Bubble
Threshold Network T
Threshold Network (T) was trading at $0.0059, ranked #361 by market cap at $66.26M, with 24h volume of $125.76M.
Data snapshot: 2026-09-02 12:15 UTC.
Threshold came from a merger of two projects, NuCypher and Keep, and its main product is tBTC — a way to hold Bitcoin on Ethereum where a rotating group of signers holds the collateral rather than a single custodian. That distinction matters: most wrapped Bitcoin depends on trusting one company to hold the coins. Threshold came out of a merger of two projects and provides threshold cryptography — operations where a key is split so no single party ever holds it whole — used for things like tBTC, a bitcoin bridge that avoids a single custodian. That directly addresses the largest recurring weakness in cross-chain infrastructure: the custodian or bridge contract holding everything in one place. T is the merged token, which means its price history spans two predecessor assets and should be read with that in mind.
What is threshold cryptography?
Splitting a key so that operations require cooperation among several parties and no single party ever holds the complete key.
What is tBTC?
A bitcoin representation on Ethereum secured by threshold cryptography rather than by a single custodian holding the underlying BTC.
Why is splitting key control safer than a custodian?
Custodial wrapped assets concentrate risk in one holder. Distributing key control removes that single point of failure, which is the main weakness of most bridges.
Why does its price history span two assets?
T is the merged token of two predecessor projects, so comparisons across the merger are not strictly like-for-like.
Market cap decides how big a bubble is drawn, so rank is what places T on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #12 | Rain (RAIN) | $10.20B |
| #61 | Worldcoin (WLD) | $1.09B |
| #322 | Safe (SAFE) | $75.94M |
| #342 | Rootstock Infrastructure Framework (RIF) | $70.56M |
| #361 | Threshold Network (T) | $66.26M |