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Wrapped Bitcoin(WBTC)

Token Price$79,763-1.09%over 24h

All Time HighOct 6, 2025$125,932

All Time LowApr 1, 2019$3,139

Key Metrics

Market Cap$9.263b

Fully Diluted Valuation$9.263b

Circ. Supply116,132.18 WBTC

Volume 24h$20.78m

CEX$20.78m

Spot$20.78m

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

$2.79b

$398.5m (max additional borrows against WBTC) + $2.391b (bad debt if WBTC was hacked now)

Aave V3

$1.012b at-risk exposure = $742.79m bad debt if hacked + $269.09m additional borrowable against WBTC

Compound V3

$278.04m at-risk exposure = $201.26m bad debt if hacked + $76.79m additional borrowable against WBTC

Morpho V1

$265.6m at-risk exposure = $242.37m bad debt if hacked + $23.23m additional borrowable against WBTC

SparkLend

$65.79m at-risk exposure = $44.31m bad debt if hacked + $21.48m additional borrowable against WBTC

Euler V2

$5.96m at-risk exposure = $203,323 bad debt if hacked + $5.76m additional borrowable against WBTC

Neverland

$2.16m at-risk exposure = -- bad debt if hacked + $2.16m additional borrowable against WBTC

Maple

$1.16b at-risk exposure = $1.16b 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	$262.2m	$742.79m
Compound V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$76.28m	$199.45m
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$23.16m	$241.8m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$21.48m	$44.31m
Aave V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$6.9m	—
Euler V2	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$3.98m	$203,322
Neverland	Monad	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$2.16m	—
Euler V2	Unichain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$1.71m	$0.029
Compound V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$503,067	$1.81m
Euler V2	Berachain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$66,314	$1.43

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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 259 pools

Pool	Reference	Protocol
1 aEthWBTCAave Ethereum WBTC	WBTC	Aave V3	$2.725b	+$6.97m	<0.01%	Stable 98	11,366
2 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$595.77m	-$28.73m	0.50%	Mixed 53	22,942
3 WBTCSolvBTC	WBTC	Solv Basis Trading	$190.66m		0.00%	Stable 100
4 spWBTCSpark WBTC	WBTC	SparkLend	$180.89m	-$772,589	<0.01%	Stable 100	229
5 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$71.03m	-$416,077	1.37%	Mixed 40	4,955
6 YB-WBTCYield Basis WBTC	crvUSD-WBTC	Curve DEX	$61.78m	-$5.77m	1.64%	Mixed 55	2
7 WBTCCore	WBTC	Aave V4	$48.61m	+$7.82m	<0.01%	Stable 83	0
8 WBTC-WETH0.05%	WBTC-WETH	Uniswap V3	$41.31m		6.65%	Stable 68	0
9 WBTC-WETH0.3%	WBTC-WETH	Uniswap V3	$38.13m		1.19%	Mixed 64	0
10 WBTCPrime	WBTC	Aave V4	$28.81m	+$885,709	0.00%	Stable 100	0

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Borrow

Showing 10 of 186 routes

Use WBTCBorrow WBTC

Collateral / Borrow	Protocol
1 WBTC / cbBTCNeverland Markets	Neverland	+10.43%	8.60%0.27%+8.33%	-1.83%4.94%-6.77%	$115,978	70%
2 WBTC / WETHNeverland Markets	Neverland	+8.02%	8.60%0.27%+8.33%	0.58%4.58%-4.00%	$469,226	70%
3 WBTC / USDC.e	LayerBank	+6.74%	1.59%0.76%+0.83%	-5.15%5.76%-10.91%	$10,188	7%
4 WBTC / XAUt0Neverland Markets	Neverland	+6.46%	8.60%0.27%+8.33%	2.14%4.80%-2.66%	$33,934	70%
5 WBTC / WMONNeverland Markets	Neverland	+4.59%	8.60%0.27%+8.33%	4.01%10.37%-6.36%	$149,938	70%
6 WBTC / USDCNeverland Markets	Neverland	+3.26%	8.60%0.27%+8.33%	5.34%5.61%-0.28%	$594,530	70%
7 WBTC / USDT0Neverland Markets	Neverland	+3.21%	8.60%0.27%+8.33%	5.39%5.65%-0.26%	$524,516	70%
8 WBTC / AUSDNeverland Markets	Neverland	+3.10%	8.60%0.27%+8.33%	5.50%6.21%-0.71%	$276,227	70%
9 WBTC / suiUSDT	Scallop Lend	+1.35%	3.46%	2.11%6.42%-4.31%	$320,735	70%
10 WBTC / USDCPrime / Bluechip	Aave V4	+0.77%	0.00%	-0.77%5.19%-5.96%	$944,880	84.5%

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Overview