coinbase wrapped btc25
$CBBTC
MCAP6.56B
+2.78%

what's coinbase wrapped btc?

cbBTC is a wrapped Bitcoin token issued by Coinbase, providing a 1:1 representation of BTC on compatible blockchains such as Base. It enables Bitcoin holders to participate in decentralized finance (DeFi) applications, including lending, borrowing, and trading, without the need for traditional bridging mechanisms that can introduce risks or delays. The token is fully backed by actual BTC custodied by Coinbase, ensuring redeemability and transparency through on-chain verification. Users can deposit BTC with Coinbase to mint cbBTC or redeem it back to BTC, facilitating seamless integration of Bitcoin's liquidity into Ethereum-based ecosystems. Built on the Base network (an Ethereum Layer 2), cbBTC leverages optimistic rollups for efficient, low-cost transactions while maintaining Bitcoin's security model through Coinbase's custody infrastructure.

Snapshot

Whale address 0x4553 acquired 9.18 cbBTC worth $683K in a swap transaction on 2026-04-14.

contract

ethereum

base

arbitrum-one

solana

7H ago
WHALE ACTIVITY

Whale address 0x4553 acquired 9.18 cbBTC worth $683K as part of a swap transaction on 2026-04-14.

4D ago
TECH EVENT

Enabled bridging to Igra Network from 7 chains via Hyperlane integration.

ONCHAIN METRICS

Available as collateral on Morpho Labs on Base with a 0.30% borrow rate for fxUSD loans.

1W ago
ONCHAIN METRICS

Has over $1B in active borrows in the cbBTC/USDC market on Base.

ONCHAIN METRICS

Reached $25M TVL on Monad across Uniswap, Curve Finance, and Morpho.

RISK ALERT

$11.3 million worth of coinbase wrapped btc was stolen from Drift Protocol during an economic exploit on Solana that resulted in approximately $260 million in total stolen funds.

ONCHAIN METRICS

Is growing in circulation and holder count across Ethereum, Base, and Arbitrum.

2W ago
MARKET ACTIVITY

Receives boosted yield for a limited time in TON Wallet alongside wETH.

PARTNERSHIP

Added to Chainflip's roadmap as a supported asset for cross-chain swaps.

ONCHAIN METRICS

Reached over $294M in circulating supply on Solana, making it the largest foreign token on that chain.

MARKET ACTIVITY

Added to a cbBTC/LBTC liquidity pool on Aerodrome (Base), with an AI LP Agent providing automated rebalancing and yield optimization features.

VISIBILITY EVENT

Listed as one of the eligible assets (alongside USDC and WETH) in Superform's Base boosted campaign offering up to 40% boosted USDC APY plus UP Rewards and underlying yield, exclusive to Superform's Mini App on Base.

3W ago
ONCHAIN METRICS

Supplied $1.8 billion and borrowed $18.8 million on Aave V3 Ethereum as of 2026-04-01.

MARKET ACTIVITY

Added as collateral in a DUSD borrow market on Tapioca DAO, one of five live borrow markets offering 20.83% supply APY.

MARKET ACTIVITY

Added to a Curve gauge (tBTC/cbBTC pool) receiving $1K in tBTC extra rewards for 7 days via StakeDAO's OnlyBoost program.

ONCHAIN METRICS

Reached a market cap of $6.2 billion within approximately 1.5 years since launch.

1M ago
WHALE ACTIVITY

A whale reduced position by 330 cbBTC ($24.9M) to Coinbase on March 16, 2026, realizing a loss with $73,837 average cost basis.

MARKET ACTIVITY

Benefits from BTC ETF inflows of $167M recorded on 2026-03-10, alongside BlackRock purchasing 1,660 BTC.

MARKET ACTIVITY

Available as a borrowable asset on Wintermute's Wildcat market at a 4.5% APR borrow rate.

