tBTC(TBTC)

Token Price$83,352+0.05%over 24h

All Time HighOct 6, 2025$125,646

All Time LowSep 22, 2020$10,104

Key Metrics

Market Cap$342.44m

Fully Diluted Valuation$342.44m

Circ. Supply4,108.49 TBTC

Volume 24h$92.35

CEX$92.35

Spot$92.35

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 TBTC as collateral across lending protocols.

Maximum possible exposure to TBTC

$90.12m

$41.07m (max additional borrows against TBTC) + $49.05m (bad debt if TBTC was hacked now)

Compound V3

$39.85m at-risk exposure = $1.4m bad debt if hacked + $38.44m additional borrowable against TBTC

Aave V3

$48.91m at-risk exposure = $46.59m bad debt if hacked + $2.32m additional borrowable against TBTC

Fluid

$302,025 at-risk exposure = $82,146 bad debt if hacked + $219,879 additional borrowable against TBTC

Morpho V1

$732,433 at-risk exposure = $648,165 bad debt if hacked + $84,268 additional borrowable against TBTC

SparkLend

$322,504 at-risk exposure = $322,504 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.
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 TBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Compound V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$36.14m	$1.38m
Aave V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$2.32m	$46.36m
Compound V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$1.98m	$25,796
Compound V3	Base	tBTC0x236aa50979d5f3de3bd1eeb40e81137f22ab794b	$328,907	—
Fluid	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$219,879	$82,146
Morpho V1	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$84,268	$648,165
Aave V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$0	$234,892
SparkLend	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$322,504

Loading exposure details...

Markets

Loading TBTC markets...

Token Usage

Token usage needs a subscription

Yields

Showing 10 of 76 pools

Pool	Reference	Protocol
1 aEthtBTCAave Ethereum tBTC	tBTC	Aave V3	$146.84m	<0.01%	Stable 98	552
2 YB-tBTCYield Basis tBTC	crvUSD-tBTC	Curve DEX	$37.55m	2.37%	Mixed 48	2
3 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$14.27m	3.47%+3.47%	Stable 95	121
4 2BTC-fCurve.fi Factory Plain Pool: tBTC/WBTC	WBTC-tBTC	Curve DEX	$11.92m	0.15%0.09%+0.06%	Mixed 60	19
5 cyb-tbtcYB tBTC	crvUSD-tBTC	Curve DEX	$7.95m	2.40%	Mixed 54	8
6 yb-tBTCYield Basis liquidity for tBTC	tBTC	Yield Basis	$7.18m	1.08%	Mixed 64	295
7 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Curve DEX	$4.85m	3.28%1.51%+1.77%	Stable 90	37
8 tBTC-WBTC0.01%	tBTC-WBTC	Uniswap V3	$4.83m	0.81%	Mixed 50	0
9 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Convex Finance	$4.52m	4.30%1.51%+2.79%	Stable 92	37
10 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$4.25m	0.19%+0.19%	Stable 95	52

Loading yield pools...

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Borrow

Showing 10 of 56 routes

Use TBTCBorrow TBTC

Collateral / Borrow	Protocol
1 tBTC / xBTCSOL/BTC Market	Kamino Lend	+2.43%	2.62%	0.19%	$3.95m	40%
2 tBTC / cbBTCSOL/BTC Market	Kamino Lend	+2.41%	2.62%	0.22%	$40.23m	40%
3 tBTC / WETHSOL/BTC Market	Kamino Lend	+0.99%	2.62%	1.63%	$2.65m	40%
4 tBTC / JitoSOLSOL/BTC Market	Kamino Lend	+0.60%	2.62%	2.02%	$7.04m	40%
5 tBTC / JupSOLSOL/BTC Market	Kamino Lend	+0.56%	2.62%	2.06%	$5.23m	40%
6 tBTC / PSOLSOL/BTC Market	Kamino Lend	+0.48%	2.62%	2.14%	$711,932	40%
7 tBTC / mSOLSOL/BTC Market	Kamino Lend	+0.45%	2.62%	2.17%	$3.04m	40%
8 tBTC / weETH	Dolomite	+<0.01%	0.25%	0.24%	$129,608	86.96%
9 tBTC / UNI	Dolomite	-0.14%	0.25%	0.39%	$2.9m	86.96%
10 tBTC / cbBTC	Aave V3	-0.29%	<0.01%	0.29%	$109.8m	73%

Loading borrow routes...

