Where wrapped BTC sits, over time

Name: Where wrapped BTC sits, over time
Creator: Onchain BTC Research

Is wrapped BTC moving into use, or into wallets?

Date against each series, in percent.
Date	Lending markets	Idle wallet balances	Bridge escrow	Custody, vaults & exchanges	DEX liquidity	Other contracts
2025-09-28	43%	35%	7.7%	3.1%	2.8%	8.8%
2025-10-01	44%	34%	7.7%	3.0%	2.4%	8.7%
2025-10-04	45%	34%	7.6%	3.2%	2.5%	8.3%
2025-10-07	45%	34%	7.5%	3.1%	2.5%	8.4%
2025-10-10	46%	32%	7.4%	2.9%	2.5%	8.8%
2025-10-13	46%	32%	7.4%	2.7%	2.7%	8.7%
2025-10-16	46%	32%	7.4%	2.7%	3.3%	9.0%
2025-10-19	46%	32%	7.4%	2.5%	3.1%	9.3%
2025-10-22	45%	32%	7.3%	2.6%	3.2%	9.1%
2025-10-25	46%	32%	7.4%	2.8%	3.0%	9.1%
2025-10-28	46%	32%	7.3%	2.9%	3.0%	9.2%
2025-10-31	45%	32%	7.3%	3.4%	3.1%	9.1%
2025-11-03	44%	32%	7.3%	4.2%	3.3%	8.9%
2025-11-06	45%	33%	7.1%	2.8%	3.4%	9.1%
2025-11-09	44%	33%	7.1%	2.8%	3.3%	9.2%
2025-11-12	45%	33%	7.1%	2.8%	3.4%	9.1%
2025-11-15	45%	33%	7.1%	2.7%	3.4%	9.1%
2025-11-18	44%	33%	7.0%	3.0%	3.4%	8.9%
2025-11-21	43%	34%	7.1%	3.5%	3.4%	8.7%
2025-11-24	44%	34%	7.1%	3.1%	3.3%	8.8%
2025-11-27	44%	34%	7.1%	3.1%	3.2%	9.3%
2025-11-30	43%	34%	7.2%	3.1%	3.3%	9.4%
2025-12-03	43%	34%	7.2%	3.1%	3.3%	9.1%
2025-12-06	44%	34%	7.2%	3.1%	3.4%	8.9%
2025-12-09	44%	34%	7.2%	3.0%	3.4%	9.0%
2025-12-12	43%	35%	7.1%	3.0%	3.5%	8.6%
2025-12-15	43%	34%	7.1%	3.0%	3.6%	8.7%
2025-12-18	44%	34%	7.1%	3.0%	3.6%	8.7%
2025-12-21	43%	34%	7.1%	3.0%	3.4%	8.7%
2025-12-24	44%	34%	7.1%	2.8%	3.5%	8.6%
2025-12-27	43%	35%	7.1%	2.9%	3.5%	8.6%
2025-12-30	43%	35%	7.0%	2.9%	3.4%	8.7%
2026-01-02	45%	34%	6.9%	2.8%	3.5%	8.5%
2026-01-05	45%	34%	6.9%	2.8%	3.4%	8.7%
2026-01-08	45%	33%	7.0%	2.7%	3.5%	8.7%
2026-01-11	45%	33%	6.9%	2.7%	3.5%	8.7%
2026-01-14	45%	34%	6.9%	2.9%	3.4%	8.4%
2026-01-17	45%	34%	6.8%	2.9%	3.4%	8.6%
2026-01-20	45%	34%	6.5%	2.8%	3.4%	8.9%
2026-01-23	45%	34%	6.5%	3.0%	3.3%	8.8%
2026-01-26	45%	34%	6.5%	3.0%	3.3%	9.0%
2026-01-29	45%	33%	6.5%	3.0%	3.4%	8.7%
2026-02-01	44%	34%	6.5%	3.4%	3.5%	8.7%
2026-02-04	45%	33%	6.4%	3.0%	3.7%	9.1%
2026-02-07	45%	33%	6.3%	3.0%	3.7%	8.7%
2026-02-10	45%	33%	6.3%	3.0%	3.8%	8.5%
2026-02-13	45%	33%	6.3%	3.0%	3.9%	9.2%
2026-02-16	45%	32%	6.4%	3.2%	3.8%	8.9%
2026-02-19	46%	32%	6.4%	3.3%	3.9%	8.9%
2026-02-22	45%	32%	6.5%	3.4%	3.9%	8.9%
2026-02-25	45%	32%	6.4%	3.2%	4.0%	8.9%
2026-02-28	45%	33%	6.4%	3.1%	4.0%	9.0%
2026-03-03	45%	33%	6.4%	2.8%	3.9%	9.1%
2026-03-06	45%	33%	6.3%	2.8%	3.8%	8.7%
2026-03-09	45%	33%	6.3%	2.8%	3.8%	8.7%
2026-03-12	45%	34%	6.4%	2.7%	3.8%	8.6%
2026-03-15	45%	34%	6.3%	2.8%	3.8%	8.5%
2026-03-18	45%	34%	6.4%	3.1%	3.8%	8.3%
2026-03-21	45%	34%	6.3%	3.0%	3.8%	8.3%
2026-03-24	45%	34%	6.3%	3.1%	3.8%	8.2%
2026-03-27	45%	34%	6.2%	2.8%	3.9%	8.2%
2026-03-30	44%	35%	6.2%	2.8%	3.9%	8.2%
2026-04-02	44%	35%	6.1%	2.8%	3.9%	8.2%
2026-04-05	45%	34%	6.0%	2.8%	3.8%	8.1%
2026-04-08	45%	34%	6.1%	2.9%	3.6%	8.4%
2026-04-11	45%	34%	6.1%	3.1%	3.6%	8.4%
2026-04-14	45%	34%	6.0%	2.9%	3.5%	8.4%
