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 $ 1,966.39
$ 17.34B
$ 17.34 billion
+1.01%
2 Wrapped BTC WBTC $ 67,763.09
$ 9.31B
$ 9.31 billion
+1.53%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.15%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,414.42
$ 7.71B
$ 7.71 billion
+1.11%
5 Wrapped eETH weETH $ 2,138.95
$ 6.08B
$ 6.08 billion
+0.98%
6 Wrapped Ether WETH $ 1,968.27
$ 5.23B
$ 5.23 billion
+1.03%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 67,981.84
$ 2.99B
$ 2.99 billion
+1.52%
9 Bitcoin BEP2 BTCB $ 67,908.23
$ 2.65B
$ 2.65 billion
+1.58%
10 Jito Staked SOL JITOSOL $ 106.59
$ 1.20B
$ 1.20 billion
+2.63%
11 Wrapped BNB WBNB $ 625.73
$ 881.81M
$ 881.81 million
+3.14%
12 Rocket Pool ETH RETH $ 2,278.44
$ 817.70M
$ 817.70 million
+1.20%
13 Lombard Staked Bitcoin LBTC $ 67,836.99
$ 718.00M
$ 718.00 million
+0.91%
14 Solv BTC SOLVBTC $ 68,118.47
$ 468.87M
$ 468.87 million
+2.00%
15 Mantle Staked Ether METH $ 2,141.74
$ 456.01M
$ 456.01 million
+1.71%
16 tBTC v2 TBTC $ 68,069.08
$ 402.49M
$ 402.49 million
+1.79%
17 Binance-Peg XRP Token XRP $ 1.43
$ 350.25M
$ 350.25 million
+2.01%
18 Marinade staked SOL MSOL $ 114.74
$ 290.38M
$ 290.38 million
+2.54%
19 Coinbase Wrapped Staked ETH CBETH $ 2,209.68
$ 277.82M
$ 277.82 million
+1.01%
20 Wrapped Solana SOL $ 84.50
$ 157.95M
$ 157.95 million
+2.55%
21 Wrapped AVAX WAVAX $ 9.16
$ 151.54M
$ 151.54 million
+2.94%
22 BybitSOL BBSOL $ 95.87
$ 113.06M
$ 113.06 million
+2.48%
23 Wrapped Centrifuge CFG $ 0.0850
$ 48.85M
$ 48.85 million
+6.15%
24 Coinbase Wrapped XRP CBXRP $ 1.43
$ 30.38M
$ 30.38 million
+1.45%
25 Wrapped Matic WMATIC $ 0.106
$ 15.07M
$ 15.07 million
+0.84%
26 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.56M
$ 2.56 million
+0.08%

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

27 Wrapped TRON WTRX $ 0.285
$ 3.66B
$ 3.66 billion
+0.13%
28 Binance Staked SOL BNSOL $ 92.90
$ 911.26M
$ 911.26 million
+2.52%
29 Jupiter Staked SOL JUPSOL $ 98.69
$ 413.34M
$ 413.34 million
+2.57%
30 Bitcoin Avalanche Bridged BTC.b $ 67,828.62
$ 260.73M
$ 260.73 million
+1.59%
31 ckBTC ckBTC $ 68,717.53
$ 32.43M
$ 32.43 million
+3.98%
32 Wrapped NXM WNXM $ 51.65
$ 24.98M
$ 24.98 million
+0.65%
33 Wrapped TAO WTAO $ 179.72
$ 21.28M
$ 21.28 million
+4.47%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.55%
35 Wrapped NCG WNCG $ 0.00554
$ 1.77M
$ 1.77 million
-1.16%
36 ckETH ckETH $ 1,983.42
$ 1.23M
$ 1.23 million
+0.76%
37 renBTC RENBTC $ 3,126.55
$ 952,029
$ 952,029
+1.52%
38 ckOCT CKOCT $ 0.00421
$ 74.57T
$ 74.57 trillion
+15.33%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,923.31
$ 44.02T
$ 44.02 trillion
-1.35%
40 Wrapped DOGE WDOGE $ 0.116
$ 14.91B
$ 14.91 billion
+2.74%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.15%
42 Wrapped Binance Beacon ETH WBETH $ 2,145.19
$ 2.79B
$ 2.79 billion
+1.01%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.29%
44 USDC (Avalance) USDC $ 0.999
$ 720.54M
$ 720.54 million
-0.17%
45 Wrapped BTC (Wormhole) WBTC $ 67,724.24
$ 270.72M
$ 270.72 million
+1.52%
46 Binance Wrapped BTC BBTC $ 67,870.41
$ 196.82M
$ 196.82 million
+1.51%
47 Gate Wrapped BTC GTBTC $ 68,165.57
$ 156.75M
$ 156.75 million
+1.49%
48 TRON peg TRX $ 0.285
$ 85.18M
$ 85.18 million
+0.35%
49 Binance-Peg Bitcoin Cash Token BCH $ 562.14
$ 54.25M
$ 54.25 million
+3.73%
50 Wrapped BTC WBTC.E $ 67,637.92
$ 29.63M
$ 29.63 million
+1.73%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.0850
$ 48.85M
$ 48.85 million
+6.15%
Wrapped BNB WBNB $ 625.73
$ 881.81M
$ 881.81 million
+3.14%
Wrapped AVAX WAVAX $ 9.16
$ 151.54M
$ 151.54 million
+2.94%
Jito Staked SOL JITOSOL $ 106.59
$ 1.20B
$ 1.20 billion
+2.63%
Wrapped Solana SOL $ 84.50
$ 157.95M
$ 157.95 million
+2.55%
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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