Ask about wTAO
Logo of wTAOwTAO
Total Value Locked$25.07m

TVL by Chain

Bittensor$25.07m

Protocol Information

Bridge that locks native TAO on Bittensor and mints an ERC-20 representation (wTAO) on Ethereum 1:1.

WebsiteX/Twitter
Category:Bridge

Methodology

TVL: TAO locked on Bittensor backing wTAO on Ethereum. The bridge custody coldkey (5HiveMEoWPmQmBAb8v63bKPcFhgTGCmST1TVZNvPHSTKFLCv) holds the collateral and stakes most of it, so TVL is its free balance plus its total staked TAO, read keyless from public substrate RPC (dTAO share pools, alpha priced using subnet AMM).View code on GitHub

Competitors

Hatom TAO Bridge ($20.89)WBTC ($8.901b)Coinbase Bridge ($7.76b)LayerZero V2 ($7.057b)Hyperliquid Bridge ($6.576b)Binance Bitcoin ($5.21b)USDT0 ($3.071b)JustCryptos ($2.516b)CCIP ($1.745b)Portal ($1.433b)

Frequently Asked Questions

What is wTAO's TVL?

wTAO currently has $25.07m in total value locked. TVL has increased 11.6% over the past 30 days.

What chains does wTAO operate on?

wTAO operates on Bittensor. Bittensor holds the largest share at 100%.

How does wTAO's TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, wTAO ranks #37 by TVL. The category holds $51.033b across 155 protocols, and wTAO accounts for <0.1% of that total. Other leading protocols include Hatom TAO Bridge, WBTC, Coinbase Bridge, LayerZero V2, Hyperliquid Bridge, Binance Bitcoin, USDT0, JustCryptos, CCIP, and Portal.