24h Change-1.04%
All Time HighAug 24, 2025$4,946
All Time LowOct 20, 2015$0.43
Market Cap$197.555b
Fully Diluted Valuation$197.555b
Circ. Supply120.68m ETH
CEX Volume$4.398b
DEX Volume$2.541b
ICO · Jul 12, 2014$18.4m
How much debt can be issued against ETH as collateral across lending protocols.
Maximum possible exposure to ETH
$4.217b
$1.835b (max additional borrows against ETH) + $2.382b (bad debt if ETH was hacked now)
Aave V3
$2.606b at-risk exposure = $1.494b bad debt if hacked + $1.112b additional borrowable against ETH
Sky Lending
$784.12m at-risk exposure = $485.88m bad debt if hacked + $298.24m additional borrowable against ETH
SparkLend
$241.23m at-risk exposure = $110.81m bad debt if hacked + $130.42m additional borrowable against ETH
Compound V3
$177.36m at-risk exposure = $72.66m bad debt if hacked + $104.7m additional borrowable against ETH
Fluid
$157.56m at-risk exposure = $84.36m bad debt if hacked + $73.21m additional borrowable against ETH
Venus Core Pool
$71.92m at-risk exposure = $3.28m bad debt if hacked + $68.64m additional borrowable against ETH
Tydro
$30.55m at-risk exposure = -- bad debt if hacked + $30.55m additional borrowable against ETH
Morpho V1
$83.15m at-risk exposure = $74.35m bad debt if hacked + $8.8m additional borrowable against ETH
Euler V2
$6.59m at-risk exposure = $284,880 bad debt if hacked + $6.3m additional borrowable against ETH
Neverland
$1.34m at-risk exposure = -- bad debt if hacked + $1.34m additional borrowable against ETH
Venus Flux
$832,800 at-risk exposure = $50,106 bad debt if hacked + $782,695 additional borrowable against ETH
Lista Lending
$6,660 at-risk exposure = $6,209 bad debt if hacked + $451.21 additional borrowable against ETH
Maple
$56.31m at-risk exposure = $56.31m bad debt if hacked + $0 additional borrowable against ETH
Showing collateral exposure for ETH 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.
Each row is one protocol-chain exposure for ETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
ETH0x0000000000000000000000000000000000000000 | $899.13m | $1.433b | ||
ETH0x0000000000000000000000000000000000000000 | $298.24m | $485.88m | ||
ETH0x0000000000000000000000000000000000000000 | $130.42m | $110.81m | ||
ETH0x0000000000000000000000000000000000000000 | $87.43m | $72.36m | ||
ETH0x0000000000000000000000000000000000000000 | $76.87m | $54.79m | ||
WETH0x2170ed0880ac9a755fd29b2688956bd959f933f8 | $68.64m | $3.28m | ||
WETH0x4200000000000000000000000000000000000006 | $66.1m | — | ||
ETH0x0000000000000000000000000000000000000000 | $57.01m | — | ||
ETH0xeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee | $46.81m | $76.99m | ||
WETH0x4200000000000000000000000000000000000006 | $30.55m | — |
Risk-management actions published about ETH by tracked risk managers and governance contributors, newest first.
The Compound DAO is seeking professional managers to deploy its treasury reserves, including this asset, into active yield strategies. This initiative aims to move idle capital into more productive, risk-managed investments to generate higher returns for the DAO.
While the absolute notional of ETH in the basis-trade book fell by 9%, its share of the crypto basis portfolio increased from 64% to 74%, making the book more concentrated in ETH.
The KelpDAO exploit caused a severe ETH liquidity crunch, pushing utilization near 100% and temporarily constraining withdrawals from the ETH Lite Vault. A rapid aWETH redemption mechanism processed $440M in exits, covering all losses via fees and ensuring full user fund safety, with liquidity replenishment planned soon.
cETH reserves from v2 deprecation are being pulled, along with WETH from Arbitrum v3 above VaR buffer, to support treasury allocation; volatile portion subject to conversion risk managed through time-weighted strategies.
ETH allocations in Drift vaults, such as ALT3 Capital's ETH Gain strategy, faced potential losses from the attacker's manipulation of market parameters and withdrawals following the multisig breach.
SparkLend ETH deposit rate limits are being increased to accommodate expansion in the spETH vault, shifting reliance from strict caps to offchain alerting for risk events like volatility or outflows.
ETH's market depth on Mantle has exceeded isolation thresholds, allowing removal from isolation mode to boost composability and borrowing flexibility.
The ETH savings rewards rate calculation is updating to base on pro-rata net revenue from the Spark Liquidity Layer, plus a governance-defined spread, to reflect improved capital allocation efficiency and support additional backing assets beyond SparkLend ETH.
ETH is included as a core large-cap asset for portfolio margining in Spark Prime, allowing cross-correlation offsets and better capital efficiency while maintaining transparency into borrowers' positions.
ETH, as Base's native token, offers high onchain liquidity via Uniswap and Aerodrome, comparable to mainnet levels against USDC, with native deposits/withdrawals on exchanges like Coinbase. The 86% LLTV aligns with successful Morpho pools and SparkLend updates, using a reliable Chainlink ETHUSD oracle.
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Showing 10 of 4658 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWETH-USDTCL - 10 | 🪂 | $273,916 | 33739% | 0% | 33739% | 24475% | |||
| open in new tabUSDC-WETHCL - 10 | 🪂 | $58,327 | 43059% | 0% | 43059% | 23140% | |||
| open in new tabETH-ENA0.30% | $50,000 | 67579% | 67579% | 1890% | |||||
| open in new tabWETH-SCOUT1.20% | $49,265 | 22130% | 22130% | 6318% | |||||
| open in new tabETH-WOCT1.00% | $48,341 | 12897% | 12897% | 1544% | |||||
| open in new tabWETH-TRAC | $41,854 | 112555% | 70425% | ||||||
| open in new tabWETH-W | $38,577 | 32846% | 25039% | ||||||
| open in new tabWETH-FYP0.70% | $33,498 | 13147% | 13147% | 1985% | |||||
| open in new tabWETH-HOWDY3.00% | $25,696 | 36109% | 36109% | 5213% | |||||
| open in new tabWETH-DEADPool on Uniswap V3 | 🪂 | $13,383 | 100000% | 100000% | 98392% |
Showing 10 of 37830 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabETH ➞ CBBTC | $10.04m | 33.16% | 32.34% | 1.02% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ MORPHO | $9.06m | 38.26% | 32.34% | 7.40% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ LBTC | $3.08m | 33.13% | 32.34% | 0.98% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ CDCETH | $681,886 | 32.71% | 32.34% | 0.46% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ VVV | $664,572 | 43.42% | 32.34% | 13.84% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ USDT | $421,203 | 32.57% | 32.34% | 0.29% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ TBTC | $42,928 | 32.96% | 32.34% | 0.77% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ WBTC.E | $11,991 | 33.63% | 32.34% | 1.61% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ USDCX | $8,477 | 39.05% | 32.34% | 8.38% | 80% | $225,674 | $225,674 | ||
| open in new tabETH ➞ MOVE | $5,763 | 42.93% | 32.34% | 13.24% | 80% | $225,674 | $225,674 |