WHALE ACTIVITY

Whale 0x65B4 purchased 92 cbBTC valued at $10M on October 11, 2025, and later sold the position in November 2025 at a loss.

ONCHAIN METRICS

Became the top-traded coin on Solana in the 24-hour period ending March 6, 2026.

ONCHAIN METRICS

Base has become the #1 onchain trading venue for cbBTC spot trading.

ONCHAIN METRICS

Integrated as collateral in Steakhouse Turbo vaults on Sats Terminal. Earns 5% APY on Ethereum with $100,000 capacity remaining as of 2026-03-04.

TECH EVENT

Launched on Monad network with bridging via Chainlink CCIP, and markets live on Morpho, Uniswap, Curve Finance.

TECH EVENT

Deployed on Monad network

MARKET ACTIVITY

Added to an autopilot feature on Aerodrome Finance in a cbBTC/ETH trading pair.

WHALE ACTIVITY

Whale/institution transferred 670 cbBTC ($50.11M) to Coinbase on April 14, 2026, realizing $1.1M profit from an initial 4,000 cbBTC position accumulated at $73,837 in early Feb 2026. Now holds 3,330 cbBTC with the remaining position at an unrealized loss.

ONCHAIN METRICS

Has approximately 80,000 BTC in wrapped form as of February 2026.

2M ago
MARKET ACTIVITY

Added as a consolidated UP/cbBTC liquidity pair on Aerodrome, serving as the quote asset, with 5,000,000 UP tokens allocated as LP incentives from February 11 to February 18, 2026.

MARKET ACTIVITY

Is an active market on Tessera's prop AMM on Base, which launched in October 2025 and now sees up to $80 million daily volume.

WHALE ACTIVITY

A whale/institution purchased 750 cbBTC worth $55.95 million on February 4, 2026, bringing their total cbBTC holdings to 1,500 cbBTC ($113 million) at an average cost of $75,820 per token.

WHALE ACTIVITY

Experienced notable Smart Money inflows on Solana over the 24 hours ending January 30, 2026.

MARKET ACTIVITY

Available in a KyberSwap FairFlow liquidity pool paired with WBTC on Arbitrum offering 25.55% APR (7-day).

MARKET ACTIVITY

Available in a KyberSwap FairFlow liquidity pool paired with tBTC on Ethereum offering 12.28% APR (7-day).

3M ago
MARKET ACTIVITY

Added as a deposit asset for mHyperBTC pool on Equilibria, enabling one-click deposits alongside WBTC and mHyperBTC.

MARKET ACTIVITY

Accepted as a deposit asset in Mezo Network's "Bring Bitcoin Home" pre-TGE vault initiative alongside tBTC, WBTC, and USDT.

ONCHAIN METRICS

Became the 4th largest Bitcoin derivative by December 2025, behind WBTC, BTC.b, and cbBTC.

4M ago

Yieldbasis increases cbBTC caps by $50M following a governance vote, offering 35% APY real yield, with the increased allocation filling within minutes.

cbBTC pool reaches $200M TVL from $100M including crvUSD, as arbitrageurs favor it for no redemption fees and fast redemption times.

Cypher HQ enables cbBTC, cbETH, cbXRP, cbDOGE, cbADA, and cbLTC for everyday spending via payment card on Base network.

Partnered with Chainlink as bridge for $7B in Coinbase Wrapped Assets (cbBTC, cbETH, cbDOGE, cbLTC, cbADA, cbXRP) using Chainlink CCIP, enabling bridging from Base to Monad on March 2nd, 2026.

Chainlink CCIP partnership enables Coinbase to expand cbBTC and cbXRP as cross-chain wrapped assets.

An exclusive partnership between Morpho and Coinbase causes cbBTC users to pay around 7% on loans compared to 4-5% market rates, with potential antitrust law violations cited including exclusive dealing and vertical foreclosure.

New Curve Finance tripool includes cbBTC alongside hemiBTC and WBTC with 1.6% native yield and 160% CRV incentives bonus.