2026-04-17	45%	34%	6.0%	3.1%	3.3%	8.2%
2026-04-20	39%	39%	6.1%	3.3%	3.4%	9.0%
2026-04-23	39%	39%	6.0%	3.4%	3.0%	8.9%
2026-04-26	39%	39%	6.0%	3.4%	3.1%	8.9%
2026-04-29	39%	39%	6.0%	3.4%	3.2%	9.1%
2026-05-02	39%	39%	6.0%	3.5%	3.0%	9.2%
2026-05-05	39%	39%	5.9%	3.6%	2.9%	9.3%
2026-05-08	40%	38%	5.8%	3.5%	3.0%	9.2%
2026-05-11	41%	38%	5.7%	3.5%	2.8%	9.3%
2026-05-14	41%	38%	5.5%	3.5%	2.8%	9.2%
2026-05-17	41%	38%	5.5%	3.5%	2.9%	9.2%
2026-05-20	41%	38%	5.5%	3.3%	2.9%	9.1%
2026-05-23	41%	38%	5.4%	3.3%	2.9%	9.1%
2026-05-26	41%	38%	5.4%	3.4%	2.8%	9.1%
2026-05-29	42%	37%	5.4%	3.4%	2.9%	8.9%
2026-06-01	42%	38%	5.2%	2.9%	3.0%	8.8%
2026-06-04	43%	37%	5.2%	2.9%	3.1%	9.3%
2026-06-07	42%	37%	5.2%	2.8%	3.1%	9.3%
2026-06-10	43%	37%	5.2%	2.9%	3.3%	8.9%
2026-06-13	43%	37%	5.2%	2.8%	2.9%	8.9%
2026-06-16	43%	37%	5.2%	3.0%	3.0%	8.5%
2026-06-19	43%	37%	5.1%	3.0%	3.0%	8.4%
2026-06-22	44%	37%	5.1%	3.1%	3.0%	8.2%
2026-06-25	44%	37%	5.1%	3.0%	3.3%	8.0%
2026-06-28	45%	36%	5.1%	2.8%	3.3%	7.9%
2026-07-01	45%	36%	5.1%	2.7%	3.3%	7.7%
2026-07-04	45%	36%	5.1%	2.9%	2.9%	7.6%
2026-07-07	45%	37%	5.1%	3.0%	2.8%	7.7%
2026-07-10	44%	37%	5.0%	3.6%	2.7%	7.6%
2026-07-13	44%	37%	5.0%	3.5%	2.9%	7.6%
2026-07-16	45%	36%	5.0%	3.5%	2.8%	8.2%
2026-07-19	45%	36%	5.0%	3.6%	2.8%	8.1%
2026-07-22	45%	36%	5.0%	3.6%	2.8%	8.1%
2026-07-25	45%	35%	5.0%	3.6%	2.8%	8.4%
2026-07-28	45%	35%	5.0%	3.5%	2.9%	8.3%
2026-07-31	45%	35%	5.0%	3.3%	2.9%	8.4%
2026-08-03	45%	35%	5.0%	3.4%	2.8%	8.4%
2026-08-06	45%	35%	4.9%	3.4%	2.8%	8.4%
2026-08-09	45%	35%	4.9%	3.4%	2.8%	8.3%
2026-08-12	45%	35%	4.9%	3.5%	2.9%	8.5%
2026-08-15	45%	35%	5.0%	3.3%	2.9%	8.5%
2026-08-18	46%	35%	5.0%	3.4%	2.8%	8.2%
2026-08-21	46%	35%	4.9%	3.6%	2.5%	8.2%
2026-08-24	46%	35%	4.9%	3.5%	2.4%	8.7%
2026-08-27	45%	35%	4.9%	3.5%	2.4%	8.7%
2026-08-30	45%	35%	4.9%	3.6%	2.5%	8.6%
2026-09-02	45%	35%	4.9%	3.8%	2.5%	8.7%
2026-09-05	45%	35%	4.8%	3.7%	2.5%	8.6%
2026-09-08	45%	35%	4.9%	3.7%	2.7%	8.5%
2026-09-11	45%	35%	4.8%	3.6%	2.6%	8.6%
2026-09-14	45%	35%	4.8%	3.6%	2.5%	8.6%
2026-09-17	46%	34%	4.8%	3.6%	2.6%	8.8%
2026-09-20	46%	35%	4.8%	3.2%	2.6%	8.9%
2026-09-23	46%	35%	4.7%	3.0%	2.5%	9.0%
2026-09-26	45%	35%	4.7%	2.9%	2.5%	10.0%

The largest share of wrapped BTC balances by holder type is Lending markets at 45.3%, followed by Idle wallet balances at 34.6%. The three largest account for 90.0%.2026-09-26

Balances are counted gross: a bridged token is held in escrow on the chain it left and held again on the chain where it was minted, so it appears twice here — once as bridge escrow. Supply charts count it once, which is why this total runs above total supply.

Source: Onchain balances and contract labels — Onchain BTC ResearchMethodology

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Also as: levels, linear

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Where wrapped BTC sits, over time

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