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 $ 2,115.04
$ 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. Learn more

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%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Ether WETH $ 2,115.33
$ 5.62B
$ 5.62 billion
+7.65%
Lido Staked Ether stETH $ 2,115.04
$ 18.65B
$ 18.65 billion
+7.64%
Wrapped eETH weETH $ 2,302.94
$ 6.55B
$ 6.55 billion
+7.56%
Coinbase Wrapped Staked ETH CBETH $ 2,372.60
$ 298.31M
$ 298.31 million
+7.39%
Wrapped liquid staked Ether 2.0 wstETH $ 2,594.89
$ 8.28B
$ 8.28 billion
+7.31%
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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