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Wrapped Bitcoin(WBTC)

Token Price$78,382-1.73%over 24h

All Time HighOct 6, 2025$125,932

All Time LowApr 1, 2019$3,139

Key Metrics

Market Cap$9.103b

Fully Diluted Valuation$9.103b

Circ. Supply116,132.18 WBTC

Volume 24h$47.16m

CEX$47.16m

Spot$47.16m

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 WBTC as collateral across lending protocols.

Maximum possible exposure to WBTC

$2.469b

$74.24m (max additional borrows against WBTC) + $2.395b (bad debt if WBTC was hacked now)

Morpho V1

$289.64m at-risk exposure = $243.7m bad debt if hacked + $45.94m additional borrowable against WBTC

SparkLend

$65.39m at-risk exposure = $45.52m bad debt if hacked + $19.87m additional borrowable against WBTC

Euler V2

$6.05m at-risk exposure = $198,679 bad debt if hacked + $5.85m additional borrowable against WBTC

Neverland

$2.19m at-risk exposure = -- bad debt if hacked + $2.19m additional borrowable against WBTC

Compound V3

$201.84m at-risk exposure = $201.44m bad debt if hacked + $400,690 additional borrowable against WBTC

Aave V3

$744.08m at-risk exposure = $744.08m bad debt if hacked + $0 additional borrowable against WBTC

Maple

$1.16b at-risk exposure = $1.16b bad debt if hacked + $0 additional borrowable against WBTC

Methodology and limitations

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

Protocol	Chain
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$45.9m	$243.13m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$19.87m	$45.52m
Euler V2	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$4.11m	$198,677
Neverland	Monad	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$2.19m	—
Euler V2	Unichain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$1.67m	$0.029
Compound V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$400,690	$1.82m
Euler V2	Berachain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$65,996	$1.33
Morpho V1	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$34,063	$434,825
Morpho V1	Monad	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$2,011	$136,404
Euler V2	Monad	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$1,025	$0.097

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Markets

Loading WBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 258 pools

Pool	Reference	Protocol
1 aEthWBTCAave Ethereum WBTC	WBTC	Aave V3	$2.695b	-$4.66m	<0.01%	Stable 98	11,389
2 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$554.51m	-$27.03m	0.52%	Mixed 55	22,947
3 WBTCSolvBTC	WBTC	Solv Basis Trading	$186.78m		0.00%	Stable 100
4 spWBTCSpark WBTC	WBTC	SparkLend	$179.08m	-$3.46m	<0.01%	Stable 100	230
5 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$69.69m	-$822,691	1.38%	Mixed 40	4,953
6 YB-WBTCYield Basis WBTC	crvUSD-WBTC	Curve DEX	$59.69m	-$5.85m	2.17%	Mixed 42	2
7 WBTCCore	WBTC	Aave V4	$47.65m	+$7.69m	<0.01%	Stable 83	0
8 WBTC-WETH0.05%	WBTC-WETH	Uniswap V3	$40.36m		10.76%	Mixed 34	0
9 WBTC-WETH0.3%	WBTC-WETH	Uniswap V3	$37.14m		3.64%	Volatile 23	0
10 WBTCPrime	WBTC	Aave V4	$27.96m	+$622,026	0.00%	Stable 100	0

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Borrow

Showing 10 of 165 routes

Use WBTCBorrow WBTC

Collateral / Borrow	Protocol
1 WBTC / cbBTCNeverland Markets	Neverland	+10.70%	8.73%0.26%+8.46%	-1.97%4.95%-6.93%	$98,532	70%
2 WBTC / WETHNeverland Markets	Neverland	+8.16%	8.73%0.26%+8.46%	0.57%4.58%-4.01%	$442,535	70%
3 WBTC / XAUt0Neverland Markets	Neverland	+6.60%	8.73%0.26%+8.46%	2.13%4.82%-2.69%	$33,385	70%
4 WBTC / USDC.e	LayerBank	+6.57%	1.58%0.76%+0.83%	-4.99%5.77%-10.76%	$10,850	7%
5 WBTC / WMONNeverland Markets	Neverland	+4.75%	8.73%0.26%+8.46%	3.97%10.30%-6.33%	$163,671	70%
6 WBTC / USDCNeverland Markets	Neverland	+3.39%	8.73%0.26%+8.46%	5.33%5.54%-0.21%	$493,556	70%
7 WBTC / USDT0Neverland Markets	Neverland	+3.31%	8.73%0.26%+8.46%	5.42%5.60%-0.18%	$724,865	70%
8 WBTC / AUSDNeverland Markets	Neverland	+3.08%	8.73%0.26%+8.46%	5.65%6.17%-0.52%	$210,430	70%
9 WBTC / suiUSDT	Scallop Lend	+1.51%	3.42%	1.91%6.39%-4.48%	$319,219	70%
10 WBTC / USDSUI	Scallop Lend	+0.60%	3.42%	2.82%10.17%-7.35%	$20,647	70%

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Overview