2025 was a defining year for Threshold Network and its core product, tBTC. Across networks, integrations, and infrastructure, the protocol continued to strengthen its role as a multi-chain Bitcoin asset, with steady adoption and evident progress across key metrics.
By year’s end, cumulative transaction volume reached 26,355 BTC, reflecting sustained usage as Bitcoin liquidity moved onchain across an expanding set of environments.
tBTC 2025 Wrapped Video by Threshold Network
Supply Growth and Network Milestones
On October 8, 2025, tBTC reached several important milestones. Total value locked peaked at 6,500 BTC, while total supply reached its highest level in USD terms at $806,124,000. These figures marked a high point for tBTC’s presence across supported networks.
Just days later, on October 12, tBTC recorded its highest holder count of the year, reaching 18,136 holders—highlighting broad participation across chains.
Product Evolution and Strategic Repositioning
A significant milestone for tBTC in 2025 came on November 11, with the launch of both a redesigned tBTC application and a refreshed Threshold Network website. Together, these releases marked a clear step forward in product experience and long-term positioning.
Gasless tBTC Minting and Direct Redemptions
Threshold released an updated tBTC app that enables users to mint tBTC gaslessly and redeem directly back to native BTC. The new interface simplifies the full lifecycle of moving Bitcoin onchain, offering clearer steps, reduced friction for first-time users, and transparent communication around tBTC’s security guarantees and 1:1 backing.
The experience also surfaces real-time data and provides more intuitive guidance on how and where tBTC can be deployed across onchain markets.
Explore the updated app and documentation:
https://app.threshold.networksignificant
Strategic Repositioning for Long-Term Scalability
In parallel with the app upgrade, Threshold Network introduced a redesigned website that strengthens its identity as the Bitcoin standard for onchain finance and presents a clearer, more forward-looking vision for tBTC.
The rebrand reflects a strategic repositioning focused on long-term scalability and clarity as Bitcoin adoption continues to expand onchain.
Read the full announcement:
https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/
Improved Transparency with a New Dune Dashboard
To further support transparency and ecosystem insight, a new Dune Analytics dashboard for tBTC was released. The dashboard offers improved visibility into minting and redemption activity, supply metrics, and protocol-level flows—supporting users, researchers, and integrators who rely on clear data to understand how BTC moves across onchain markets.
Visit the latest Threshold Dune dashboard:
https://dune.com/threshold/tbtc-performance-dashboard
Expanding Infrastructure and Integrations
Infrastructure growth remained a core focus throughout 2025. tBTC expanded its vault ecosystem with the launch of four new vaults:
- Upshift
- Ember
- Yield Basis
- Noon
In parallel, tBTC integrated with 20 DeFi protocols, extending Bitcoin liquidity into new onchain financial use cases and strengthening its presence across major platforms.
Strengthening Multi-Chain Reach
tBTC reinforced its multi-chain footprint in 2025 with launches on three new chains:
- Sui
- Mezo
- Starknet
These additions further positioned tBTC as a Bitcoin asset designed for use across multiple networks.
Distribution Across Chains
By total value locked, the top five chains supporting tBTC in 2025 were:
- Ethereum – $578M
- Arbitrum – $13M
- Starknet – $11.8M
- Solana – $6M
- Base – $5M
By holder count, the leading chains were:
- Ethereum – 9,571 holders
- Base – 3,474 holders
- Optimism – 2,139 holders
- Polygon – 2,056 holders
- Arbitrum – 1,120 holders
Liquidity Concentration
Liquidity in 2025 remained concentrated across major venues. The largest tBTC pools by supply were:
- Aave – $154M
- Curve – $99M
- SparkLend – $12M
Looking Ahead
The milestones reached in 2025 reflect more than growth in numbers; they signal growing confidence in tBTC as Bitcoin continues to move onchain across multiple networks. Expanded vault infrastructure, broader protocol integrations, and increasing participation across chains all point to a maturing asset built for sustained use.
As tBTC enters the next phase, the focus remains on delivering reliable, scalable, and secure access to Bitcoin across an increasingly multi-chain environment. With infrastructure in place and liquidity established across major venues, tBTC is positioned to support the next wave of onchain Bitcoin activity, where utility, accessibility, and reach continue to expand.