CarbonDeFi on TacBuild offers cbBTC liquidity rewards up to 74% for 4 more weeks via Merkl, with native auto-compounding and no tick constraints for positions within ±2% of market price.

Seamless protocol distributes staking rewards in cbBTC (alongside USDC and WETH) that auto-compound in Seamless cbBTC vaults, with 90% staker retention since the module launched in 2025.

PancakeSwap launches 11 LP reward pools on Base including cbBTC-USDC, backed by 240k OP tokens and ZK-verified through Brevis and Incentra.

Thx App enables instant cbBTC purchases on Base using Apple Pay.

Prime clients can now move Bitcoin on Base network with automatic 1:1 conversion between BTC and cbBTC for trading and settlement.

yoBTC integrates Stake DAO's cbBTC/WBTC Strategy, offering automated rewards boosting for cbBTC and WBTC through Stake DAO's yield infrastructure and Curve ecosystem position.

cbBTC pool rebalances and ybBTC demonstrates 2.05% returns in 12 days.

BTC+ goes live on Solana offering up to 13% APY for cbBTC deposits.

Carbon DeFi on TacBuild offers liquidity pool rewards for cbBTC/USDT and cbBTC/WETH pairs with APRs ranging from 41% to 89% for five more weeks, with rewards distributed via Merkl for positions within ±2% of market price.

CBB issues warning stating GAIB lacks reserve clarity, prompting a response from the GAIB team.

cbBTC available as collateral on Fluid platform earning high APRs.

Coinbase launches ETH-backed loans powered by Ethereum DeFi on Base L2, with cbETH-backed loans planned for the future. Podcast discusses the success of existing BTC-backed loans and utility of cbBTC in Coinbase's lending products.

A single transaction of 58 cbBTC routes through yieldbasis pools.

5M ago

Aura multipliers available for cbBTC vaults across Gamma Strategies, Steer Protocol, and Ichi Foundation platforms.

cbBTC launches on 0G mainnet, with Jaine DEX offering liquidity provision opportunities with boosted APR.

Carbon DeFi on TacBuild offers APRs ranging from 77% to 177% on cbBTC trading pairs (cbBTC/USDT and cbBTC/WETH), with rewards distributed via Merkl on liquidity within ±2% of market price.

New cbBTC markets go live on yieldbasis platform with VirtualPool contracts for arbitrage trading.

ProdigyFi launches cbBTC/USDC DCI vault on Base offering over 590% APY through structured products powered by options logic.

RiftDEX now enables trading of native BTC to ETH between Bitcoin and Ethereum networks, and BTC to cbBTC conversion on Base.

Over the past 7 days, cbBTC has received more positive flows than any token on Base except AERO.

cbBTC supplied to Spark Protocol increases by approximately 200% over the past three months.

Three new platforms (Gamma Strategies, Steer Protocol, Ichi Foundation) offer cbBTC automated vaults earning Aura rewards and boosted yield, with Ichi supporting single-sided liquidity provision.

Integrated Steakhouse USDC vault on Base, lending USDC to Morpho borrowers with cbBTC collateral and instant withdrawal, and added as collateral in a new cbBTC Carry vault on Steakhouse App, borrowing USDC against cbBTC for yield strategies. Listed as collateral in the USDS Morpho Vault with 20% allocation across USDS borrowing markets; launched new cbBTC lending market on Morpho's Base, accepting cbBTC deposits for fxUSD borrowing through the fxUSD Agentic Stablecoin Vault.

Yield Basis protocol's cbBTC vaults reach full capacity with no outflows since launch, with BTC vaults accumulating roughly $2M in fees and 80%+ of ybBTC LP tokens staked at 25% APR.

Morpho Labs launches new markets on DFS including LBTC/cbBTC pair on Ethereum mainnet with 1-transaction looping functionality for Boost and Repay.

cbBTC earns 4-6% yield in Solv Protocol's BTC+ Vault with zero performance fees and $100k SOLV rewards, vault capacity expanded to 1000 BTC and 50% filled.

