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About Keep Network
Analysis of 12 Dec 2025Keep Network (KEEP) is a deprecated cryptocurrency that merged with NuCypher on January 1, 2022, to form Threshold Network with the native T token. As of December 2025, KEEP trades at $0.061 USD with a market cap of $59.33 million and 967.78 million circulating supply.
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The merger created 10 billion T tokens with a fixed 4.78:1 conversion ratio (4.78 T per 1 KEEP), with 4.5 billion T allocated to KEEP holders. While vending machine contracts allow indefinite migration, KEEP remains tradable legacy asset with no active development.
Threshold Network's flagship application tBTC reached $566 million TVL with $4.8 billion bridge volume November 2025, making it the top decentralized Bitcoin bridge on DefiLlama. However, unmigrated KEEP holders cannot access T token staking (minimum 40,000 T required), governance participation, or protocol fee rewards.
The T token trades at $0.0107 USD with a $165.3 million market cap.
