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CRYPTO MARKET / ASSET

Bitcoin Avalanche Bridged (BTCAB) (BTCAB)


CRYPTO MARKET / ASSET
Bitcoin Avalanche Bridged (BTCAB) (BTCAB)
Bitcoin Avalanche Bridged (BTCAB)  BTCAB
Overview

## What is Bitcoin Avalanche Bridge (BTC.b)? Bitcoin Avalanche Bridged (BTC.b) is a wrapped version of Bitcoin that operates on the Avalanche blockchain, enabling Bitcoin to be used within the Avalanche ecosystem. Through the Avalanche Bridge, users can transfer native Bitcoin (BTC) onto Avalanche, where it is represented as BTC.b. This bridged asset allows for seamless participation in decentralised applications (dApps) on Avalanche and across various other blockchain ecosystems using LayerZero’s omnichain messaging protocol. BTC.b can be transferred across multiple chains like Ethereum, Binance Smart Chain (BSC), Arbitrum, Optimism, Fantom, and Aptos. ## What is Bitcoin Avalanche Bridge (BTC.b) used for? BTC.b enhances blockchain interoperability by allowing Bitcoin to be used across multiple platforms, particularly within Avalanche’s decentralised finance (DeFi) environment. It facilitates fast, low-cost cross-chain transfers of Bitcoin, providing users with opportunities for arbitrage, liquidity provision, and participation in various DeFi applications. As an omnichain token standard, BTC.b reduces security risks associated with traditional wrapped assets by using LayerZero’s OFT (Omnichain Fungible Token) technology. This enables efficient cross-chain token movement without the need for intermediaries like middlechains or trusted validators. ## Who created Bitcoin Avalanche Bridge (BTC.b)? BTC.b was created by Ava Labs, the team behind the Avalanche blockchain, in partnership with LayerZero, which provided the infrastructure for cross-chain messaging and interoperability. The bridge was designed to securely transfer Bitcoin between the Avalanche and Bitcoin networks using advanced technologies, including Intel SGX enclaves, to ensure transaction security and integrity.

Bitcoin Avalanche Bridged (BTCAB) (BTCAB) Stats / Specs
FULL MARKET CAP
access_time
TOTAL CURRENT SUPPLY
access_time
MAXIMUM SUPPLY
Key Resources
bitcoin stats
CHAINS
LINKS
Time Ranges
1 HOUR access_time
24 HOURS access_time
7 DAYS access_time
30 DAYS access_time
UPDATED: 21/02/2025 20:03
Supply & Distribution
SUPPLY
ISSUED 5,002 (100%)
TOTAL CURRENT 5,002
DISTRIBUTION
  BURNT 0
Specification
LAUNCHED 19/05/2022
TOTAL CURRENT SUPPLY 5,002
TYPE
TOKEN
PARENT ASSET
BTC
SECTOR
WRAPPED COLLATERAL
BRIDGES / PLATFORMS
AVAX
UPDATED: 21/02/2025 20:03
close replay
# Chain / Bridge Asset Issuer Inherited Decimals Start / End Token Standard Trading As
1
check check 8 19/05/2022
ERC20
BTC.b | BTC.b   
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    Ondo  ONDO
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    -10.78%  -$0.13  (24H)
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    Lido DAO  LDO
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    Pyth Network  PYTH
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    Berachain  BERA
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    Sei  SEI
    $0.2539
    -6.56%  -$0.018  (24H)
Top Cryptos: Gainers (24H)
  • Jambo (J)
    Jambo  J
    $0.4384
    79.11%  +$0.19  (24H)
    BinaryX (BNX)
    BinaryX  BNX
    $1.26
    27.87%  +$0.27  (24H)
    Degen (DEGEN)
    Degen  DEGEN
    $0.004703
    13.93%  +$0.00058  (24H)
    Jito (JTO)
    Jito  JTO
    $3.07
    13.01%  +$0.35  (24H)
  • Vana (VANA)
    Vana  VANA
    $6.52
    11.91%  +$0.69  (24H)
    Big Time (BIGTIME)
    Big Time  BIGTIME
    $0.07153
    11.11%  +$0.0071  (24H)
    Vine Coin (VINE)
    Vine Coin  VINE
    $0.03460
    10.37%  +$0.0033  (24H)
    aixbt by Virtuals (AIXBT)
    aixbt by Virtuals  AIXBT
    $0.2013
    6.63%  +$0.013  (24H)
Top Cryptos: Losers (24H)
  • Mantle (MANTLE)
    Mantle  MANTLE
    $0.8627
    -16.56%  -$0.17  (24H)
    B3 (B3)
    B3  B3
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    -12.99%  -$0.0011  (24H)
    Ondo (ONDO)
    Ondo  ONDO
    $1.11
    -10.78%  -$0.13  (24H)
    Lido DAO (LDO)
    Lido DAO  LDO
    $1.62
    -8.84%  -$0.16  (24H)
  • Pyth Network (PYTH)
    Pyth Network  PYTH
    $0.2330
    -8.15%  -$0.021  (24H)
    Aave (AAVE)
    Aave  AAVE
    $243.19
    -7.35%  -$19.29  (24H)
    Berachain (BERA)
    Berachain  BERA
    $7.86
    -7.09%  -$0.60  (24H)
    Sei (SEI)
    Sei  SEI
    $0.2539
    -6.56%  -$0.018  (24H)
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