Wrapped coins

0 coins #18

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 $ 2,918.54
$ 25.75B
$ 25.75 billion
-0.24%
2 Wrapped BTC WBTC $ 88,398.54
$ 12.14B
$ 12.14 billion
-0.14%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,600.39
$ 11.49B
$ 11.49 billion
+0.18%
4 Wrapped eETH weETH $ 3,172.38
$ 9.06B
$ 9.06 billion
-0.09%
5 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.10%
6 Wrapped Ether WETH $ 2,938.14
$ 7.81B
$ 7.81 billion
+0.24%
7 Coinbase Wrapped BTC CBBTC $ 88,583.88
$ 3.72B
$ 3.72 billion
-0.02%
8 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
+0.15%
9 Bitcoin BEP2 BTCB $ 88,584.25
$ 3.47B
$ 3.47 billion
-0.31%
10 Jito Staked SOL JITOSOL $ 156.19
$ 1.78B
$ 1.78 billion
-1.33%
11 Wrapped BNB WBNB $ 874.72
$ 1.23B
$ 1.23 billion
-0.61%
12 Rocket Pool ETH RETH $ 3,367.76
$ 1.21B
$ 1.21 billion
-0.73%
13 Lombard Staked Bitcoin LBTC $ 89,146.15
$ 935.29M
$ 935.29 million
-0.15%
14 Mantle Staked Ether METH $ 3,174.91
$ 676.16M
$ 676.16 million
-0.11%
15 tBTC v2 TBTC $ 88,525.98
$ 523.31M
$ 523.31 million
-0.16%
16 Binance-Peg XRP Token XRP $ 1.94
$ 475.09M
$ 475.09 million
+3.06%
17 Marinade staked SOL MSOL $ 168.33
$ 426.29M
$ 426.29 million
-1.16%
18 Coinbase Wrapped Staked ETH CBETH $ 3,271.85
$ 411.59M
$ 411.59 million
-0.38%
19 Bitcoin Avalanche Bridged BTC.b $ 88,332.34
$ 339.54M
$ 339.54 million
-0.48%
20 Wrapped Solana SOL $ 124.16
$ 232.56M
$ 232.56 million
-1.45%
21 Wrapped AVAX WAVAX $ 11.84
$ 195.89M
$ 195.89 million
-0.57%
22 Wrapped Centrifuge CFG $ 0.116
$ 66.38M
$ 66.38 million
-0.66%
23 Coinbase Wrapped XRP CBXRP $ 1.93
$ 41.04M
$ 41.04 million
+1.79%
24 Wrapped Matic WMATIC $ 0.123
$ 17.52M
$ 17.52 million
+0.69%
25 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
-0.09%

The coins below are ranked lower due to missing data. Learn more

26 Wrapped TRON WTRX $ 0.295
$ 3.78B
$ 3.78 billion
-0.84%
27 Binance Staked SOL BNSOL $ 135.96
$ 1.30B
$ 1.30 billion
-1.72%
28 Jupiter Staked SOL JUPSOL $ 144.57
$ 589.12M
$ 589.12 million
-1.49%
29 BybitSOL BBSOL $ 140.57
$ 223.92M
$ 223.92 million
-1.41%
30 ckBTC ckBTC $ 88,445.52
$ 41.73M
$ 41.73 million
-0.30%
31 Wrapped NXM WNXM $ 70.82
$ 34.25M
$ 34.25 million
-1.25%
32 Wrapped TAO WTAO $ 231.76
$ 27.44M
$ 27.44 million
-2.76%
33 Wrapped NCG WNCG $ 0.00760
$ 2.43M
$ 2.43 million
-3.92%
34 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+1.08%
35 ckETH ckETH $ 2,935.59
$ 1.82M
$ 1.82 million
-0.46%
36 renBTC RENBTC $ 4,323.62
$ 1.31M
$ 1.31 million
-0.97%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,093.66
$ 45.54T
$ 45.54 trillion
+3.88%
38 Wrapped DOGE WDOGE $ 0.143
$ 18.50B
$ 18.50 billion
+10.06%
39 Wrapped Binance Beacon ETH WBETH $ 3,180.04
$ 4.46B
$ 4.46 billion
-0.48%
40 USDC (BASE) USDC $ 1.00
$ 4.41B
$ 4.41 billion
-0.21%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.04%
42 USDC (Avalance) USDC $ 0.999
$ 720.88M
$ 720.88 million
-0.32%
43 Wrapped BTC (Wormhole) WBTC $ 88,474.98
$ 353.66M
$ 353.66 million
+0.04%
44 Binance Wrapped BTC BBTC $ 87,770.60
$ 254.53M
$ 254.53 million
-1.02%
45 Gate Wrapped BTC GTBTC $ 88,611.98
$ 203.78M
$ 203.78 million
-0.37%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.72M
$ 123.72 million
-0.02%
47 Kelp DAO Wrapped rsETH WRSETH $ 3,099.81
$ 97.37M
$ 97.37 million
-0.42%
48 TRON peg TRX $ 0.295
$ 88.26M
$ 88.26 million
-0.66%
49 Binance-Peg Bitcoin Cash Token BCH $ 578.46
$ 55.82M
$ 55.82 million
-1.18%
50 ETH by Sui Bridge ETH $ 2,925.23
$ 38.71M
$ 38.71 million
+0.13%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Binance-Peg XRP Token XRP $ 1.94
$ 475.09M
$ 475.09 million
+3.06%
Coinbase Wrapped XRP CBXRP $ 1.93
$ 41.04M
$ 41.04 million
+1.79%
Wrapped Matic WMATIC $ 0.123
$ 17.52M
$ 17.52 million
+0.69%
Wrapped Ether WETH $ 2,938.14
$ 7.81B
$ 7.81 billion
+0.24%
Wrapped liquid staked Ether 2.0 wstETH $ 3,600.39
$ 11.49B
$ 11.49 billion
+0.18%
All gainers

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

  1. Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
  2. Custody locks the asset in a multi-sig or MPC vault; emits event.
  3. Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
  4. Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
  5. 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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