Threshold Network

Threshold Network is a decentralized protocol that emerged from the merger of two earlier projects, NuCypher and Keep Network, and offers threshold cryptography services to the broader web3 community. Threshold cryptography means that sensitive operations — such as managing private keys or controlling access to encrypted data — are split across many independent nodes, and a minimum number of those nodes must cooperate before any operation completes. This removes the need to trust a single central party, which is the core problem the network claims to address for developers and users who need secure, decentralized control over digital assets.

The protocol runs across the Ethereum, Solana, Optimism, and Base ecosystems, among others, and operates through a network of independent nodes that collectively handle cryptographic tasks using threshold schemes. The T token is used within this system, most notably to back the tBTC product — a decentralized, trust-minimized representation of Bitcoin on other blockchains — where node operators stake T as collateral to participate in signing operations. The network's block time is recorded as zero minutes in the stored data, reflecting that it layers on top of existing blockchains rather than running its own standalone chain.

The stored data does not include a fee revenue figure for Threshold Network, so no fee-based measures such as fee yield or protocol revenue are available on this page. What is recorded is that 100 percent of the circulating supply has already been issued, there is no maximum supply cap, and the dilution overhang stands at 0.0 percent at this point in time, meaning no additional token unlocks are pending according to the stored data. The fully diluted valuation equals the market capitalization of approximately 40,171,592 USD because all tokens are already in circulation.