Charts

The data pillar as a library of figures, sectioned by the question each answers.

1 of 9 figures about cbBTC · Show all

Tokenized BTC outstanding: ≈ 309.2k BTC; Last reported balance of every issuer in the library, summed.
Sits on Ethereum: 55%; Share of wrapped supply attributed to a single chain.
Held by two venues: 77%; Share of covered lending collateral at the top two venues.
Inside lending markets: 45%; Balances held by lending protocol contracts — supplied liquidity and posted collateral.

Movement

Where it is minted, redeemed and bridged.

Which issuers are minting wrapped BTC, and which are redeeming it?

Source: Onchain mint/burn events — Onchain BTC ResearchMethodology

View underlying data

Month against each series, in btc.
Month	WBTC	cbBTC	LBTC	SolvBTC	cirBTC	enzoBTC	tBTC	uniBTC	Other wrappers
2025-09-01	-163 BTC	4.6k BTC	-944 BTC	-96 BTC	0 BTC	-521 BTC	410 BTC	205 BTC	-1.1k BTC
2025-10-01	-419 BTC	10.0k BTC	138 BTC	294 BTC	0 BTC	851 BTC	-538 BTC	43 BTC	443 BTC
2025-11-01	-1.6k BTC	-67 BTC	-765 BTC	1.3k BTC	0 BTC	3.6k BTC	266 BTC	-905 BTC	-430 BTC
2025-12-01	30 BTC	4.5k BTC	-237 BTC	-177 BTC	0 BTC	-665 BTC	-379 BTC	421 BTC	-383 BTC
2026-01-01	31 BTC	2.7k BTC	423 BTC	-2.0k BTC	0 BTC	900 BTC	174 BTC	-57 BTC	1.3k BTC
2026-02-01	-4.9k BTC	9.8k BTC	-900 BTC	-1.1k BTC	0 BTC	0.0 BTC	-216 BTC	-1.1 BTC	-471 BTC
2026-03-01	-1.1k BTC	388 BTC	-41 BTC	221 BTC	0 BTC	100 BTC	33 BTC	1.4k BTC	76 BTC
2026-04-01	-1.5k BTC	-11.0k BTC	-438 BTC	-919 BTC	0 BTC	0 BTC	-636 BTC	-8.2 BTC	-520 BTC
2026-05-01	-2.3k BTC	7.8k BTC	-859 BTC	63 BTC	0 BTC	0 BTC	-458 BTC	-2.8 BTC	-691 BTC
2026-06-01	-185 BTC	5.1k BTC	-457 BTC	116 BTC	40 BTC	105 BTC	147 BTC	-3.5 BTC	-1.3k BTC
2026-07-01	-27 BTC	6.0k BTC	567 BTC	41 BTC	0 BTC	1.3k BTC	-162 BTC	-1.3 BTC	-1.4k BTC
2026-08-01	-148 BTC	2.6k BTC	-444 BTC	1.1 BTC	0 BTC	-1.1k BTC	-507 BTC	-2.7 BTC	499 BTC

Working on tokenized BTC?

Commissioned research, measurement design and review on wrapped-BTC market structure.