Coinbase Wrapped BTC(CBBTC)

Token Price$79,790-0.59%over 24h

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

Market Cap$7.675b

Fully Diluted Valuation$7.675b

Circ. Supply96,187.16 CBBTC

Volume 24h$283.84m

CEX Volume$0

DEX Volume$285.63m

Website X/Twitter

Risks

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

Maximum possible exposure to CBBTC

$2.987b

$509.08m (max additional borrows against CBBTC) + $2.478b (bad debt if CBBTC was hacked now)

Morpho V1

$2.18b at-risk exposure = $1.965b bad debt if hacked + $215m additional borrowable against CBBTC

Aave V3

$563.48m at-risk exposure = $360.82m bad debt if hacked + $202.66m additional borrowable against CBBTC

Compound V3

$73.81m at-risk exposure = $17.39m bad debt if hacked + $56.42m additional borrowable against CBBTC

SparkLend

$144.94m at-risk exposure = $120.72m bad debt if hacked + $24.22m additional borrowable against CBBTC

Euler V2

$5.37m at-risk exposure = $74,520 bad debt if hacked + $5.29m additional borrowable against CBBTC

Fluid

$6.86m at-risk exposure = $2.38m bad debt if hacked + $4.48m additional borrowable against CBBTC

Neverland

$1.01m at-risk exposure = -- bad debt if hacked + $1.01m additional borrowable against CBBTC

Maple

$11.86m at-risk exposure = $11.86m bad debt if hacked + $0 additional borrowable against CBBTC

Methodology and limitations

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

Protocol	Chain
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$177.97m	$1.621b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$145.67m	$360.82m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$56.99m	—
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$55.14m	$17.39m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$37.01m	$343.34m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$24.22m	$120.72m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.5m	$32,962
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.48m	$2.38m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$1.28m	—
Neverland	Monad	cbBTC0xd18b7ec58cdf4876f6afebd3ed1730e4ce10414b	$1.01m	—

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Markets

Loading CBBTC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 245 pools

Pool	Reference	Protocol
1 aEthcbBTCAave Ethereum cbBTC	cbBTC	Aave V3	$1.393b	+$12.16m	<0.01%	Stable 86	1,995
2 spcbBTCSpark cbBTC	cbBTC	SparkLend	$277m	+$15.86m	<0.01%	Mixed 61	271
3 aBascbBTCAave Base cbBTC	cbBTC	Aave V3	$242.51m	+$8.08m	0.01%	Stable 94	17,946
4 YB-cbBTCYield Basis cbBTC	crvUSD-cbBTC	Curve DEX	$55.65m	-$4.52m	4.56%	Stable 68	2
5 cbBTCSOL/BTC Market	cbBTC	Kamino Lend	$51.23m	-$6.44m	0.01%	Stable 68
6 aHyperBTCHyperithm Delta Neutral cbBTC Vault	cbBTC	Accountable🪂	$40.61m	+$57,345	4.34%4.00%+0.34%	Stable 89	58
7 g(yb-cbBTC)YB Gauge: yb-cbBTC	cbBTC	Yield Basis	$22.32m		5.84%+5.84%	Stable 88	198
8 cyb-cbbtcYB cbBTC	crvUSD-cbBTC	Curve DEX	$21.1m	+$17,992	2.54%	Mixed 53	9
9 WBTC-cbBTC	WBTC-cbBTC	Fluid DEX	$18.67m		0.77%	Stable 69	0
10 cbBTCPrime	cbBTC	Aave V4	$16.29m	+$2.34m	0.00%	Stable 100	0

Loading yield pools...

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Borrow

Showing 10 of 145 routes

Use CBBTCBorrow CBBTC

Collateral / Borrow	Protocol
1 cbBTC / WETHNeverland Markets	Neverland	+3.53%	4.18%0.52%+3.66%	0.65%4.55%-3.90%	$461,836	70%
2 cbBTC / WBTCNeverland Markets	Neverland	+3.29%	4.18%0.52%+3.66%	0.89%4.51%-3.62%	$328,861	70%
3 cbBTC / XAUt0Neverland Markets	Neverland	+1.97%	4.18%0.52%+3.66%	2.21%4.78%-2.57%	$32,308	70%
4 cbBTC / USDCCore / Main	Aave V4	+1.94%	0.01%	-1.93%5.88%-7.82%	$9m	78%
5 cbBTC / USDCPrime / Bluechip	Aave V4	+1.93%	0.00%	-1.93%5.88%-7.82%	$2.99m	84.5%
6 cbBTC / USDCPrime / Bluechip	Aave V4	+0.89%	0.00%	-0.89%5.31%-6.19%	$1.07m	84.5%
7 cbBTC / WMONNeverland Markets	Neverland	+0.10%	4.18%0.52%+3.66%	4.08%10.48%-6.40%	$103,187	70%
8 cbBTC / cbETH	Euler V2	-0.01%	0.00%	0.01%	$99,815	68%
9 cbBTC / LBTC	Euler V2	-0.02%	0.00%	0.02%	$96,812	88%
10 cbBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$266,129	68%

Loading borrow routes...

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Protocol	Chain
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$177.97m	$1.621b
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$145.67m	$360.82m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$56.99m	—
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$55.14m	$17.39m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$37.01m	$343.34m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$24.22m	$120.72m
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.5m	$32,962
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.48m	$2.38m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$1.28m	—
Neverland	Monad	cbBTC0xd18b7ec58cdf4876f6afebd3ed1730e4ce10414b	$1.01m	—