Wrapped coins

222 coins #19

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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 1,974.95
$ 17.52B
$ 17.52 billion
-4.50%
2 Wrapped BTC WBTC $ 72,799.23
$ 10.00B
$ 10.00 billion
-3.47%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.03%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,442.79
$ 8.23B
$ 8.23 billion
-4.66%
5 Wrapped Ether WETH $ 1,974.94
$ 5.25B
$ 5.25 billion
-4.62%
6 Wrapped eETH weETH $ 2,166.08
$ 3.45B
$ 3.45 billion
-4.61%
7 Bitcoin BEP2 BTCB $ 72,962.92
$ 3.08B
$ 3.08 billion
-3.41%
8 Coinbase Wrapped BTC CBBTC $ 72,935.90
$ 3.01B
$ 3.01 billion
-3.47%
9 Wrapped BNB WBNB $ 633.93
$ 1.09B
$ 1.09 billion
-2.96%
10 Jito Staked SOL JITOSOL $ 103.03
$ 818.02M
$ 818.02 million
-3.86%
11 Lombard Staked Bitcoin LBTC $ 73,342.23
$ 776.81M
$ 776.81 million
-3.20%
12 Rocket Pool ETH RETH $ 2,302.71
$ 767.84M
$ 767.84 million
-4.62%
13 Solv BTC SOLVBTC $ 72,926.98
$ 461.95M
$ 461.95 million
-3.44%
14 Mantle Staked Ether METH $ 2,159.50
$ 446.60M
$ 446.60 million
-4.26%
15 tBTC v2 TBTC $ 72,992.85
$ 349.28M
$ 349.28 million
-3.44%
16 Binance-Peg XRP Token XRP $ 1.28
$ 292.21M
$ 292.21 million
-3.66%
17 Bitcoin Avalanche Bridged BTC.b $ 72,946.68
$ 280.38M
$ 280.38 million
-3.32%
18 Coinbase Wrapped Staked ETH CBETH $ 2,233.96
$ 261.09M
$ 261.09 million
-4.69%
19 Marinade staked SOL MSOL $ 111.13
$ 257.67M
$ 257.67 million
-3.24%
20 Wrapped Centrifuge CFG $ 0.291
$ 168.06M
$ 168.06 million
-4.54%
21 Wrapped AVAX WAVAX $ 8.77
$ 141.47M
$ 141.47 million
-3.73%
22 Wrapped Solana SOL $ 80.50
$ 120.76M
$ 120.76 million
-3.79%
23 Coinbase Wrapped XRP CBXRP $ 1.28
$ 97.40M
$ 97.40 million
-3.50%
24 Wrapped Matic WMATIC $ 0.0872
$ 12.42M
$ 12.42 million
-5.05%
25 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.43M
$ 2.43 million
+0.03%
26 Wrapped NCG WNCG $ 0.00705
$ 2.26M
$ 2.26 million
-14.34%

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

27 Ethena Staked USDe sUSDe $ 3.34
$ 10.42B
$ 10.42 billion
+0.14%
28 Wrapped TRON WTRX $ 0.365
$ 1.45B
$ 1.45 billion
-2.34%
29 Binance Staked SOL BNSOL $ 89.92
$ 893.96M
$ 893.96 million
-3.63%
30 Jupiter Staked SOL JUPSOL $ 95.72
$ 410.52M
$ 410.52 million
-3.67%
31 BybitSOL BBSOL $ 92.92
$ 113.77M
$ 113.77 million
-3.58%
32 Wrapped TAO WTAO $ 259.97
$ 27.92M
$ 27.92 million
-5.47%
33 Wrapped NXM WNXM $ 51.88
$ 22.26M
$ 22.26 million
-5.34%
34 ckBTC ckBTC $ 72,162.11
$ 13.88M
$ 13.88 million
-10.23%
35 renBTC RENBTC $ 19,041.15
$ 5.80M
$ 5.80 million
-5.07%
36 ckUSDC CKUSDC $ 0.989
$ 2.02M
$ 2.02 million
-8.15%
37 ckETH ckETH $ 1,952.34
$ 1.21M
$ 1.21 million
-9.80%
38 ckOCT CKOCT $ 0.00581
$ 102.83T
$ 102.83 trillion
-16.35%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,455.42
$ 66.73T
$ 66.73 trillion
-2.60%
40 Wrapped BTC (BitGo) WBTC $ 73,233.78
$ 8.67B
$ 8.67 billion
-2.90%
41 USDC (BASE) USDC $ 0.997
$ 4.33B
$ 4.33 billion
-0.25%
42 Wrapped Binance Beacon ETH WBETH $ 2,169.81
$ 2.69B
$ 2.69 billion
-4.67%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.03%
44 USDC (Avalance) USDC $ 0.997
$ 719.58M
$ 719.58 million
-0.00%
45 Wrapped BTC (Wormhole) WBTC $ 72,732.36
$ 218.92M
$ 218.92 million
-3.50%
46 Binance Wrapped BTC BBTC $ 73,241.61
$ 212.40M
$ 212.40 million
-3.10%
47 Gate Wrapped BTC GTBTC $ 73,230.87
$ 168.38M
$ 168.38 million
-3.56%
48 TRON peg TRX $ 0.362
$ 108.06M
$ 108.06 million
-3.28%
49 Wrapped Fantom WFTM $ 0.0476
$ 104.09M
$ 104.09 million
-1.10%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,103.49
$ 66.07M
$ 66.07 million
-3.20%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.43M
$ 2.43 million
+0.03%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.03%
Wrapped BNB WBNB $ 633.93
$ 1.09B
$ 1.09 billion
-2.96%
Lombard Staked Bitcoin LBTC $ 73,342.23
$ 776.81M
$ 776.81 million
-3.20%
Marinade staked SOL MSOL $ 111.13
$ 257.67M
$ 257.67 million
-3.24%
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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