone to censorship, sacrificing Bitcoin's promise of secure, permissionless decentralization.

How does tBTC solve this issue?

Instead of centralized intermediaries, tBTC uses a randomly selected group of operators running nodes on the Threshold Network to secure deposited Bitcoin through threshold cryptography. That means tBTC requires a threshold majority agreement before operators perform any action with your Bitcoin. By rotating the selection of operators weekly, tBTC protects against any individual or group of operators colluding to fraudulently seize the underlying deposits. By relying on an honest-majority-assumption, we can calculate the likelihood any wallet comprised of a quorum of dishonest operators. An insurance backstop (the coverage pools), serves as an emergency fallback in the event a wallet is compromised.

What is Threshold Network?

Threshold.network stems from the merger of NuCypher and Keep networks into a single decentralized network — it delivers a suite of threshold cryptography services for web3 applications through a decentralized network of staking nodes. The whole community is governed by a DAO. Flagship services of Threshold Network include Threshold Access Control (TACo) – which enables end-to-end encrypted data sharing and communication without the need to trust a centralized authority, tBTC v2 - the only decentralized and permissionless Bitcoin-to-Ethereum asset bridge and thUSD - an overcollateralized and decentralized USD stablecoin that uses both ETH and tBTC as collateral.

Where can you buy tBTC?

TBTC tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade tBTC is Uniswap V4 (Ethereum), where the most active trading pair TBTC/CBBTC has a trading volume of $1,679,475.49 in the last 24 hours. Other popular options include Uniswap V3 (Ethereum) and Curve (Ethereum).

What is the daily trading volume of tBTC (TBTC)?

The trading volume of tBTC (TBTC) is $3,750,474.21 in the last 24 hours, representing a 59.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for tBTC (TBTC)?

tBTC (TBTC) reached an all-time high of $125,646 and an all-time low of $10,104.30. It’s now trading -33.10% below that peak and 731.70% above its lowest price.

What is the market cap of tBTC (TBTC)?

Market capitalization of tBTC (TBTC) is $350,846,874 and is ranked #- on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TBTC tokens (4.2 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of tBTC (TBTC)?

The fully diluted valuation (FDV) of tBTC (TBTC) is $350,846,874. This is a statistical representation of the maximum market cap, assuming total number of 4.2 Thousand ETH tokens are in circulation today.

How does the price performance of tBTC compare against its peers?

With a price increase of 8.70% in the last 7 days, tBTC (TBTC) is underperforming the global cryptocurrency market which is up 9.30%, while outperforming when compared to similar Base Native cryptocurrencies which are up 4.50%.

How to add tBTC (TBTC) to MetaMask?

Adding tBTC (TBTC) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import TBTC as a token. You can copy TBTC’s contract address (0x18084fba666a33d37592fa2633fd49a74dd93a88) and import it manually, or if you've installed MetaMask's chrome extension, add TBTC to MetaMask with one click on CoinGecko.

Add TBTC to MetaMask.