Unit Bitcoin(UBTC)

Token Price$80,522+0.73%over 24h

All Time HighOct 6, 2025$126,087

All Time LowJul 1, 2026$58,041

Key Metrics

Market Cap$41.55m

Fully Diluted Valuation$41.55m

Circ. Supply515.91 UBTC

Max Supply21m UBTC

Volume 24h$26.23m

CEX Volume$0

DEX Volume$26.22m

Website X/Twitter

Risks

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

Maximum possible exposure to UBTC

$4.27m

$2.24m (max additional borrows against UBTC) + $2.03m (bad debt if UBTC was hacked now)

HyperLend Pooled

$1.92m at-risk exposure = -- bad debt if hacked + $1.92m additional borrowable against UBTC

Morpho V1

$2.35m at-risk exposure = $2.03m bad debt if hacked + $313,958 additional borrowable against UBTC

Methodology and limitations

Showing collateral exposure for UBTC on Hyperliquid L1. 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 UBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
HyperLend Pooled	Hyperliquid L1	UBTC0x9fdbda0a5e284c32744d2f17ee5c74b284993463	$1.92m	—
Morpho V1	Hyperliquid L1	UBTC0x9fdbda0a5e284c32744d2f17ee5c74b284993463	$313,958	$2.03m

Loading exposure details...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 26 pools

Pool	Reference	Protocol
1 UBTC	UBTC	Hyperliquid Earn	$186.5m		0.00%	Stable 100
2 hHyperEvmUBTCHyperLend HyperEVM UBTC	UBTC	HyperLend Pooled	$11.33m	-$407,090	0.18%	Stable 89	1,942
3 WHYPE-UBTC0.3%	WHYPE-UBTC	Project X🪂	$6.48m		12.14%	Mixed 66	0
4 WHYPE-UBTC0.2334%	WHYPE-UBTC	nest CL	$3.99m		35.82%+35.82%	Stable 88	0
5 WHYPE-UBTC0.3%	WHYPE-UBTC	HyperSwap V3	$2.86m		15.64%	Stable 68	0
6 hXXIHyperliquidTwentyOne	UBTC	D2 Finance🪂	$1.73m		21.92%	Stable 100	166
7 hbBTCHyperbeat Ultra uBTC	UBTC	Upshift🪂	$651,069		<0.01%	Mixed 41	1,027
8 UBTC-UETHCL 0.06%	UBTC-UETH	Ramses CL V2	$538,555		46.24%23.77%+22.47%	Stable 72	0
9 UBTC-USDC0.3%	UBTC-USDC	Project X🪂	$357,251		15.10%	Mixed 61	0
10 UBTC-USDC0.1516%	UBTC-USDC	nest CL	$342,706		34.36%+34.36%	Stable 90	0

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Borrow

Showing 10 of 12 routes

Use UBTCBorrow UBTC

Collateral / Borrow	Protocol
1 UBTC / kHYPE	HyperLend Pooled	+0.18%	0.18%	<0.01%	$36,512	59%
2 UBTC / wstHYPE	HyperLend Pooled	+0.17%	0.18%	0.02%	$173,956	59%
3 UBTC / beHYPE	HyperLend Pooled	+0.16%	0.18%	0.02%	$51,605	59%
4 UBTC / WHYPE	HyperLend Pooled	-1.24%	0.18%	1.42%	$26.87m	59%
5 UBTC / UETH	HyperLend Pooled	-3.19%	0.18%	3.37%	$903,443	59%
6 UBTC / USDC	HyperLend Pooled	-5.68%	0.18%	5.86%	$5.13m	59%
7 UBTC / USOL	HyperLend Pooled	-5.81%	0.18%	5.99%	$199,483	59%
8 UBTC / USDC	Morpho Blue	-6.01%	0.00%	6.01%	$73,607	77%
9 UBTC / USDe	HyperLend Pooled	-7.57%	0.18%	7.75%	$68,452	59%
10 UBTC / USD₮0	Morpho Blue	-9.16%	0.00%	9.16%	$199,359	77%

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Protocol	Chain
HyperLend Pooled	Hyperliquid L1	UBTC0x9fdbda0a5e284c32744d2f17ee5c74b284993463	$1.92m	—
Morpho V1	Hyperliquid L1	UBTC0x9fdbda0a5e284c32744d2f17ee5c74b284993463	$313,958	$2.03m

Pool	Reference	Protocol
1 UBTC	UBTC	Hyperliquid Earn	$186.5m		0.00%	Stable 100
2 hHyperEvmUBTCHyperLend HyperEVM UBTC	UBTC	HyperLend Pooled	$11.33m	-$407,090	0.18%	Stable 89	1,942
3 WHYPE-UBTC0.3%	WHYPE-UBTC	Project X🪂	$6.48m		12.14%	Mixed 66	0
4 WHYPE-UBTC0.2334%	WHYPE-UBTC	nest CL	$3.99m		35.82%+35.82%	Stable 88	0
5 WHYPE-UBTC0.3%	WHYPE-UBTC	HyperSwap V3	$2.86m		15.64%	Stable 68	0
6 hXXIHyperliquidTwentyOne	UBTC	D2 Finance🪂	$1.73m		21.92%	Stable 100	166
7 hbBTCHyperbeat Ultra uBTC	UBTC	Upshift🪂	$651,069		<0.01%	Mixed 41	1,027
8 UBTC-UETHCL 0.06%	UBTC-UETH	Ramses CL V2	$538,555		46.24%23.77%+22.47%	Stable 72	0
9 UBTC-USDC0.3%	UBTC-USDC	Project X🪂	$357,251		15.10%	Mixed 61	0
10 UBTC-USDC0.1516%	UBTC-USDC	nest CL	$342,706		34.36%+34.36%	Stable 90	0

Collateral / Borrow	Protocol
1 UBTC / kHYPE	HyperLend Pooled	+0.18%	0.18%	<0.01%	$36,512	59%
2 UBTC / wstHYPE	HyperLend Pooled	+0.17%	0.18%	0.02%	$173,956	59%
3 UBTC / beHYPE	HyperLend Pooled	+0.16%	0.18%	0.02%	$51,605	59%
4 UBTC / WHYPE	HyperLend Pooled	-1.24%	0.18%	1.42%	$26.87m	59%
5 UBTC / UETH	HyperLend Pooled	-3.19%	0.18%	3.37%	$903,443	59%
6 UBTC / USDC	HyperLend Pooled	-5.68%	0.18%	5.86%	$5.13m	59%
7 UBTC / USOL	HyperLend Pooled	-5.81%	0.18%	5.99%	$199,483	59%
8 UBTC / USDC	Morpho Blue	-6.01%	0.00%	6.01%	$73,607	77%
9 UBTC / USDe	HyperLend Pooled	-7.57%	0.18%	7.75%	$68,452	59%
10 UBTC / USD₮0	Morpho Blue	-9.16%	0.00%	9.16%	$199,359	77%

Overview