⌘K

Wrapped Bitcoin(WBTC)

Token Price$80,674+3.92%over 24h

All Time HighOct 6, 2025$125,932

All Time LowApr 1, 2019$3,139

Key Metrics

Market Cap$9.374b

Fully Diluted Valuation$9.374b

Circ. Supply116,132.18 WBTC

Volume 24h$28.66m

CEX$28.66m

Spot$28.66m

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 WBTC as collateral across lending protocols.

Maximum possible exposure to WBTC

$2.887b

$434.66m (max additional borrows against WBTC) + $2.453b (bad debt if WBTC was hacked now)

Aave V3

$1.019b at-risk exposure = $727.99m bad debt if hacked + $291.17m additional borrowable against WBTC

Compound V3

$284.51m at-risk exposure = $203.07m bad debt if hacked + $81.44m additional borrowable against WBTC

Morpho V1

$289.97m at-risk exposure = $253.47m bad debt if hacked + $36.5m additional borrowable against WBTC

SparkLend

$60.22m at-risk exposure = $40.85m bad debt if hacked + $19.37m additional borrowable against WBTC

Euler V2

$6.24m at-risk exposure = $208,432 bad debt if hacked + $6.03m additional borrowable against WBTC

Neverland

$147,445 at-risk exposure = — bad debt if hacked + $147,445 additional borrowable against WBTC

Maple

$1.227b at-risk exposure = $1.227b 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	$286.26m	$727.99m
Compound V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$81.03m	$201.23m
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$36.44m	$252.96m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$19.37m	$40.85m
Aave V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$4.91m	—
Euler V2	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$4.17m	$208,395
Euler V2	Unichain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$1.8m	$35.69
Compound V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$405,613	$1.83m
Neverland	Monad	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$147,445	—
Euler V2	Berachain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$66,370	$1.23

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Markets

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Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 259 pools

Pool	Reference	Protocol
1 aEthWBTCAave Ethereum WBTC	WBTC	Aave V3	$2.715b	-$28.66m	<0.01%	—	Stable 98	11,555
2 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$569.52m	-$16.98m	0.68%	—	Mixed 63	22,912
3 spWBTCSpark WBTC	WBTC	SparkLend	$195.49m	-$4.72m	<0.01%	—	Stable 100	238
4 WBTCSolvBTC	WBTC	Solv Basis Trading	$191.7m	—	0.00%	—	Stable 100	—
5 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$71.51m	-$526,076	1.70%	—	Mixed 45	4,934
6 YB-WBTCYield Basis WBTC	crvUSD-WBTC	Curve DEX	$55.11m	-$6.9m	2.76%	—	Mixed 37	2
7 WBTCCore	WBTC	Aave V4	$50.03m	+$5.36m	<0.01%	—	Stable 78	0
8 WBTC-WETH0.05%	WBTC-WETH	Uniswap V3	$39.88m	—	11.73%	—	Mixed 37	0
9 WBTC-WETH0.3%	WBTC-WETH	Uniswap V3	$39.67m	—	3.53%	—	Volatile 24	0
10 WBTCPrime	WBTC	Aave V4	$29.85m	+$1.04m	0.00%	—	Stable 100	0

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Borrow

Showing 10 of 181 routes

Use WBTCBorrow WBTC

Collateral / Borrow	Protocol
1 WBTC / cbBTCNeverland Markets	Neverland	+11.18%	8.96%0.49%+8.47%	-2.22%5.01%-7.23%	$53,978	70%
2 WBTC / WETHNeverland Markets	Neverland	+8.23%	8.96%0.49%+8.47%	0.73%4.58%-3.85%	$16,004	70%
3 WBTC / XAUt0Neverland Markets	Neverland	+7.05%	8.96%0.49%+8.47%	1.90%4.79%-2.88%	$56,174	70%
4 WBTC / WMONNeverland Markets	Neverland	+5.84%	8.96%0.49%+8.47%	3.12%9.31%-6.19%	$141,714	70%
5 WBTC / USDCNeverland Markets	Neverland	+3.54%	8.96%0.49%+8.47%	5.42%	$586,451	70%
6 WBTC / USDT0Neverland Markets	Neverland	+3.51%	8.96%0.49%+8.47%	5.45%	$530,831	70%
7 WBTC / AUSDNeverland Markets	Neverland	+2.99%	8.96%0.49%+8.47%	5.97%	$242,672	70%
8 WBTC / USDSUI	Scallop Lend	+2.02%	3.24%	1.22%9.76%-8.54%	$14,620	70%
9 WBTC / USDCCore / Main	Aave V4	+1.94%	<0.01%	-1.93%5.85%-7.78%	$1.6m	85%
10 WBTC / suiUSDT	Scallop Lend	+1.82%	3.24%	1.42%6.22%-4.80%	$311,159	70%

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Overview