tBTC(TBTC)

Token Price$77,543+0.81%over 24h

All Time HighOct 6, 2025$125,646

All Time LowSep 22, 2020$10,104

Key Metrics

Market Cap$324.53m

Fully Diluted Valuation$324.53m

Circ. Supply4,185.16 TBTC

Volume 24h$45,659

CEX$45,659

Spot$45,659

USD Perp$0

COIN Perp$0

DEX$0

Spot$0

USD Perp$0

COIN Perp$0

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Risks

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

Maximum possible exposure to TBTC

$76.48m

$28.1m (max additional borrows against TBTC) + $48.37m (bad debt if TBTC was hacked now)

Compound V3

$29.07m at-risk exposure = $1.07m bad debt if hacked + $28m additional borrowable against TBTC

Morpho V1

$867,977 at-risk exposure = $764,545 bad debt if hacked + $103,432 additional borrowable against TBTC

Aave V3

$46.2m at-risk exposure = $46.2m bad debt if hacked + $0 additional borrowable against TBTC

SparkLend

$338,018 at-risk exposure = $338,018 bad debt if hacked + $0 additional borrowable against TBTC

Methodology and limitations

Showing collateral exposure for TBTC 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 TBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Compound V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$25.67m	$1.06m
Compound V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$2.03m	$14,546
Compound V3	Base	tBTC0x236aa50979d5f3de3bd1eeb40e81137f22ab794b	$305,872	—
Morpho V1	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$103,432	$764,545
Aave V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$46m
Aave V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$0	$193,337
SparkLend	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$338,018

Loading exposure details...

Markets

Loading TBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 63 pools

Pool	Reference	Protocol
1 aEthtBTCAave Ethereum tBTCFrozen	tBTC	Aave V3	$135.31m	-$2.48m	<0.01%	—	Stable 99	567
2 YB-tBTCYield Basis tBTC	crvUSD-tBTC	Curve DEX	$35.9m	+$425,573	1.91%	—	Mixed 44	2
3 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$12.28m	—	2.97%+2.97%	—	Stable 92	123
4 2BTC-fCurve.fi Factory Plain Pool: tBTC/WBTC	WBTC-tBTC	Curve DEX	$11.13m	—	0.17%0.12%+0.06%	—	Mixed 61	21
5 tBTC-WBTC0.01%	tBTC-WBTC	Uniswap V3	$6.29m	—	0.95%	—	Mixed 46	0
6 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Curve DEX	$4.28m	—	9.34%7.53%+1.81%	—	Volatile 23	41
7 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Convex Finance	$4.11m	—	10.30%7.48%+2.82%	—	Volatile 25	41
8 cyb-tbtcYB tBTC	crvUSD-tBTC	Curve DEX	$3.55m	-$3.54m	4.31%	—	Mixed 38	10
9 TBTCOmnipool	TBTC	Hydration DEX	$2.16m	—	4.23%0.40%+3.83%	—	Mixed 65	—
10 tBTC-WBTC0.05%	tBTC-WBTC	Uniswap V3	$1.73m	—	0.34%	—	Mixed 36	0

Loading yield pools...

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Borrow

Showing 10 of 38 routes

Use TBTCBorrow TBTC

Collateral / Borrow	Protocol
1 tBTC / xBTCSOL/BTC Market	Kamino Lend	+2.80%	3.10%	0.30%	$686,653	40%
2 tBTC / cbBTCSOL/BTC Market	Kamino Lend	+2.80%	3.10%	0.30%	$2.89m	40%
3 tBTC / WETHSOL/BTC Market	Kamino Lend	+1.35%	3.10%	1.76%	$59,602	40%
4 tBTC / wstETH	Dolomite	+0.13%	0.27%	0.14%	$15,802	86.96%
5 tBTC / UNI	Dolomite	+0.08%	0.27%	0.18%	$3.54m	86.96%
6 tBTC / weETH	Dolomite	+0.07%	0.27%	0.19%	$119,112	86.96%
7 tBTC / cbBTCFrozen	Extra Finance Xlend	-0.02%	0.00%	0.02%	$387,332	75%
8 tBTC / WETHFrozen	Extra Finance Xlend	-0.68%	0.00%	0.68%	$74,305	75%
9 tBTC / rETH	Dolomite	-0.94%	0.27%	1.21%	$34,938	86.96%
10 tBTC / LINK	Dolomite	-1.15%	0.27%	1.41%	$732,939	86.96%

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Protocol	Chain
Compound V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$25.67m	$1.06m
Compound V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$2.03m	$14,546
Compound V3	Base	tBTC0x236aa50979d5f3de3bd1eeb40e81137f22ab794b	$305,872	—
Morpho V1	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$103,432	$764,545
Aave V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$46m
Aave V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$0	$193,337
SparkLend	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$338,018

Pool	Reference	Protocol
1 aEthtBTCAave Ethereum tBTCFrozen	tBTC	Aave V3	$135.31m	-$2.48m	<0.01%	—	Stable 99	567
2 YB-tBTCYield Basis tBTC	crvUSD-tBTC	Curve DEX	$35.9m	+$425,573	1.91%	—	Mixed 44	2
3 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$12.28m	—	2.97%+2.97%	—	Stable 92	123
4 2BTC-fCurve.fi Factory Plain Pool: tBTC/WBTC	WBTC-tBTC	Curve DEX	$11.13m	—	0.17%0.12%+0.06%	—	Mixed 61	21
5 tBTC-WBTC0.01%	tBTC-WBTC	Uniswap V3	$6.29m	—	0.95%	—	Mixed 46	0
6 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Curve DEX	$4.28m	—	9.34%7.53%+1.81%	—	Volatile 23	41
7 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Convex Finance	$4.11m	—	10.30%7.48%+2.82%	—	Volatile 25	41
8 cyb-tbtcYB tBTC	crvUSD-tBTC	Curve DEX	$3.55m	-$3.54m	4.31%	—	Mixed 38	10
9 TBTCOmnipool	TBTC	Hydration DEX	$2.16m	—	4.23%0.40%+3.83%	—	Mixed 65	—
10 tBTC-WBTC0.05%	tBTC-WBTC	Uniswap V3	$1.73m	—	0.34%	—	Mixed 36	0

Collateral / Borrow	Protocol
1 tBTC / xBTCSOL/BTC Market	Kamino Lend	+2.80%	3.10%	0.30%	$686,653	40%
2 tBTC / cbBTCSOL/BTC Market	Kamino Lend	+2.80%	3.10%	0.30%	$2.89m	40%
3 tBTC / WETHSOL/BTC Market	Kamino Lend	+1.35%	3.10%	1.76%	$59,602	40%
4 tBTC / wstETH	Dolomite	+0.13%	0.27%	0.14%	$15,802	86.96%
5 tBTC / UNI	Dolomite	+0.08%	0.27%	0.18%	$3.54m	86.96%
6 tBTC / weETH	Dolomite	+0.07%	0.27%	0.19%	$119,112	86.96%
7 tBTC / cbBTCFrozen	Extra Finance Xlend	-0.02%	0.00%	0.02%	$387,332	75%
8 tBTC / WETHFrozen	Extra Finance Xlend	-0.68%	0.00%	0.68%	$74,305	75%
9 tBTC / rETH	Dolomite	-0.94%	0.27%	1.21%	$34,938	86.96%
10 tBTC / LINK	Dolomite	-1.15%	0.27%	1.41%	$732,939	86.96%

Overview