Coinbase Wrapped BTC(CBBTC)

Token Price$80,455-0.48%over 24h

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

Market Cap$7.729b

Fully Diluted Valuation$7.729b

Circ. Supply96,075.31 CBBTC

Volume 24h$250.18m

CEX Volume$0

DEX Volume$244.94m

Website X/Twitter

Risks

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

Maximum possible exposure to CBBTC

$2.503b

$524.27m (max additional borrows against CBBTC) + $1.979b (bad debt if CBBTC was hacked now)

Morpho V1

$2.185b at-risk exposure = $1.964b bad debt if hacked + $220.3m additional borrowable against CBBTC

Aave V3

$208.42m at-risk exposure = -- bad debt if hacked + $208.42m additional borrowable against CBBTC

Compound V3

$57.45m at-risk exposure = -- bad debt if hacked + $57.45m additional borrowable against CBBTC

SparkLend

$26.88m at-risk exposure = -- bad debt if hacked + $26.88m additional borrowable against CBBTC

Euler V2

$5.57m at-risk exposure = $78,395 bad debt if hacked + $5.49m additional borrowable against CBBTC

Fluid

$7.1m at-risk exposure = $2.39m bad debt if hacked + $4.71m additional borrowable against CBBTC

Neverland

$1.02m at-risk exposure = -- bad debt if hacked + $1.02m additional borrowable against CBBTC

Maple

$11.86m at-risk exposure = $11.86m bad debt if hacked + $0 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	$180.99m	$1.618b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$149.32m	—
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$59.1m	—
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$56.12m	—
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$39.17m	$346.42m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$26.88m	—
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.71m	$2.39m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.7m	$33,115
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$1.33m	—
Neverland	Monad	cbBTC0xd18b7ec58cdf4876f6afebd3ed1730e4ce10414b	$1.02m	—

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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 239 pools

Pool	Reference	Protocol
1 aEthcbBTCAave Ethereum cbBTC	cbBTC	Aave V3	$1.405b	<0.01%	Stable 91	1,983
2 spcbBTCSpark cbBTC	cbBTC	SparkLend	$276.62m	<0.01%	Mixed 60	270
3 aBascbBTCAave Base cbBTC	cbBTC	Aave V3	$243.19m	0.01%	Stable 95	17,830
4 YB-cbBTCYield Basis cbBTC	crvUSD-cbBTC	Curve DEX	$56.62m	4.75%	Stable 68	2
5 cbBTCSOL/BTC Market	cbBTC	Kamino Lend	$51.11m	<0.01%	Stable 69
6 aHyperBTCHyperithm Delta Neutral cbBTC Vault	cbBTC	Accountable🪂	$40.57m	4.47%4.11%+0.35%	Stable 89	55
7 g(yb-cbBTC)YB Gauge: yb-cbBTC	cbBTC	Yield Basis	$23.06m	6.03%+6.03%	Stable 87	196
8 cyb-cbbtcYB cbBTC	crvUSD-cbBTC	Curve DEX	$21.19m	2.49%	Mixed 53	8
9 WBTC-cbBTC	WBTC-cbBTC	Fluid DEX	$18.85m	0.75%	Stable 68	0
10 WETH-cbBTC0.05%	WETH-cbBTC	Uniswap V3	$17.27m	21.25%	Stable 78	0

Loading yield pools...

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Borrow

Showing 10 of 138 routes

Use CBBTCBorrow CBBTC

Collateral / Borrow	Protocol
1 cbBTC / WBTCNeverland Markets	Neverland	+3.48%	4.09%0.59%+3.50%	0.61%4.44%-3.83%	$369,399	70%
2 cbBTC / WETHNeverland Markets	Neverland	+3.41%	4.09%0.59%+3.50%	0.69%4.46%-3.78%	$454,065	70%
3 cbBTC / USDCCore / Main	Aave V4	+1.94%	0.01%	-1.93%6.00%-7.93%	$5.55m	78%
4 cbBTC / USDCPrime / Bluechip	Aave V4	+1.93%	0.00%	-1.93%6.00%-7.93%	$407,580	84.5%
5 cbBTC / XAUt0Neverland Markets	Neverland	+1.92%	4.09%0.59%+3.50%	2.17%4.72%-2.55%	$32,160	70%
6 cbBTC / USDCPrime / Bluechip	Aave V4	+0.93%	0.00%	-0.93%5.33%-6.27%	$1.08m	84.5%
7 cbBTC / WMONNeverland Markets	Neverland	+0.17%	4.09%0.59%+3.50%	3.92%10.40%-6.48%	$106,080	70%
8 cbBTC / cbETH	Euler V2	-0.01%	0.00%	0.01%	$90,569	68%
9 cbBTC / LBTC	Euler V2	-0.02%	0.00%	0.02%	$97,767	88%
10 cbBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$268,977	68%

Loading borrow routes...

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Protocol	Chain
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$180.99m	$1.618b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$149.32m	—
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$59.1m	—
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$56.12m	—
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$39.17m	$346.42m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$26.88m	—
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.71m	$2.39m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.7m	$33,115
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$1.33m	—
Neverland	Monad	cbBTC0xd18b7ec58cdf4876f6afebd3ed1730e4ce10414b	$1.02m	—