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Protocol	Chain
Compound V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$36.14m	$1.38m
Aave V3	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$2.32m	$46.36m
Compound V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$1.98m	$25,796
Compound V3	Base	tBTC0x236aa50979d5f3de3bd1eeb40e81137f22ab794b	$328,907	—
Fluid	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$219,879	$82,146
Morpho V1	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$84,268	$648,165
Aave V3	Arbitrum	tbtc0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40	$0	$234,892
SparkLend	Ethereum	tBTC0x18084fba666a33d37592fa2633fd49a74dd93a88	$0	$322,504

Pool	Reference	Protocol
1 aEthtBTCAave Ethereum tBTC	tBTC	Aave V3	$146.84m	<0.01%	Stable 98	552
2 YB-tBTCYield Basis tBTC	crvUSD-tBTC	Curve DEX	$37.55m	2.37%	Mixed 48	2
3 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$14.27m	3.47%+3.47%	Stable 95	121
4 2BTC-fCurve.fi Factory Plain Pool: tBTC/WBTC	WBTC-tBTC	Curve DEX	$11.92m	0.15%0.09%+0.06%	Mixed 60	19
5 cyb-tbtcYB tBTC	crvUSD-tBTC	Curve DEX	$7.95m	2.40%	Mixed 54	8
6 yb-tBTCYield Basis liquidity for tBTC	tBTC	Yield Basis	$7.18m	1.08%	Mixed 64	295
7 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Curve DEX	$4.85m	3.28%1.51%+1.77%	Stable 90	37
8 tBTC-WBTC0.01%	tBTC-WBTC	Uniswap V3	$4.83m	0.81%	Mixed 50	0
9 crvCRVUSDTBTCWSTETHTricryptoLLAMA	crvUSD-tBTC-wstETH	Convex Finance	$4.52m	4.30%1.51%+2.79%	Stable 92	37
10 g(yb-tBTC)YB Gauge: yb-tBTC	tBTC	Yield Basis	$4.25m	0.19%+0.19%	Stable 95	52

Collateral / Borrow	Protocol
1 tBTC / xBTCSOL/BTC Market	Kamino Lend	+2.43%	2.62%	0.19%	$3.95m	40%
2 tBTC / cbBTCSOL/BTC Market	Kamino Lend	+2.41%	2.62%	0.22%	$40.23m	40%
3 tBTC / WETHSOL/BTC Market	Kamino Lend	+0.99%	2.62%	1.63%	$2.65m	40%
4 tBTC / JitoSOLSOL/BTC Market	Kamino Lend	+0.60%	2.62%	2.02%	$7.04m	40%
5 tBTC / JupSOLSOL/BTC Market	Kamino Lend	+0.56%	2.62%	2.06%	$5.23m	40%
6 tBTC / PSOLSOL/BTC Market	Kamino Lend	+0.48%	2.62%	2.14%	$711,932	40%
7 tBTC / mSOLSOL/BTC Market	Kamino Lend	+0.45%	2.62%	2.17%	$3.04m	40%
8 tBTC / weETH	Dolomite	+<0.01%	0.25%	0.24%	$129,608	86.96%
9 tBTC / UNI	Dolomite	-0.14%	0.25%	0.39%	$2.9m	86.96%
10 tBTC / cbBTC	Aave V3	-0.29%	<0.01%	0.29%	$109.8m	73%

Overview