Wrapped coins

3 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 $ 2,009.82
$ 17.72B
$ 17.72 billion
+2.04%
2 Wrapped BTC WBTC $ 68,160.70
$ 9.37B
$ 9.37 billion
+2.47%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.99B
$ 8.99 billion
+0.06%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,470.02
$ 7.89B
$ 7.89 billion
+2.31%
5 Wrapped eETH weETH $ 2,189.31
$ 6.23B
$ 6.23 billion
+2.10%
6 Wrapped Ether WETH $ 2,011.32
$ 5.34B
$ 5.34 billion
+2.00%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 68,383.19
$ 3.01B
$ 3.01 billion
+2.38%
9 Bitcoin BEP2 BTCB $ 68,437.89
$ 2.67B
$ 2.67 billion
+2.60%
10 Jito Staked SOL JITOSOL $ 109.22
$ 1.23B
$ 1.23 billion
+2.22%
11 Wrapped BNB WBNB $ 636.70
$ 896.92M
$ 896.92 million
+2.16%
12 Lombard Staked Bitcoin LBTC $ 68,624.47
$ 725.46M
$ 725.46 million
+2.72%
13 Solv BTC SOLVBTC $ 68,285.29
$ 434.34M
$ 434.34 million
+3.01%
14 tBTC v2 TBTC $ 66,943.68
$ 395.85M
$ 395.85 million
+0.89%
15 Marinade staked SOL MSOL $ 117.67
$ 297.79M
$ 297.79 million
+2.28%
16 Coinbase Wrapped Staked ETH CBETH $ 2,257.20
$ 283.79M
$ 283.79 million
+2.04%
17 Bitcoin Avalanche Bridged BTC.b $ 68,356.18
$ 262.75M
$ 262.75 million
+2.44%
18 Wrapped Solana SOL $ 86.44
$ 161.57M
$ 161.57 million
+2.26%
19 Wrapped AVAX WAVAX $ 9.16
$ 151.52M
$ 151.52 million
+0.52%
20 BybitSOL BBSOL $ 98.19
$ 116.20M
$ 116.20 million
+2.13%
21 Wrapped Centrifuge CFG $ 0.119
$ 68.31M
$ 68.31 million
-20.44%
22 Coinbase Wrapped XRP CBXRP $ 1.37
$ 29.23M
$ 29.23 million
-0.03%
23 Wrapped NXM WNXM $ 52.27
$ 25.25M
$ 25.25 million
+3.57%
24 Wrapped Matic WMATIC $ 0.100
$ 14.28M
$ 14.28 million
-7.40%
25 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.17%

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

26 Binance Staked SOL BNSOL $ 94.82
$ 930.58M
$ 930.58 million
+2.26%
27 Rocket Pool ETH RETH $ 2,325.23
$ 834.49M
$ 834.49 million
+2.36%
28 Mantle Staked Ether METH $ 2,177.06
$ 463.53M
$ 463.53 million
+1.30%
29 Jupiter Staked SOL JUPSOL $ 101.41
$ 424.70M
$ 424.70 million
+2.21%
30 Binance-Peg XRP Token XRP $ 1.37
$ 337.22M
$ 337.22 million
+0.22%
31 ckBTC ckBTC $ 68,643.95
$ 32.36M
$ 32.36 million
+2.03%
32 Wrapped TAO WTAO $ 183.57
$ 21.74M
$ 21.74 million
+1.91%
33 ckUSDC CKUSDC $ 0.998
$ 1.86M
$ 1.86 million
-0.06%
34 Wrapped NCG WNCG $ 0.00544
$ 1.74M
$ 1.74 million
-0.17%
35 ckETH ckETH $ 2,015.18
$ 1.25M
$ 1.25 million
+1.76%
36 renBTC RENBTC $ 3,110.36
$ 947,100
$ 947,100
+1.15%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,193.58
$ 46.44T
$ 46.44 trillion
-1.82%
38 Wrapped DOGE WDOGE $ 0.108
$ 14.01B
$ 14.01 billion
+0.86%
39 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.25%
40 Wrapped Binance Beacon ETH WBETH $ 2,192.44
$ 2.85B
$ 2.85 billion
+2.02%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.01%
42 USDC (Avalance) USDC $ 1.00
$ 721.68M
$ 721.68 million
+0.12%
43 Wrapped BTC (Wormhole) WBTC $ 68,275.71
$ 272.92M
$ 272.92 million
+2.47%
44 Binance Wrapped BTC BBTC $ 68,425.81
$ 198.43M
$ 198.43 million
+2.59%
45 Gate Wrapped BTC GTBTC $ 68,573.57
$ 157.69M
$ 157.69 million
+2.32%
46 TRON peg TRX $ 0.284
$ 84.75M
$ 84.75 million
+1.01%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,142.10
$ 67.29M
$ 67.29 million
+2.94%
48 Binance-Peg Bitcoin Cash Token BCH $ 443.20
$ 42.78M
$ 42.78 million
-1.77%
49 Wrapped BTC WBTC.E $ 68,372.32
$ 29.95M
$ 29.95 million
+3.34%
50 ETH by Sui Bridge ETH $ 2,016.06
$ 27.72M
$ 27.72 million
+2.06%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped NXM WNXM $ 52.27
$ 25.25M
$ 25.25 million
+3.57%
Solv BTC SOLVBTC $ 68,285.29
$ 434.34M
$ 434.34 million
+3.01%
Lombard Staked Bitcoin LBTC $ 68,624.47
$ 725.46M
$ 725.46 million
+2.72%
Bitcoin BEP2 BTCB $ 68,437.89
$ 2.67B
$ 2.67 billion
+2.60%
Wrapped BTC WBTC $ 68,160.70
$ 9.37B
$ 9.37 billion
+2.47%
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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