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 $ 1,849.35
$ 16.31B
$ 16.31 billion
-0.71%
2 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.17%
3 Wrapped BTC WBTC $ 63,935.08
$ 8.79B
$ 8.79 billion
-1.22%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,268.26
$ 7.24B
$ 7.24 billion
-0.37%
5 Wrapped eETH weETH $ 2,013.84
$ 5.73B
$ 5.73 billion
-0.49%
6 Wrapped Ether WETH $ 1,852.31
$ 4.92B
$ 4.92 billion
-0.61%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.06%
8 Coinbase Wrapped BTC CBBTC $ 64,141.29
$ 2.82B
$ 2.82 billion
-1.15%
9 Bitcoin BEP2 BTCB $ 64,070.10
$ 2.50B
$ 2.50 billion
-1.35%
10 Jito Staked SOL JITOSOL $ 99.82
$ 1.12B
$ 1.12 billion
+1.04%
11 Wrapped BNB WBNB $ 582.51
$ 820.91M
$ 820.91 million
-2.85%
12 Rocket Pool ETH RETH $ 2,142.86
$ 769.04M
$ 769.04 million
-0.44%
13 Lombard Staked Bitcoin LBTC $ 64,092.72
$ 677.61M
$ 677.61 million
-0.67%
14 Solv BTC SOLVBTC $ 63,799.53
$ 440.00M
$ 440.00 million
-1.47%
15 tBTC v2 TBTC $ 64,023.46
$ 378.56M
$ 378.56 million
-1.04%
16 Binance-Peg XRP Token XRP $ 1.35
$ 330.49M
$ 330.49 million
-0.83%
17 Marinade staked SOL MSOL $ 107.40
$ 271.79M
$ 271.79 million
+0.89%
18 Coinbase Wrapped Staked ETH CBETH $ 2,077.68
$ 261.23M
$ 261.23 million
-0.59%
19 Wrapped Solana SOL $ 79.00
$ 147.75M
$ 147.75 million
+1.05%
20 Wrapped AVAX WAVAX $ 8.31
$ 137.41M
$ 137.41 million
-1.34%
21 BybitSOL BBSOL $ 89.69
$ 104.47M
$ 104.47 million
+1.13%
22 Wrapped Centrifuge CFG $ 0.0827
$ 47.49M
$ 47.49 million
-2.54%
23 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.64M
$ 28.64 million
-0.94%
24 Wrapped Matic WMATIC $ 0.112
$ 15.95M
$ 15.95 million
+4.47%
25 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.07%
26 Wrapped NCG WNCG $ 0.00548
$ 1.76M
$ 1.76 million
-0.35%

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

27 Wrapped TRON WTRX $ 0.284
$ 3.63B
$ 3.63 billion
+0.67%
28 Binance Staked SOL BNSOL $ 86.77
$ 851.22M
$ 851.22 million
+0.94%
29 Mantle Staked Ether METH $ 2,009.49
$ 427.86M
$ 427.86 million
+0.14%
30 Jupiter Staked SOL JUPSOL $ 92.35
$ 386.76M
$ 386.76 million
+0.87%
31 Bitcoin Avalanche Bridged BTC.b $ 64,037.33
$ 246.15M
$ 246.15 million
-1.27%
32 ckBTC ckBTC $ 63,998.76
$ 30.21M
$ 30.21 million
-2.38%
33 Wrapped NXM WNXM $ 47.70
$ 23.05M
$ 23.05 million
-1.42%
34 Wrapped TAO WTAO $ 167.57
$ 19.84M
$ 19.84 million
-1.63%
35 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.63%
36 ckETH ckETH $ 1,844.72
$ 1.14M
$ 1.14 million
-1.53%
37 renBTC RENBTC $ 2,937.97
$ 894,606
$ 894,606
+1.13%
38 ckOCT CKOCT $ 0.00506
$ 89.68T
$ 89.68 trillion
+17.47%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,306.14
$ 47.44T
$ 47.44 trillion
+4.23%
40 Wrapped DOGE WDOGE $ 0.109
$ 14.04B
$ 14.04 billion
-0.23%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.15%
42 Wrapped Binance Beacon ETH WBETH $ 2,018.38
$ 2.63B
$ 2.63 billion
-0.59%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.11%
44 USDC (Avalance) USDC $ 0.999
$ 720.73M
$ 720.73 million
-0.15%
45 Wrapped BTC (Wormhole) WBTC $ 63,863.42
$ 255.28M
$ 255.28 million
-1.20%
46 Binance Wrapped BTC BBTC $ 63,955.75
$ 185.47M
$ 185.47 million
-1.26%
47 Gate Wrapped BTC GTBTC $ 64,403.57
$ 148.10M
$ 148.10 million
-1.17%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.44M
$ 121.44 million
-0.88%
49 Wrapped Fantom WFTM $ 0.0474
$ 103.74M
$ 103.74 million
-6.09%
50 TRON peg TRX $ 0.283
$ 84.44M
$ 84.44 million
+0.13%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.112
$ 15.95M
$ 15.95 million
+4.47%
BybitSOL BBSOL $ 89.69
$ 104.47M
$ 104.47 million
+1.13%
Wrapped Solana SOL $ 79.00
$ 147.75M
$ 147.75 million
+1.05%
Jito Staked SOL JITOSOL $ 99.82
$ 1.12B
$ 1.12 billion
+1.04%
Marinade staked SOL MSOL $ 107.40
$ 271.79M
$ 271.79 million
+0.89%
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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