tBTC(TBTC)

Token Price$74,371+1.84%over 24h

All Time HighOct 6, 2025$125,646

All Time LowSep 22, 2020$10,104

Key Metrics

Market Cap$303.33m

Fully Diluted Valuation$303.33m

Circ. Supply4,078.53 TBTC

Volume 24h$3,167

CEX$3,167

Spot$3,167

USD Perp$0

COIN Perp$0

DEX$0

Spot$0

USD Perp$0

COIN Perp$0

Website X/Twitter Telegram Discord

Risks

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

Maximum possible exposure to TBTC

$47.68m

$473,135 (max additional borrows against TBTC) + $47.21m (bad debt if TBTC was hacked now)

Fluid

$303,606 at-risk exposure = $75,570 bad debt if hacked + $228,037 additional borrowable against TBTC

Compound V3

$1.41m at-risk exposure = $1.26m bad debt if hacked + $148,554 additional borrowable against TBTC

Morpho V1

$939,227 at-risk exposure = $842,683 bad debt if hacked + $96,544 additional borrowable against TBTC

Aave V3

$44.67m at-risk exposure = $44.67m bad debt if hacked + $0 additional borrowable against TBTC

SparkLend

$354,395 at-risk exposure = $354,395 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.

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
Fluid	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$228,037	$75,570
Compound V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$148,554	$1.26m
Morpho V1	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$96,544	$842,683
Aave V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$44.49m
Aave V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$0	$185,058
SparkLend	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$354,395

Loading exposure details...

Markets

Loading TBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 64 pools

Pool	Reference	Protocol
1 aEthtBTCAave Ethereum tBTCFrozen	tBTC	Aave V3	$115.58m	-$12.95m	<0.01%	—	Stable 86	570
2 YB-tBTCYield Basis tBTC	crvUSD-tBTC	Curve DEX	$29.62m	-$5.25m	2.63%	—	Mixed 46	4
3 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$11.26m	—	2.79%+2.79%	—	Stable 94	124
4 2BTC-fCurve.fi Factory Plain Pool: tBTC/WBTC	WBTC-tBTC	Curve DEX	$10.63m	—	0.28%0.23%+0.06%	—	Mixed 46	23
5 yb-tBTCYield Basis liquidity for tBTC	tBTC	Yield Basis	$6.42m	—	1.09%	—	Mixed 49	281
6 tBTC-WBTC0.01%	tBTC-WBTC	Uniswap V3	$6.05m	—	1.48%	—	Mixed 46	0
7 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Curve DEX	$4.08m	—	9.67%7.94%+1.73%	—	Volatile 24	44
8 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Convex Finance	$3.92m	—	10.25%8.42%+2.68%	—	Volatile 25	44
9 TBTC-crvRenWSBTC	TBTC-crvRenWSBTC	Curve DEX	$3.77m	—	0.03%	—	Mixed 54	0
10 tBTC-WBTC0.05%	tBTC-WBTC	Uniswap V3	$1.66m	—	0.93%	—	Mixed 35	0

Loading yield pools...

Page 1 of 7

Borrow

Showing 10 of 32 routes

Use TBTCBorrow TBTC

Collateral / Borrow	Protocol
1 tBTC / xBTCSOL/BTC Market	Kamino Lend	+2.91%	3.22%	0.31%	$668,281	40%
2 tBTC / cbBTCSOL/BTC Market	Kamino Lend	+2.90%	3.22%	0.32%	$3.36m	40%
3 tBTC / WETHSOL/BTC Market	Kamino Lend	+1.43%	3.22%	1.79%	$71,163	40%
4 tBTC / wstETH	Dolomite	+0.14%	0.28%	0.14%	$13,358	86.96%
5 tBTC / weETH	Dolomite	+0.12%	0.28%	0.15%	$98,134	86.96%
6 tBTC / UNI	Dolomite	+0.12%	0.28%	0.16%	$3.27m	86.96%
7 tBTC / cbBTCFrozen	Extra Finance Xlend	-0.03%	0.00%	0.03%	$367,332	75%
8 tBTC / WETHFrozen	Extra Finance Xlend	-0.70%	0.00%	0.70%	$80,718	75%
9 tBTC / rETH	Dolomite	-0.96%	0.28%	1.23%	$31,855	86.96%
10 tBTC / LINK	Dolomite	-1.19%	0.28%	1.47%	$674,870	86.96%

Loading borrow routes...

Page 1 of 4

Protocol	Chain
Fluid	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$228,037	$75,570
Compound V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$148,554	$1.26m
Morpho V1	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$96,544	$842,683
Aave V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$44.49m
Aave V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$0	$185,058
SparkLend	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$354,395

Pool	Reference	Protocol
1 aEthtBTCAave Ethereum tBTCFrozen	tBTC	Aave V3	$115.58m	-$12.95m	<0.01%	—	Stable 86	570
2 YB-tBTCYield Basis tBTC	crvUSD-tBTC	Curve DEX	$29.62m	-$5.25m	2.63%	—	Mixed 46	4
3 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$11.26m	—	2.79%+2.79%	—	Stable 94	124
4 2BTC-fCurve.fi Factory Plain Pool: tBTC/WBTC	WBTC-tBTC	Curve DEX	$10.63m	—	0.28%0.23%+0.06%	—	Mixed 46	23
5 yb-tBTCYield Basis liquidity for tBTC	tBTC	Yield Basis	$6.42m	—	1.09%	—	Mixed 49	281
6 tBTC-WBTC0.01%	tBTC-WBTC	Uniswap V3	$6.05m	—	1.48%	—	Mixed 46	0
7 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Curve DEX	$4.08m	—	9.67%7.94%+1.73%	—	Volatile 24	44
8 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Convex Finance	$3.92m	—	10.25%8.42%+2.68%	—	Volatile 25	44
9 TBTC-crvRenWSBTC	TBTC-crvRenWSBTC	Curve DEX	$3.77m	—	0.03%	—	Mixed 54	0
10 tBTC-WBTC0.05%	tBTC-WBTC	Uniswap V3	$1.66m	—	0.93%	—	Mixed 35	0

Collateral / Borrow	Protocol
1 tBTC / xBTCSOL/BTC Market	Kamino Lend	+2.91%	3.22%	0.31%	$668,281	40%
2 tBTC / cbBTCSOL/BTC Market	Kamino Lend	+2.90%	3.22%	0.32%	$3.36m	40%
3 tBTC / WETHSOL/BTC Market	Kamino Lend	+1.43%	3.22%	1.79%	$71,163	40%
4 tBTC / wstETH	Dolomite	+0.14%	0.28%	0.14%	$13,358	86.96%
5 tBTC / weETH	Dolomite	+0.12%	0.28%	0.15%	$98,134	86.96%
6 tBTC / UNI	Dolomite	+0.12%	0.28%	0.16%	$3.27m	86.96%
7 tBTC / cbBTCFrozen	Extra Finance Xlend	-0.03%	0.00%	0.03%	$367,332	75%
8 tBTC / WETHFrozen	Extra Finance Xlend	-0.70%	0.00%	0.70%	$80,718	75%
9 tBTC / rETH	Dolomite	-0.96%	0.28%	1.23%	$31,855	86.96%
10 tBTC / LINK	Dolomite	-1.19%	0.28%	1.47%	$674,870	86.96%

Overview