Wrapped coins 3 coins
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Wrapped tokens are digital versions of assets like cryptocurrencies and gold on the blockchain, allowing direct and secure trading. More
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Coins Price Market cap 24h 1 Lido Staked Ether stETH $ 2,115.04 $ 18.65B
$ 18.65 billion +7.64% 2 Wrapped BTC WBTC $ 71,927.46 $ 9.88B
$ 9.88 billion +5.83% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 8.99B
$ 8.99 billion +0.00% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,594.89 $ 8.28B
$ 8.28 billion +7.31% 5 Wrapped eETH weETH $ 2,302.94 $ 6.55B
$ 6.55 billion +7.56% 6 Wrapped Ether WETH $ 2,115.33 $ 5.62B
$ 5.62 billion +7.65% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion -0.07% 8 Coinbase Wrapped BTC CBBTC $ 72,670.89 $ 3.19B
$ 3.19 billion +6.64% 9 Bitcoin BEP2 BTCB $ 72,145.39 $ 3.03B
$ 3.03 billion +5.89% 10 Jito Staked SOL JITOSOL $ 113.72 $ 1.28B
$ 1.28 billion +5.64% 11 Wrapped BNB WBNB $ 651.06 $ 917.55M
$ 917.55 million +3.01% 12 Lombard Staked Bitcoin LBTC $ 72,747.39 $ 769.11M
$ 769.11 million +6.93% 13 Mantle Staked Ether METH $ 2,296.45 $ 488.95M
$ 488.95 million +7.01% 14 Solv BTC SOLVBTC $ 72,241.07 $ 471.47M
$ 471.47 million +6.07% 15 tBTC v2 TBTC $ 71,845.91 $ 424.82M
$ 424.82 million +5.50% 16 Marinade staked SOL MSOL $ 122.43 $ 309.83M
$ 309.83 million +5.37% 17 Coinbase Wrapped Staked ETH CBETH $ 2,372.60 $ 298.31M
$ 298.31 million +7.39% 18 Bitcoin Avalanche Bridged BTC.b $ 72,361.49 $ 278.15M
$ 278.15 million +6.08% 19 Wrapped Solana SOL $ 89.83 $ 167.90M
$ 167.90 million +5.57% 20 Wrapped AVAX WAVAX $ 9.42 $ 155.84M
$ 155.84 million +3.87% 21 BybitSOL BBSOL $ 102.04 $ 120.96M
$ 120.96 million +5.38% 22 Wrapped Centrifuge CFG $ 0.153 $ 87.69M
$ 87.69 million +5.82% 23 Wrapped Matic WMATIC $ 0.103 $ 14.61M
$ 14.61 million +1.38% 24 Axelar Wrapped USDC AXLUSDC $ 0.999 $ 2.55M
$ 2.55 million -0.11%
The coins below are ranked lower due to missing data.
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25 Binance Staked SOL BNSOL $ 98.93 $ 970.49M
$ 970.49 million +5.69% 26 Rocket Pool ETH RETH $ 2,458.54 $ 882.33M
$ 882.33 million +7.88% 27 Jupiter Staked SOL JUPSOL $ 105.60 $ 442.25M
$ 442.25 million +5.60% 28 Binance-Peg XRP Token XRP $ 1.41 $ 347.16M
$ 347.16 million +4.34% 29 ckBTC ckBTC $ 72,105.90 $ 34.03M
$ 34.03 million +6.73% 30 Coinbase Wrapped XRP CBXRP $ 1.42 $ 30.30M
$ 30.30 million +5.34% 31 Wrapped NXM WNXM $ 54.55 $ 26.38M
$ 26.38 million +8.35% 32 Wrapped TAO WTAO $ 182.05 $ 21.56M
$ 21.56 million +4.17% 33 ckUSDC CKUSDC $ 1.00 $ 1.86M
$ 1.86 million +0.34% 34 Wrapped NCG WNCG $ 0.00545 $ 1.75M
$ 1.75 million +1.37% 35 ckETH ckETH $ 2,121.45 $ 1.31M
$ 1.31 million +7.55% 36 renBTC RENBTC $ 3,227.07 $ 982,637
$ 982,637 +6.43% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,768.30 $ 42.63T
$ 42.63 trillion -6.52% 38 USDC (BASE) USDC $ 1.00 $ 4.35B
$ 4.35 billion +0.25% 39 Wrapped Binance Beacon ETH WBETH $ 2,304.24 $ 3.00B
$ 3.00 billion +7.51% 40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999 $ 1.29B
$ 1.29 billion +0.06% 41 USDC (Avalance) USDC $ 1.000 $ 721.43M
$ 721.43 million -0.01% 42 Wrapped BTC (Wormhole) WBTC $ 72,031.34 $ 287.93M
$ 287.93 million +5.94% 43 Binance Wrapped BTC BBTC $ 72,335.91 $ 209.77M
$ 209.77 million +6.34% 44 Gate Wrapped BTC GTBTC $ 72,393.99 $ 166.48M
$ 166.48 million +5.98% 45 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15 $ 91.63M
$ 91.63 million +0.22% 46 TRON peg TRX $ 0.286 $ 85.29M
$ 85.29 million +1.95% 47 Kelp DAO Wrapped rsETH WRSETH $ 2,265.85 $ 71.17M
$ 71.17 million +7.85% 48 Binance-Peg Bitcoin Cash Token BCH $ 461.04 $ 44.49M
$ 44.49 million +3.91% 49 Wrapped BTC WBTC.E $ 72,116.53 $ 31.59M
$ 31.59 million +6.17% 50 ETH by Sui Bridge ETH $ 2,115.62 $ 29.09M
$ 29.09 million +7.66%
What is a wrapped token?
