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Wrapped Bitcoin(WBTC)

Token Price$80,503+0.94%over 24h

All Time HighOct 6, 2025$125,932

All Time LowApr 1, 2019$3,139

Key Metrics

Market Cap$9.349b

Fully Diluted Valuation$9.349b

Circ. Supply116,132.18 WBTC

Volume 24h$30.53m

CEX$30.53m

Spot$30.53m

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

$2.821b

$376.85m (max additional borrows against WBTC) + $2.444b (bad debt if WBTC was hacked now)

Aave V3

$986.53m at-risk exposure = $733.18m bad debt if hacked + $253.35m additional borrowable against WBTC

Compound V3

$278.53m at-risk exposure = $200.61m bad debt if hacked + $77.92m additional borrowable against WBTC

SparkLend

$66.45m at-risk exposure = $44.95m bad debt if hacked + $21.5m additional borrowable against WBTC

Morpho V1

$257.71m at-risk exposure = $241.65m bad debt if hacked + $16.06m additional borrowable against WBTC

Euler V2

$6.06m at-risk exposure = $205,786 bad debt if hacked + $5.86m additional borrowable against WBTC

Neverland

$2.15m at-risk exposure = -- bad debt if hacked + $2.15m additional borrowable against WBTC

Maple

$1.223b at-risk exposure = $1.223b 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	$246m	$733.18m
Compound V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$77.43m	$198.78m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$21.5m	$44.95m
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$16.02m	$241.08m
Aave V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$7.35m	—
Euler V2	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$4.05m	$205,785
Neverland	Monad	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$2.15m	—
Euler V2	Unichain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$1.74m	$0.029
Compound V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$486,047	$1.83m
Euler V2	Berachain	WBTC0x0555e30da8f98308edb960aa94c0db47230d2b9c	$61,159	$1.47

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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 270 pools

Pool	Reference	Protocol
1 aEthWBTCAave Ethereum WBTC	WBTC	Aave V3	$2.728b	+$2.82m	<0.01%	Stable 99	11,327
2 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$599.75m	-$27.76m	0.44%	Mixed 50	22,930
3 WBTCSolvBTC	WBTC	Solv Basis Trading	$191.37m		0.00%	Stable 100
4 spWBTCSpark WBTC	WBTC	SparkLend	$181.99m	-$1.55m	<0.01%	Stable 100	228
5 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$72.38m	+$597,685	1.32%	Mixed 39	4,972
6 YB-WBTCYield Basis WBTC	crvUSD-WBTC	Curve DEX	$61.81m	-$7.04m	1.63%	Mixed 55	2
7 WBTCCore	WBTC	Aave V4	$44.28m	+$3.62m	<0.01%	Stable 83	0
8 WBTC-WETH0.05%	WBTC-WETH	Uniswap V3	$41.85m		6.84%	Stable 68	0
9 WBTC-WETH0.3%	WBTC-WETH	Uniswap V3	$38.6m		1.21%	Mixed 65	0
10 WBTC-USDT0.05%	WBTC-USDT	Uniswap V3	$28.7m		19.60%	Stable 72	0

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Borrow

Showing 10 of 195 routes

Use WBTCBorrow WBTC

Collateral / Borrow	Protocol
1 WBTC / cbBTCNeverland Markets	Neverland	+9.89%	8.36%0.27%+8.09%	-1.53%4.93%-6.46%	$123,125	70%
2 WBTC / WETHNeverland Markets	Neverland	+7.71%	8.36%0.27%+8.09%	0.65%4.55%-3.90%	$480,658	70%
3 WBTC / USDC.e	LayerBank	+6.98%	1.61%0.76%+0.85%	-5.37%5.76%-11.13%	$10,898	7%
4 WBTC / XAUt0Neverland Markets	Neverland	+6.15%	8.36%0.27%+8.09%	2.20%4.78%-2.58%	$36,189	70%
5 WBTC / WMONNeverland Markets	Neverland	+4.28%	8.36%0.27%+8.09%	4.08%10.48%-6.40%	$103,212	70%
6 WBTC / USDT0Neverland Markets	Neverland	+3.04%	8.36%0.27%+8.09%	5.32%5.72%-0.41%	$351,548	70%
7 WBTC / USDCNeverland Markets	Neverland	+3.01%	8.36%0.27%+8.09%	5.35%5.77%-0.42%	$718,671	70%
8 WBTC / AUSDNeverland Markets	Neverland	+2.97%	8.36%0.27%+8.09%	5.39%6.46%-1.08%	$343,218	70%
9 WBTC / USDCCore / Main	Aave V4	+1.94%	<0.01%	-1.93%5.88%-7.81%	$8.75m	78%
10 WBTC / USDCPrime / Bluechip	Aave V4	+1.93%	0.00%	-1.93%5.88%-7.81%	$2.37m	84.5%

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Overview