tBTC (Arbitrum)

tBTC

tBTC is a fully decentralized, Bitcoin-backed asset pegged to the price of BTC.

Risk Rating

Watch Out

$59,932.00

1.90%

Summary

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Information

Blockchain

Arbitrum

Info

Key Metrics

Market Cap: $204.6M
Fully Diluted Valluation: $204.6M
FDV / MC: 1
Ranking inside Exponential (excluding stables): #47
Circulating Supply: 3,412
Total Supply: 3,412
Volume (24H): $9.3M
ATH: $72,610.00 (03/14/2024)
ATL: $10,104.30 (09/23/2020)

Risk Assessment

Watch Out

Asset Strength

tBTC is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Threshold Bridge and Portal (Wormhole) bridge, which are protocols rated as Good and Watch out, respectively.

Dependencies

Portal Bridge

Threshold Bridge

Asset Tokenomics

tBTC has a fixed supply. tBTC is a permissionless, DeFi-compatible version of Bitcoin. It is backed 1:1 by BTC locked on the Threshold bridge and secured by Threshold's network of node operators.

Things to know about tBTC