A wrapped token is a blockchain-backed IOU that represents—at a 1:1 ratio—an asset living on another chain or outside the crypto ecosystem entirely.
Smart contracts lock the original asset (BTC, ETH, gold, even real-estate) and mint an equivalent ERC-20, BEP-20, SPL, etc. token so it can trade in DeFi, collateralise loans, or be used in dApps while preserving the price of the underlying collateral.
Quick Facts
Purpose: Move non-native or illiquid assets onto faster, programmable chains (mainly Ethereum).
Backing: 1:1 custodial or decentralised vault; auditable on-chain.
Common standards: ERC-20 (WBTC, WETH), BEP-20 (BBTC), SPL (soBTC).
Market size: >$15 B in wrapped BTC alone; >$25 B across all wrapped assets.
Key benefit: Interoperability + composability with DeFi (DEX, lend, derivatives).
Top Wrapped Tokens (Live Examples)
Token
Ticker
Original Asset
Host Chain
2024 TVL / Issuance
Wrapped BTC
WBTC
Bitcoin (BTC)
Ethereum
154 k BTC (~$9 B)
Wrapped ETH
WETH
Ether (ETH)
Ethereum
4.2 M ETH (~$11 B)
renBTC
renBTC
Bitcoin
Ethereum
1.1 k BTC (decreasing)
BBTC
BBTC
Bitcoin
BNB Chain
12 k BTC
soBTC
soBTC
Bitcoin
Solana
2.4 k BTC
Wrapped DOT
WDOT
Polkadot (DOT)
Ethereum
1.8 M DOT
Wrapped AVAX
WAVAX
Avalanche (AVAX)
Ethereum / Avalanche
3.7 M AVAX
How It Works
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
Redeem by burning wrapped token; original asset unlocked and returned.
Benefits
DeFi composability – BTC can become collateral for DAI loans or yield farm.
Cross-chain liquidity – move value from slow chains to fast, low-fee L2s.
Fractional access – tokenise $2 k of gold instead of buying a full bar.
24/7 settlement – no T+2 clearing; trades atomic on DEXs.
Transparent reserves – on-chain proof-of-assets; real-time audits.
Risks & Trade-offs
Custodial risk – bridge or multi-sig hack can leave wrapped tokens unbacked (e.g., Ronin, Wormhole exploits).
Centralisation – WBTC custodian BitGo controls keys; regulatory seizure possible.
de-peg events – during high volatility wrapped asset can trade 1–3 % below native (e.g., WBTC vs BTC).
Mint/burn fees – custodian plus gas can outweigh small trades.
Bridge fragmentation – liquidity splits across WBTC, renBTC, tBTC, etc., hurting depth.
Legal uncertainty – wrapped securities or real-estate may breach securities laws.
Final Thoughts
Wrapped tokens are the interoperability layer of DeFi: they let BTC, gold, or even NFTs ride on programmable rails, unlocking yield, leverage, and lightning-fast swaps.
The trade-off is counter-party risk; always check custodian audits, insurance coverage, and bridge decentralisation before parking capital.
If the wrapping process becomes trust-minimised (zk-proof bridges), expect wrapped assets to underpin the next wave of cross-chain finance.
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