Threshold Network

Threshold Network is a decentralized cryptography service that emerged from the merger of two earlier projects, NuCypher and Keep Network. It provides threshold cryptography tools to the web3 community, meaning it helps users and applications perform sensitive operations — such as controlling access to encrypted data or managing private keys — without relying on any single centralized party. The intended audience is developers and protocols that need trustless, distributed cryptographic services across blockchains including Ethereum, Solana, Optimism, and Base.

Threshold cryptography works by splitting sensitive operations across a network of independent nodes, requiring a minimum number of those nodes — the threshold — to cooperate before any operation completes, so no single node ever holds complete control. The T token functions within this network as the coordination and staking layer, with node operators staking T to participate in the network's cryptographic services. The protocol operates across multiple ecosystems including a Bitcoin finance use case, reflecting its cross-chain design.

The data stored for Threshold Network does not include a fee revenue stream, so fee-based measures such as protocol earnings or fee yields are not available on this page. The circulating supply stands at 11,155,000,000 T tokens, which represents 100% of supply issued as of the point-in-time measurement, and there is no recorded supply pending or dilution overhang, meaning the fully diluted valuation equals the market capitalization of 61,931,610 USD. Without fee data, any assessment of economic sustainability based on protocol revenue cannot be made from the figures here.