Wrapped coins

221 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 Price Market cap 24h
1 Lido Staked Ether stETH $ 2,262.49
$ 19.83B
$ 19.83 billion
-0.96%
2 Wrapped BTC WBTC $ 79,488.08
$ 10.92B
$ 10.92 billion
-1.24%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,792.60
$ 9.35B
$ 9.35 billion
-0.95%
4 Binance-Peg BSC-USD BSC-USD $ 0.848
$ 7.62B
$ 7.62 billion
+8.68%
5 Wrapped Ether WETH $ 2,261.19
$ 6.01B
$ 6.01 billion
-1.03%
6 Wrapped eETH weETH $ 2,472.14
$ 4.34B
$ 4.34 billion
-1.10%
7 Coinbase Wrapped BTC CBBTC $ 79,656.74
$ 3.18B
$ 3.18 billion
-1.26%
8 Bitcoin BEP2 BTCB $ 68,524.60
$ 2.89B
$ 2.89 billion
+5.30%
9 Wrapped BNB WBNB $ 579.67
$ 1.00B
$ 1.00 billion
+2.12%
10 Binance Staked SOL BNSOL $ 101.13
$ 942.94M
$ 942.94 million
-3.86%
11 Jito Staked SOL JITOSOL $ 116.52
$ 924.88M
$ 924.88 million
-3.66%
12 Rocket Pool ETH RETH $ 2,632.92
$ 878.46M
$ 878.46 million
-0.94%
13 Lombard Staked Bitcoin LBTC $ 79,857.96
$ 846.36M
$ 846.36 million
-1.48%
14 tBTC v2 TBTC $ 79,570.53
$ 412.74M
$ 412.74 million
-1.29%
15 Bitcoin Avalanche Bridged BTC.b $ 79,768.12
$ 306.62M
$ 306.62 million
-1.19%
16 Coinbase Wrapped Staked ETH CBETH $ 2,557.23
$ 298.97M
$ 298.97 million
-0.93%
17 Marinade staked SOL MSOL $ 125.64
$ 291.33M
$ 291.33 million
-3.68%
18 Binance-Peg XRP Token XRP $ 1.22
$ 278.52M
$ 278.52 million
+4.12%
19 Wrapped AVAX WAVAX $ 9.79
$ 157.98M
$ 157.98 million
-0.66%
20 Wrapped Centrifuge CFG $ 0.273
$ 157.76M
$ 157.76 million
-3.64%
21 Wrapped Solana SOL $ 91.19
$ 136.80M
$ 136.80 million
-3.77%
22 Wrapped Matic WMATIC $ 0.0971
$ 13.82M
$ 13.82 million
-1.84%
23 Axelar Wrapped USDC AXLUSDC $ 0.916
$ 2.27M
$ 2.27 million
-8.16%
24 Wrapped NCG WNCG $ 0.00568
$ 1.82M
$ 1.82 million
+1.04%

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

25 Ethena Staked USDe sUSDe $ 3.81
$ 11.87B
$ 11.87 billion
-0.94%
26 Mantle Staked Ether METH $ 2,463.72
$ 560.59M
$ 560.59 million
-1.14%
27 Jupiter Staked SOL JUPSOL $ 108.16
$ 463.90M
$ 463.90 million
-3.61%
28 Solv BTC SOLVBTC $ 68,876.04
$ 443.68M
$ 443.68 million
+6.60%
29 BybitSOL BBSOL $ 104.89
$ 118.25M
$ 118.25 million
-3.72%
30 Coinbase Wrapped XRP CBXRP $ 1.42
$ 100.70M
$ 100.70 million
-1.12%
31 Wrapped TAO WTAO $ 295.61
$ 32.07M
$ 32.07 million
-4.64%
32 Wrapped NXM WNXM $ 56.72
$ 24.55M
$ 24.55 million
-2.43%
33 ckBTC ckBTC $ 78,691.28
$ 22.85M
$ 22.85 million
-5.67%
34 renBTC RENBTC $ 16,224.56
$ 4.94M
$ 4.94 million
-14.42%
35 ckUSDC CKUSDC $ 0.993
$ 1.57M
$ 1.57 million
-0.65%
36 ckETH ckETH $ 2,242.08
$ 1.39M
$ 1.39 million
-3.40%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,509.66
$ 37.13T
$ 37.13 trillion
+12.52%
38 Wrapped DOGE WDOGE $ 0.113
$ 14.62B
$ 14.62 billion
+2.64%
39 Wrapped BTC (BitGo) WBTC $ 79,383.97
$ 9.40B
$ 9.40 billion
-1.24%
40 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+1.07%
41 Wrapped Binance Beacon ETH WBETH $ 2,481.56
$ 3.08B
$ 3.08 billion
-0.95%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.932
$ 1.20B
$ 1.20 billion
+11.67%
43 USDC (Avalance) USDC $ 0.997
$ 719.56M
$ 719.56 million
+0.29%
44 Wrapped BTC (Wormhole) WBTC $ 79,491.07
$ 252.26M
$ 252.26 million
-1.20%
45 Binance Wrapped BTC BBTC $ 79,688.76
$ 231.10M
$ 231.10 million
-1.20%
46 Gate Wrapped BTC GTBTC $ 79,937.59
$ 183.82M
$ 183.82 million
-1.29%
47 TRON peg TRX $ 0.350
$ 104.45M
$ 104.45 million
+0.73%
48 Wrapped Fantom WFTM $ 0.0470
$ 102.68M
$ 102.68 million
+1.87%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,372.08
$ 74.51M
$ 74.51 million
+7.60%
50 Wrapped DAG WDAG $ 0.0196
$ 72.83M
$ 72.83 million
+1.42%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 0.848
$ 7.62B
$ 7.62 billion
+8.68%
Bitcoin BEP2 BTCB $ 68,524.60
$ 2.89B
$ 2.89 billion
+5.30%
Binance-Peg XRP Token XRP $ 1.22
$ 278.52M
$ 278.52 million
+4.12%
Wrapped BNB WBNB $ 579.67
$ 1.00B
$ 1.00 billion
+2.12%
Wrapped NCG WNCG $ 0.00568
$ 1.82M
$ 1.82 million
+1.04%
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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