Wrapped Bitcoin(WBTC)

Token Price$78,597

24h Change+2.41%

All Time HighOct 6, 2025$125,932

All Time LowApr 1, 2019$3,139.17

Key Metrics

$9.128b

116,132.18 WBTC

Volume 24h$125.03m

CEX Volume$22.29m

DEX Volume$103.3m

Risks

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

Maximum possible exposure to WBTC

$3.115b

$541.46m (max additional borrows against WBTC) + $2.573b (bad debt if WBTC was hacked now)

Aave V3

$1.049b at-risk exposure = $765.65m bad debt if hacked + $283.81m additional borrowable against WBTC

Compound V3

$338.61m at-risk exposure = $215.68m bad debt if hacked + $122.93m additional borrowable against WBTC

Morpho V1

$271.86m at-risk exposure = $208.06m bad debt if hacked + $63.8m additional borrowable against WBTC

Fluid

$63.5m at-risk exposure = $20.42m bad debt if hacked + $43.08m additional borrowable against WBTC

SparkLend

$50.99m at-risk exposure = $31.43m bad debt if hacked + $19.56m additional borrowable against WBTC

Euler V2

$6.05m at-risk exposure = $241,985.73 bad debt if hacked + $5.81m additional borrowable against WBTC

Neverland

$2.46m at-risk exposure = -- bad debt if hacked + $2.46m additional borrowable against WBTC

Maple

$1.332b at-risk exposure = $1.332b 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	$234.34m	$687.59m
Compound V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$112.7m	$202.51m
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$60.28m	$200.34m
Aave V3	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$32.39m	$55.97m
Fluid	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$23.01m	$16.58m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$19.56m	$31.43m
Fluid	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$19.26m	$3.3m
Aave V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$9.05m	—
Aave V3	Polygon	WBTC0x1bfd67037b42cf73acf2047067bd4f2c47d9bfd6	$8.03m	$22.09m
Compound V3	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$7.74m	$9.87m

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Rows per page

Markets

Loading WBTC markets...

Token Usage

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Liquidations

An is required to view token liquidations.

Yields

Showing 10 of 96 pools

Pool	Reference	Protocol
1 aEthWBTCAave Ethereum WBTC	WBTC	Aave V3	$2.675b	<0.01%	Stable 78	10,402
2 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$693.43m	0.25%	Stable 71	22,899
3 aArbWBTCAave Arbitrum WBTC	WBTC	Aave V3	$230.55m	0.03%	Stable 81	14,949
4 WBTCSolvBTC	WBTC	Solv Basis Trading	$196.01m	0.00%	Stable 100
5 spWBTCSpark WBTC	WBTC	SparkLend	$150.09m	<0.01%	Mixed 61	200
6 aPolWBTCAave Polygon WBTC	WBTC	Aave V3	$67.58m	0.01%	Stable 94	28,558
7 WBTCSolvBTC	WBTC	Solv Basis Trading	$45.01m	0.00%	Stable 100
8 WBTCCore	WBTC	Aave V4	$32.45m	<0.01%	Stable 85	0
9 vbgtWBTCVault Bridge WBTC	WBTC	Morpho Blue	$24.36m	0.00%	Volatile 29	21
10 WBTCPrime	WBTC	Aave V4	$23.79m	0.00%	Stable 100	0

Page 1 of 10

Borrow

Showing 10 of 299 routes

Use WBTCBorrow WBTC

Collateral / Borrow	Protocol
1 WBTC / USDC.e	LayerBank	+8.25%	1.63%0.76%+0.87%	-6.62%5.14%-11.77%	$13,849	7%
2 wBTC / XBTCMainMarket	Current🪂	+2.58%	3.08%0.19%+2.89%	0.50%	$355,848	70%
3 WBTC / cbBTCNeverland Markets	Neverland	+2.50%	4.25%0.56%+3.69%	1.76%4.89%-3.13%	$256,884	70%
4 WBTC / WETHNeverland Markets	Neverland	+2.45%	4.25%0.56%+3.69%	1.81%3.89%-2.08%	$965,447	70%
5 WBTC / weETH	Dolomite	+2.22%	2.39%	0.17%	$133,123	86.96%
6 wBTC / SUIMainMarket	Current🪂	+2.03%	3.08%0.19%+2.89%	1.04%1.40%-0.35%	$1.1m	70%
7 WBTC / USDCPrime / Bluechip	Aave V4	+2.02%	0.00%	-2.02%24.16%-26.18%	$586,718	84.5%
8 WBTC / USDCPrime / Bluechip	Aave V4	+2.02%	0.00%	-2.02%6.02%-8.04%	$197,023	84.5%
9 WBTC / UNI	Dolomite	+1.89%	2.39%	0.50%	$2.47m	86.96%
10 wBTC / WBTC	Scallop Lend	+1.32%	<0.01%	-1.32%8.06%-9.37%	$56,930	75%

Page 1 of 30

Protocol	Chain
Aave V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$234.34m	$687.59m
Compound V3	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$112.7m	$202.51m
Morpho V1	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$60.28m	$200.34m
Aave V3	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$32.39m	$55.97m
Fluid	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$23.01m	$16.58m
SparkLend	Ethereum	WBTC0x2260fac5e5542a773aa44fbcfedf7c193bc2c599	$19.56m	$31.43m
Fluid	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$19.26m	$3.3m
Aave V3	OP Mainnet	WBTC0x68f180fcce6836688e9084f035309e29bf0a2095	$9.05m	—
Aave V3	Polygon	WBTC0x1bfd67037b42cf73acf2047067bd4f2c47d9bfd6	$8.03m	$22.09m
Compound V3	Arbitrum	WBTC0x2f2a2543b76a4166549f7aab2e75bef0aefc5b0f	$7.74m	$9.87m