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Coinbase Wrapped BTC(CBBTC)

Token Price$64,498

24h Change+4.09%

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

Market Cap$6.144b

Fully Diluted Valuation$6.144b

Circ. Supply95,258 CBBTC

Volume 24h$368.37m

CEX Volume$0

DEX Volume$379.43m

Risks

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

Maximum possible exposure to CBBTC

$2.553b

$493.11m (max additional borrows against CBBTC) + $2.06b (bad debt if CBBTC was hacked now)

Aave V3

$606.44m at-risk exposure = $416.12m bad debt if hacked + $190.32m additional borrowable against CBBTC

Morpho V1

$1.743b at-risk exposure = $1.558b bad debt if hacked + $184.44m additional borrowable against CBBTC

Compound V3

$68.03m at-risk exposure = $11.35m bad debt if hacked + $56.68m additional borrowable against CBBTC

Fluid

$37.98m at-risk exposure = $7.47m bad debt if hacked + $30.5m additional borrowable against CBBTC

SparkLend

$73.01m at-risk exposure = $46.87m bad debt if hacked + $26.14m additional borrowable against CBBTC

Euler V2

$4.3m at-risk exposure = -- bad debt if hacked + $4.3m additional borrowable against CBBTC

Neverland

$719,432 at-risk exposure = -- bad debt if hacked + $719,432 additional borrowable against CBBTC

Maple

$20.01m at-risk exposure = $20.01m bad debt if hacked + $0 additional borrowable against CBBTC

Methodology and limitations

Showing collateral exposure for CBBTC on onchain. Max Borrowableuses 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
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$147.87m	$416.12m
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$138.33m	$1.249b
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$55.2m	$11.35m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$42.45m	—
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$32.57m	$309.61m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$26.14m	$46.87m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$25.85m	$4.4m
Morpho V1	Tempo	cbBTC0x20c000000000000000000000c412ec89d0c08be5	$13.55m	$21,049
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.59m	$3.07m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$3.39m	—

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Rows per page

Token Usage

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Liquidations

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Yields

Showing 10 of 787 pools

Pool	Project
open in new tab USDC-CBBTCCL2000 - 0.0336%	Aerodrome Slipstream	$5.08m	312%	296%	16.69%	319%
open in new tab USDC-CBBTCCL1 - 0.0136%	Aerodrome Slipstream	$644,972	8231%		8231%	11418%
open in new tab CBETH-CBBTCCL10 - 0.0307%	Aerodrome Slipstream	$644,040	365%		365%	411%
open in new tab SOL-CBBTCCL10 - 0.035%	Aerodrome Slipstream	$322,227	339%		339%	1013%
open in new tab WETH-CBBTCCL1 - 0.0085%	Aerodrome Slipstream	$281,514	1401%		1401%	3586%
open in new tab CBBTC-CHAMP	Aerodrome V1	$111,686	310%		310%	172%
open in new tab CBBTC-EDGEAerodrome	Beefy	$49,193	517%			138%
open in new tab USDC-CBBTCCL1 - 0.01%	Aerodrome Slipstream	$45,986	1025%		1025%	28323%
open in new tab WBTC-USDTCL - 10	🪂Supernova CL	$34,174	21307%	0%	21307%	13142%
open in new tab WBTC-WETHCL - 10	🪂Supernova CL	$13,418	8284%	0%	8284%	8414%

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Borrow

Showing 10 of 6468 routes

Pool	Project
open in new tabCBBTC ➞ VVV	Neverland	$737,460	18.90%	6.55%	17.64%	70%	$263,622	$119,627
open in new tabCBBTC ➞ VVV	Moonwell Lending	$737,460	15.34%	0.34%	17.64%	85%	$11.9m	$1.92m
open in new tabCBBTC ➞ VVV	Jupiter Lend	$737,460	15.00%	0%	17.64%	85%	$9.02m	$5.47m
open in new tabCBBTC ➞ VVV	Jupiter Lend	$737,460	15.00%	0%	17.64%	85%	$3.82m	$2.95m
open in new tabCBBTC ➞ VVV	Jupiter Lend	$737,460	15.00%	0%	17.64%	85%	$296,907	$203,195
open in new tabCBBTC ➞ VVV	Jupiter Lend	$737,460	15.00%	0%	17.64%	85%	$293,661	$175,215
open in new tabCBBTC ➞ VVV	SparkLend	$737,460	14.29%	0%	17.64%	81%	$122.92m	$3.06m
open in new tabCBBTC ➞ VVV	Compound V3	$737,460	14.11%	0%	17.64%	80%	$19.73m
open in new tabCBBTC ➞ VVV	Compound V3	$737,460	14.11%	0%	17.64%	80%	$6.77m
open in new tabCBBTC ➞ VVV	Compound V3	$737,460	14.11%	0%	17.64%	80%	$5.94m

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