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Coinbase Wrapped BTC(CBBTC)

Token Price$63,444

24h Change+0.64%

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

$6.106b

96,245.06 CBBTC

Volume 24h$340.94m

CEX Volume$0

DEX Volume$344.27m

Risks

How much debt can be issued against CBBTC as collateral across lending protocols.

Maximum possible exposure to CBBTC

$2.663b

$480.26m (max additional borrows against CBBTC) + $2.183b (bad debt if CBBTC was hacked now)

Morpho V1

$1.852b at-risk exposure = $1.634b bad debt if hacked + $217.69m additional borrowable against CBBTC

Aave V3

$601.52m at-risk exposure = $444.97m bad debt if hacked + $156.56m additional borrowable against CBBTC

Compound V3

$66.02m at-risk exposure = $11.01m bad debt if hacked + $55.02m additional borrowable against CBBTC

Fluid

$38.76m at-risk exposure = $6.94m bad debt if hacked + $31.82m additional borrowable against CBBTC

SparkLend

$81.36m at-risk exposure = $67.27m bad debt if hacked + $14.09m additional borrowable against CBBTC

Euler V2

$4.46m at-risk exposure = $87,584.75 bad debt if hacked + $4.37m additional borrowable against CBBTC

Neverland

$725,788.04 at-risk exposure = -- bad debt if hacked + $725,788.04 additional borrowable against CBBTC

Maple

$18.31m at-risk exposure = $18.31m bad debt if hacked + $0 additional borrowable against CBBTC

Methodology and limitations

Showing collateral exposure for CBBTC on onchain. Max Borrowableuses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Show exposure details

Each row is one protocol-chain exposure for CBBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$161.78m	$1.312b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$125.67m	$444.97m
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$53.5m	$11.01m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$38.79m	$319.6m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$30.89m	—
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$27.44m	$4.29m
Morpho V1	Tempo	cbBTC0x20c000000000000000000000c412ec89d0c08be5	$17.06m	$3.14m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$14.09m	$67.27m
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.3m	$2.65m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$3.59m	$57,310.69

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Rows per page

Token Usage

An is required to view token usage.

Liquidations

An is required to view token liquidations.

Yields

Showing 10 of 46 pools

Pool	Reference	Protocol
1 aEthcbBTCAave Ethereum cbBTC	cbBTC	Aave V3	$1.28b	<0.01%	Stable85	1,617
2 spcbBTCSpark cbBTC	cbBTC	SparkLend	$173.72m	<0.01%	Stable82	240
3 aBascbBTCAave Base cbBTC	cbBTC	Aave V3	$164.09m	0.01%	Stable86	15,430
4 cbBTCSOL/BTC Market	cbBTC	Kamino Lend	$45.74m	0.01%	Mixed56
5 cbBTCCore	cbBTC	Aave V4	$12.22m	<0.01%	Stable71	0
6 mcbBTCMoonwell cbBTC	cbBTC	Moonwell Lending	$11.65m	0.28%0.14%+0.14%	Stable94	3,623
7 T9cbBTCFlagship cbBTC	cbBTC	Lagoon🪂	$7.9m	1.91%	Mixed60	31
8 wmtcbBTCWintermute Trading Coinbase Wrapped BTC	cbBTC	Wildcat Protocol💸	$7.7m	4.00%	Stable100	30
9 hypercbBTCaHyperithm cbBTC Apex	cbBTC	Morpho Blue	$7.37m	2.15%0.88%+1.27%	Stable78	122
10 yoBTCyoBTC	cbBTC	YO Protocol	$6.32m	0.00%	Stable100	541

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Borrow

Showing 10 of 138 routes

Collateral / Borrow	Protocol
1 cbBTC / WETH	Neverland	+10.19%	6.56%1.20%+5.36%	-3.63%3.37%-6.99%	$862,880	70%
2 cbBTC / WBTC	Neverland	+8.87%	6.56%1.20%+5.36%	-2.31%3.78%-6.09%	$440,915	70%
3 cbBTC / USDC	Neverland	+3.34%	6.56%1.20%+5.36%	3.22%6.10%-2.88%	$3.28m	70%
4 cbBTC / USDT0	Neverland	+3.27%	6.56%1.20%+5.36%	3.29%5.69%-2.40%	$4.23m	70%
5 cbBTC / AUSD	Neverland	+3.10%	6.56%1.20%+5.36%	3.46%7.79%-4.33%	$933,204	70%
6 cbBTC / LBTC	Moonwell Lending	+1.76%	0.28%0.14%+0.14%	-1.47%0.45%-1.93%	$379,561	85%
7 cbBTC / tBTC	Moonwell Lending	+1.26%	0.28%0.14%+0.14%	-0.98%0.56%-1.54%	$50,997	85%
8 cbBTC / rETH	Moonwell Lending	+0.19%	0.28%0.14%+0.14%	0.09%	$411,928	85%
9 cbBTC / cbETH	Euler V2	-0.01%	0.00%	0.01%	$145,686	68%
10 cbBTC / weETH	Euler V2	-0.01%	0.00%	0.01%	$251,574	68%

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