Wrapped coins

189 coins #20

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 Wrapped DOGE WDOGE $ 0.139
$ 17.98B
$ 17.98 billion
-1.23%
2 Wrapped liquid staked Ether 2.0 wstETH $ 3,811.99
$ 12.73B
$ 12.73 billion
-4.06%
3 Wrapped BTC WBTC $ 90,336.44
$ 12.42B
$ 12.42 billion
-2.09%
4 Wrapped eETH weETH $ 3,379.82
$ 9.22B
$ 9.22 billion
-3.80%
5 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.35%
6 Wrapped Ether WETH $ 3,122.97
$ 8.27B
$ 8.27 billion
-3.85%
7 Wrapped Binance Beacon ETH WBETH $ 3,388.92
$ 4.75B
$ 4.75 billion
-3.87%
8 USDC (BASE) USDC $ 1.00
$ 4.42B
$ 4.42 billion
+0.19%
9 Coinbase Wrapped BTC CBBTC $ 90,497.78
$ 3.80B
$ 3.80 billion
-2.17%
10 Bitcoin BEP2 BTCB $ 90,467.61
$ 3.55B
$ 3.55 billion
-2.45%
11 Wrapped TRON WTRX $ 0.273
$ 3.50B
$ 3.50 billion
-1.53%
12 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-1.05%
13 Wrapped BNB WBNB $ 887.98
$ 1.20B
$ 1.20 billion
-0.07%
14 USDC (Avalance) USDC $ 0.999
$ 720.49M
$ 720.49 million
-0.17%
15 tBTC v2 TBTC $ 90,320.10
$ 550.62M
$ 550.62 million
-2.12%
16 Wrapped BTC (Wormhole) WBTC $ 90,299.94
$ 360.13M
$ 360.13 million
-2.26%
17 Binance Wrapped BTC BBTC $ 90,381.05
$ 262.11M
$ 262.11 million
-2.17%
18 Wrapped AVAX WAVAX $ 13.40
$ 237.16M
$ 237.16 million
-1.67%
19 Kelp DAO Wrapped rsETH WRSETH $ 3,305.40
$ 103.83M
$ 103.83 million
-3.39%
20 TRON peg TRX $ 0.273
$ 81.43M
$ 81.43 million
-2.05%
21 Wrapped Centrifuge CFG $ 0.137
$ 78.21M
$ 78.21 million
-1.95%
22 Binance-Peg Bitcoin Cash Token BCH $ 577.77
$ 55.75M
$ 55.75 million
-0.07%
23 ETH by Sui Bridge ETH $ 3,126.15
$ 45.25M
$ 45.25 million
-3.98%
24 ckBTC ckBTC $ 90,411.13
$ 42.67M
$ 42.67 million
-2.39%
25 Coinbase Wrapped XRP CBXRP $ 2.04
$ 39.78M
$ 39.78 million
+0.15%
26 Wrapped BTC WBTC.E $ 90,244.77
$ 39.53M
$ 39.53 million
-2.27%
27 Wrapped XRP WXRP $ 2.04
$ 36.61M
$ 36.61 million
-0.27%
28 Wrapped NXM WNXM $ 74.34
$ 36.33M
$ 36.33 million
-0.41%
29 Wrapped TAO WTAO $ 295.15
$ 32.04M
$ 32.04 million
-2.29%
30 Wrapped Axelar WAXL $ 0.135
$ 31.68M
$ 31.68 million
-11.84%
31 DETH DETH $ 3,137.30
$ 29.14M
$ 29.14 million
-3.94%
32 Wrapped Matic WMATIC $ 0.121
$ 17.28M
$ 17.28 million
-0.65%
33 Wrapped QUIL wQUIL $ 0.0169
$ 15.28M
$ 15.28 million
-2.21%
34 Wrapped FRAX WFRAX $ 0.701
$ 12.95M
$ 12.95 million
-6.05%
35 iShares Gold Trust (Ondo Tokenized) IAUon $ 81.38
$ 9.74M
$ 9.74 million
-0.10%
36 Tesla tokenized stock (xStock) TSLAX $ 456.36
$ 5.02M
$ 5.02 million
+2.32%
37 Wrapped Cardano WADA $ 0.412
$ 4.93M
$ 4.93 million
-3.11%
38 Solana (Universal) USOL $ 133.55
$ 4.07M
$ 4.07 million
-3.14%
39 Wrapped WDOGE WWDOGE $ 0.141
$ 3.92M
$ 3.92 million
-0.00%
40 XRP (Universal) UXRP $ 2.03
$ 3.71M
$ 3.71 million
+0.09%
41 SPUSD SPUSD $ 1.00
$ 3.63M
$ 3.63 million
+0.08%
42 OKX Wrapped BTC XBTC $ 90,375.21
$ 3.52M
$ 3.52 million
-2.31%
43 Coinbase Wrapped DOGE CBDOGE $ 0.139
$ 3.52M
$ 3.52 million
-1.82%
44 ckUSDT CKUSDT $ 0.993
$ 3.46M
$ 3.46 million
-1.32%
45 Bridged USDT (Sonic Labs) USDT $ 1.00
$ 2.71M
$ 2.71 million
+0.00%
46 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.56M
$ 2.56 million
-0.20%
47 Coinbase Wrapped LTC cbLTC $ 82.02
$ 2.53M
$ 2.53 million
-0.03%
48 Wrapped NCG WNCG $ 0.00800
$ 2.50M
$ 2.50 million
+5.69%
49 HBAR HBAR $ 0.124
$ 2.23M
$ 2.23 million
-4.39%
50 ckUSDC CKUSDC $ 1.01
$ 2.11M
$ 2.11 million
+0.21%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped XTZ WXTZ $ 0.503
$ 225,688
$ 225,688
+3.60%
Wrapped WAN WWAN $ --
$ --
$ --
--%
Wrapped Mountain Protocol USD WUSDM $ --
$ --
$ --
--%
Aptos (Universal) UAPT $ 1.66
$ 33,568
$ 33,568
-2.26%
Wrapped stkscETH wstkscETH $ --
$ --
$ --
--%
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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