Coinbase Wrapped BTC(CBBTC)

Token Price$64,899+2.50%over 24h

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

Market Cap$6.885b

Fully Diluted Valuation$6.885b

Circ. Supply106,084.92 CBBTC

Volume 24h$638.45m

CEX Volume$0

DEX Volume$739.56m

Website X/Twitter

Risks

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

Maximum possible exposure to CBBTC

$3.18b

$497.09m (max additional borrows against CBBTC) + $2.683b (bad debt if CBBTC was hacked now)

Morpho V1

$2.165b at-risk exposure = $1.867b bad debt if hacked + $297.87m additional borrowable against CBBTC

Aave V3

$648.14m at-risk exposure = $551.19m bad debt if hacked + $96.95m additional borrowable against CBBTC

Compound V3

$63.54m at-risk exposure = $12.14m bad debt if hacked + $51.4m additional borrowable against CBBTC

SparkLend

$270.04m at-risk exposure = $241.71m bad debt if hacked + $28.33m additional borrowable against CBBTC

Fluid

$29.41m at-risk exposure = $10.97m bad debt if hacked + $18.44m additional borrowable against CBBTC

Euler V2

$4.17m at-risk exposure = $67,567 bad debt if hacked + $4.11m additional borrowable against CBBTC

Neverland

$3.67 at-risk exposure = — bad debt if hacked + $3.67 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	$249.51m	$1.535b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$58.7m	$551.19m
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$50.52m	$12.14m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$48.36m	$331.96m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$38.25m	—
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$28.33m	$241.71m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$15.71m	$8.44m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$3.72m	$28,333
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$2.74m	$2.52m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$874,392	—

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Markets

Updated 23h ago

AllDEX

Pairs1

24h Volume$0Insufficient baseline

Spot

Venue	Pair
Native	CBBTC/USDC	82,792.88 USDC	0%	—	—	—	—	0.000%	0.000%

Loading CBBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 206 pools

Pool	Reference	Protocol
1 aEthcbBTCAave Ethereum cbBTC	cbBTC	Aave V3	$1.392b	+$226.81m	<0.01%	—	Stable 82	2,246
2 spcbBTCSpark cbBTC	cbBTC	SparkLend	$481.91m	+$164.74m	<0.01%	—	Stable 68	290
3 aBascbBTCAave Base cbBTC	cbBTC	Aave V3	$213.41m	+$5.86m	0.01%	—	Stable 92	18,976
4 YB-cbBTCYield Basis cbBTC	crvUSD-cbBTC	Curve DEX	$59.12m	+$5.42m	4.65%	—	Mixed 45	3
5 cbBTCSOL/BTC Market	cbBTC	Kamino Lend	$42.29m	-$153,699	0.01%	—	Stable 73	—
6 aHyperBTCHyperithm Delta Neutral cbBTC Vault	cbBTC	Accountable🪂	$34.4m	+$521,883	3.82%3.60%+0.22%	—	Stable 99	66
7 g(yb-cbBTC)YB Gauge: yb-cbBTC	cbBTC	Yield Basis	$21.53m	—	4.69%+4.69%	—	Stable 89	216
8 WBTC-cbBTC	WBTC-cbBTC	Fluid DEX	$20.21m	—	1.26%	—	Mixed 62	0
9 WETH-cbBTC0.05%	WETH-cbBTC	Uniswap V3	$17.21m	—	34.47%	—	Mixed 65	0
10 cyb-cbbtcYB cbBTC	crvUSD-cbBTC	Curve DEX	$16.95m	+$848,601	6.92%	—	Mixed 44	13

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Borrow

Showing 10 of 139 routes

Use CBBTCBorrow CBBTC

Collateral / Borrow	Protocol
1 cbBTC / XAUt0Neverland Markets	Neverland	+3.12%	4.16%0.39%+3.78%	1.04%4.47%-3.43%	$53,117	70%
2 cbBTC / WETHNeverland Markets	Neverland	+2.92%	4.16%0.39%+3.78%	1.25%4.59%-3.35%	$14,300	70%
3 cbBTC / WBTCNeverland Markets	Neverland	+2.27%	4.16%0.39%+3.78%	1.89%4.96%-3.07%	$303,697	70%
4 cbBTC / USDCCore / Main	Aave V4	+1.95%	0.01%	-1.94%5.67%-7.61%	$7.94m	85%
5 cbBTC / WMONNeverland Markets	Neverland	+0.10%	4.16%0.39%+3.78%	4.06%9.51%-5.45%	$76,327	70%
6 cbBTC / tBTCFrozen	SparkLend	+<0.01%	<0.01%	<0.01%	$1.34m	81%
7 cbBTC / weETH	Euler V2	-0.01%	0.00%	0.01%	$210,133	68%
8 cbBTC / LBTC	Euler V2	-0.03%	0.00%	0.03%	$51,950	88%
9 cbBTC / WBTC	Euler V2	-0.04%	0.00%	0.04%	$414,484	90%
10 cbBTC / wstETH	Euler V2	-0.04%	0.00%	0.04%	$10,948	71%

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Protocol	Chain
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$249.51m	$1.535b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$58.7m	$551.19m
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$50.52m	$12.14m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$48.36m	$331.96m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$38.25m	—
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$28.33m	$241.71m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$15.71m	$8.44m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$3.72m	$28,333
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$2.74m	$2.52m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$874,392	—