CarbonDeFi launches TAC Rewards Round 4 from October 24 to January 1 with rewards distributed via Merkl across cbBTC/WETH and cbBTC/USDT liquidity pairs.

1230 transactions totaling $1.65 billion (15,000 cbBTC) move between Morpho Labs wallet and two other addresses over 48 hours.

Whale 0x65b4 accumulates 91.5 cbBTC worth $10 million USDC on October 20 at price of $109,207 per token.

cbBTC earns yield and Aura rewards in vaults across Gamma, ICHI, and Steer platforms on Nibiru.

OpenSea distributes cbBTC through treasure chest reward system with Season 2 mentioned as an upcoming phase.

YB allocation from Legion goes live offering 35% APR on WBTC/cbBTC liquidity pool.

Carbon DeFi launches liquidity mining program through October 23rd featuring cbBTC with rewards exceeding 100% APR, distributed via Merkl for liquidity within ±2% of market price.

cbBTC liquidity pool data shows 60% of LPs selecting YB token emissions over BTC yields, the lowest rate among wrapped BTC options (wBTC 74%, tBTC 92%), with veYB holders now receiving majority of BTC yield through dynamic admin fees.

6M ago

Deposit caps for pools increase from $10M to $50M per pool (total $150M across cbBTC, wBTC, tBTC), with cbBTC pool reaching full capacity shortly after opening.

Solv protocol goes live on Base network with native cbBTC integration through BTC+ Vault for yield generation, with Epoch 1 capped at 1000 BTC capacity.

9M ago

Supply increases dramatically across networks with +253.68% growth on Base and +166.65% on Ethereum year-to-date.

Coinbase integrates DEXs directly into exchange app while leveraging Base for faster USDC settlements and cbBTC adoption, indicating enhanced accessibility and utility within the ecosystem.

10M ago

New passive earning mechanism launches allowing BREAD holders to earn cbBTC rewards, with $2000 initial distribution through Betrmint platform.

New yield farming opportunities for token now available through Moonwell and Morpho protocols.

TVL surpasses $5M with Wave Zero incentives providing up to 50% APR on key trading pairs through September.

Legal dispute between Coinbase and BiT Global over wBTC delisting settles, removing uncertainty in wrapped BTC market competition.

Total wrapped BTC supply on Solana grows 74% in 2025, reaching 7,315 tokens, with monthly trading volume hitting $1.4B in March.

Protocol launches native issuance capability on Solana blockchain.

Panoptic launches options trading platform on Base with enhanced liquidity compared to Uniswap.

Supply reaches 43k tokens ($4.5B) with 64.1% on Ethereum and 30.3% on Base.

New multi-collateral integration launches on Polynomial platform, enabling margin trading and yield farming with OP token rewards.

Ekubo DEX launches liquidity mining program with EKUBO token rewards for WBTC/cbBTC pair, distributing 18,750 EKUBO tokens over three months to liquidity providers.

Users migrate from WBTC to cbBTC citing trust concerns with competitor and preference for Coinbase's compliance standards.

New Solana integration enables swapping of any Solana token for cbBTC on Lemondrop.

New projects actively choosing cbBTC as primary trading pair for stability, with EDGE being latest addition.

SparkLend introduces real-time RED token rewards for cbBTC suppliers through new RedStone partnership.

Superseed offers 366% APR for WETH-cbBTC LP, leading all Bitcoin pair yields across the ecosystem.

11M ago

A whale trader with 83.69% win rate and $50M volume has cbBTC as their biggest winning trade.

Project secures $85M in funding and Base endorsement, with 0.75% token supply allocated to Kaito participants and clear entry requirements via agent launching mechanism.

$5M USDG borrowing capacity opened with $120K rewards available for borrowers.