TBTC (Ethereum) vs VSN (Arbitrum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-27.
| TBTC | VSN | |
|---|---|---|
| Price | $83.41K | $0.04384 |
| Market cap | $348.57M | $166.29M |
| 24h volume | $346.17K | $61.37K |
| Liquidity | $26.61M | $909.27K |
| FDV | $348.57M | $4.49M |
| Holders | 25,225 | 43,114 |
| Age (days) | 871 | 314 |
| Safety grade | B | B |
tBTC is Threshold Network's trust-minimized wrapped Bitcoin — the decentralized-custody answer to WBTC, where a rotating set of node operators secures the BTC rather than a single custodian. The deployment 0x18084fba666a33d37592fa2633fd49a74dd93a88 is the v2 mint; our September 27, 2026 snapshot reads $26.6 million of tracked pool liquidity.
The honest contrast is the whole point of the asset: tBTC trades BitGo's institutional custody for a threshold-signature committee — no single company can lose or freeze the coins, but the security model is cryptographic-economic (operator collateral) rather than legal, which is a different risk shape, not a strictly smaller one. Its depth vs WBTC's billions is the market's honest verdict on how much that trade matters to people.
VSN at 0x6fbbbd8bfb1cd3986b1d05e7861a0f62f87db74b — Vision — is an Arbitrum asset 314 days into its record at the September 27, 2026 snapshot. The asset-wide $166.3 million market cap dwarfs the $4.5 million fully-diluted figure priced on the 101.2 million local units — the familiar shape where the headline valuation lives on another venue while this chain carries a slice.
The local book is thin against that headline: $909.3 thousand of tracked depth on $38.5 thousand of daily volume — a quiet book that does its real clearing elsewhere. Contract-level controls were not assessed in this snapshot; the authority posture is a live-scan question.
By tracked market cap: TBTC (Ethereum) measures $348.57M and VSN (Arbitrum) measures $166.29M — dated snapshots, not a live feed.
On the contract checks we publish: TBTC (Ethereum) grades B and VSN (Arbitrum) grades B. A grade is a structural check on the contract, not a promise about the asset.
Between 2026-09-21 and 2026-09-27T18:22:06, the measured snapshots show TBTC at −0.67% and VSN at +0.35%.
TBTC vs USD1TBTC vs GHOTBTC vs UNITBTC vs FRXUSDUSDT0 vs VSNFWA vs VSNVSN vs UPPPOLY vs VSN
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-21→2026-09-27T18:22:06; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.