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Wrapped Bitcoin(WBTC)

Token Price$81,988+0.55%over 24h

All Time HighOct 6, 2025$125,932

All Time LowApr 1, 2019$3,139

Key Metrics

Market Cap$9.52b

Fully Diluted Valuation$9.52b

Circ. Supply116,132.18 WBTC

Volume 24h$40.38m

CEX$39.72m

Spot$39.72m

USD Perp$0

COIN Perp$0

DEX$662,305

Spot$662,305

USD Perp$0

COIN Perp$0

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Risks

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

Maximum possible exposure to WBTC

$3.081b

$486.44m (max additional borrows against WBTC) + $2.595b (bad debt if WBTC was hacked now)

Aave V3

$1.096b at-risk exposure = $809.34m bad debt if hacked + $286.89m additional borrowable against WBTC

Compound V3

$296.79m at-risk exposure = $208.55m bad debt if hacked + $88.25m additional borrowable against WBTC

Fluid

$65.55m at-risk exposure = $22.69m bad debt if hacked + $42.87m additional borrowable against WBTC

Morpho V1

$282.44m at-risk exposure = $243.39m bad debt if hacked + $39.04m additional borrowable against WBTC

SparkLend

$66.94m at-risk exposure = $46.02m bad debt if hacked + $20.93m additional borrowable against WBTC

Euler V2

$6.21m at-risk exposure = $216,822 bad debt if hacked + $6m additional borrowable against WBTC

Neverland

$2.47m at-risk exposure = -- bad debt if hacked + $2.47m additional borrowable against WBTC

Maple

$1.264b at-risk exposure = $1.264b bad debt if hacked + $0 additional borrowable against WBTC

Methodology and limitations

Showing collateral exposure for WBTC 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 WBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Aave V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$244.04m	$722.29m
Compound V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$79.71m	$194.89m
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$34.65m	$234.84m
Aave V3	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$26.73m	$64.02m
Fluid	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$23.33m	$18.61m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$20.93m	$46.02m
Fluid	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$18.78m	$3.46m
Aave V3	Polygon	WBTC0x1bfd67037b42cf73acf2047067bd4f2c47d9bfd6	$8.8m	$23.03m
Compound V3	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$7.72m	$10.57m
Aave V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$7.32m	—

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Markets

Loading WBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 482 pools

Pool	Reference	Protocol
1 aEthWBTCAave Ethereum WBTC	WBTC	Aave V3	$2.8b	<0.01%	Stable 96	11,044
2 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$632.22m	0.19%	Mixed 56	22,866
3 aArbWBTCAave Arbitrum WBTC	WBTC	Aave V3	$250.66m	0.02%	Stable 86	15,492
4 WBTCSolvBTC	WBTC	Solv Basis Trading	$201.6m	0.00%	Stable 100
5 spWBTCSpark WBTC	WBTC	SparkLend	$187.44m	<0.01%	Stable 100	218
6 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$73.18m	1.01%	Volatile 32	5,061
7 YB-WBTCYield Basis WBTC	crvUSD-WBTC	Curve DEX	$70.03m	2.16%	Mixed 52	2
8 aPolWBTCAave Polygon WBTC	WBTC	Aave V3	$69.96m	0.01%	Stable 98	28,368
9 GMGMX Market	WBTC-USDC	GMX V2 Perps	$57.51m	2.89%	Stable 74	29,721
10 WBTCSolvBTC	WBTC	Solv Basis Trading	$46.65m	0.00%	Stable 100

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Borrow

Showing 10 of 307 routes

Use WBTCBorrow WBTC

Collateral / Borrow	Protocol
1 WBTC / USDC.e	LayerBank	+8.16%	1.67%0.76%+0.92%	-6.48%5.68%-12.16%	$11,193	7%
2 WBTC / cbBTCNeverland Markets	Neverland	+6.48%	6.98%0.38%+6.60%	0.50%4.91%-4.41%	$177,063	70%
3 WBTC / WETHNeverland Markets	Neverland	+6.03%	6.98%0.38%+6.60%	0.94%4.26%-3.32%	$467,036	70%
4 WBTC / XAUt0Neverland Markets	Neverland	+5.06%	6.98%0.38%+6.60%	1.92%4.52%-2.60%	$29,663	70%
5 WBTC / WMONNeverland Markets	Neverland	+3.37%	6.98%0.38%+6.60%	3.61%10.48%-6.87%	$260,392	70%
6 wBTC / XBTCMainMarket	Current🪂	+2.71%	3.21%0.17%+3.04%	0.50%	$561,189	70%
7 WBTC / AUSDNeverland Markets	Neverland	+2.48%	6.98%0.38%+6.60%	4.50%7.78%-3.28%	$385,796	70%
8 WBTC / USDCCore / Main	Aave V4	+1.99%	<0.01%	-1.99%6.13%-8.12%	$2.63m	78%
9 WBTC / USDCPrime / Bluechip	Aave V4	+1.99%	0.00%	-1.99%6.13%-8.12%	$1.4m	84.5%
10 wBTC / SUIMainMarket	Current🪂	+1.89%	3.21%0.17%+3.04%	1.31%1.63%-0.31%	$2.33m	70%

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Overview