Coinbase Wrapped BTC(CBBTC)

Token Price$62,278-6.97%over 24h

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

Market Cap$6.5b

Fully Diluted Valuation$6.5b

Circ. Supply104,240.88 CBBTC

Volume 24h$768.58m

CEX Volume$0

DEX Volume$780.41m

Website X/Twitter

Risks

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

Maximum possible exposure to CBBTC

$3.215b

$519.06m (max additional borrows against CBBTC) + $2.696b (bad debt if CBBTC was hacked now)

Morpho V1

$2.196b at-risk exposure = $1.877b bad debt if hacked + $319.19m additional borrowable against CBBTC

Aave V3

$656.37m at-risk exposure = $551.1m bad debt if hacked + $105.27m additional borrowable against CBBTC

Compound V3

$63.64m at-risk exposure = $12.18m bad debt if hacked + $51.46m additional borrowable against CBBTC

Fluid

$31.76m at-risk exposure = $10.99m bad debt if hacked + $20.77m additional borrowable against CBBTC

SparkLend

$262.37m at-risk exposure = $244.02m bad debt if hacked + $18.35m additional borrowable against CBBTC

Euler V2

$4.06m at-risk exposure = $67,711 bad debt if hacked + $3.99m additional borrowable against CBBTC

Neverland

$21,157 at-risk exposure = — bad debt if hacked + $21,157 additional borrowable against CBBTC

Methodology and limitations

Showing collateral exposure for CBBTC on onchain. Max Borrowable uses 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	$257.1m	$1.545b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$66.36m	$551.1m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$62.09m	$331.85m
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$50.56m	$12.18m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$38.91m	—
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$18.35m	$244.02m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$18.06m	$8.47m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$3.55m	$28,067
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$2.71m	$2.52m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$898,649	—

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Markets

Loading CBBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 203 pools

Pool	Reference	Protocol
1 aEthcbBTCAave Ethereum cbBTC	cbBTC	Aave V3	$1.325b	+$213.91m	<0.01%	—	Stable 82	2,246
2 spcbBTCSpark cbBTC	cbBTC	SparkLend	$457.86m	+$187.92m	<0.01%	—	Stable 68	290
3 aBascbBTCAave Base cbBTC	cbBTC	Aave V3	$202.82m	+$6.3m	0.01%	—	Stable 92	18,976
4 YB-cbBTCYield Basis cbBTC	crvUSD-cbBTC	Curve DEX	$58.05m	+$6.71m	4.50%	—	Mixed 45	3
5 cbBTCSOL/BTC Market	cbBTC	Kamino Lend	$41.16m	+$696,234	0.01%	—	Stable 73	—
6 aHyperBTCHyperithm Delta Neutral cbBTC Vault	cbBTC	Accountable🪂	$33.01m	+$518,894	3.82%3.60%+0.22%	—	Stable 99	66
7 g(yb-cbBTC)YB Gauge: yb-cbBTC	cbBTC	Yield Basis	$20.65m	—	4.69%+4.69%	—	Stable 89	216
8 WBTC-cbBTC	WBTC-cbBTC	Fluid DEX	$18.93m	—	1.26%	—	Mixed 62	0
9 cyb-cbbtcYB cbBTC	crvUSD-cbBTC	Curve DEX	$16.55m	+$578,139	6.81%	—	Mixed 44	13
10 WETH-cbBTC0.05%	WETH-cbBTC	Uniswap V3	$16.07m	—	34.40%	—	Mixed 65	0

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Borrow

Showing 10 of 138 routes

Use CBBTCBorrow CBBTC

Collateral / Borrow	Protocol
1 cbBTC / XAUt0Neverland Markets	Neverland	+3.14%	4.18%0.39%+3.79%	1.04%4.47%-3.43%	$52,657	70%
2 cbBTC / WETHNeverland Markets	Neverland	+2.94%	4.18%0.39%+3.79%	1.24%4.59%-3.36%	$13,562	70%
3 cbBTC / WBTCNeverland Markets	Neverland	+2.30%	4.18%0.39%+3.79%	1.88%4.96%-3.08%	$290,672	70%
4 cbBTC / USDCCore / Main	Aave V4	+1.95%	0.01%	-1.94%5.67%-7.61%	$7.93m	85%
5 cbBTC / WMONNeverland Markets	Neverland	+0.20%	4.18%0.39%+3.79%	3.98%9.45%-5.47%	$112,393	70%
6 cbBTC / tBTCFrozen	SparkLend	+<0.01%	<0.01%	<0.01%	$1.29m	81%
7 cbBTC / weETH	Euler V2	-0.01%	0.00%	0.01%	$199,636	68%
8 cbBTC / LBTC	Euler V2	-0.03%	0.00%	0.03%	$49,984	88%
9 cbBTC / WBTC	Euler V2	-0.04%	0.00%	0.04%	$396,705	90%
10 cbBTC / wstETH	Euler V2	-0.04%	0.00%	0.04%	$10,428	71%

Loading borrow routes...

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Protocol	Chain
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$257.1m	$1.545b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$66.36m	$551.1m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$62.09m	$331.85m
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$50.56m	$12.18m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$38.91m	—
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$18.35m	$244.02m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$18.06m	$8.47m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$3.55m	$28,067
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$2.71m	$2.52m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$898,649	—