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 $ 2,281.08
$ 20.02B
$ 20.02 billion
-2.43%
2 Wrapped BTC WBTC $ 80,420.56
$ 11.04B
$ 11.04 billion
-1.61%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,815.72
$ 9.42B
$ 9.42 billion
-2.53%
4 Binance-Peg BSC-USD BSC-USD $ 0.822
$ 7.38B
$ 7.38 billion
-10.31%
5 Wrapped Ether WETH $ 2,281.54
$ 6.07B
$ 6.07 billion
-2.42%
6 Wrapped eETH weETH $ 2,495.93
$ 4.38B
$ 4.38 billion
-2.55%
7 Coinbase Wrapped BTC CBBTC $ 80,636.19
$ 3.31B
$ 3.31 billion
-1.67%
8 Bitcoin BEP2 BTCB $ 67,289.37
$ 2.84B
$ 2.84 billion
-9.62%
9 Wrapped BNB WBNB $ 567.18
$ 978.80M
$ 978.80 million
+2.57%
10 Binance Staked SOL BNSOL $ 104.74
$ 975.50M
$ 975.50 million
-3.41%
11 Jito Staked SOL JITOSOL $ 120.80
$ 959.08M
$ 959.08 million
-2.79%
12 Rocket Pool ETH RETH $ 2,654.54
$ 885.54M
$ 885.54 million
-2.47%
13 Lombard Staked Bitcoin LBTC $ 80,926.34
$ 857.75M
$ 857.75 million
-1.35%
14 Mantle Staked Ether METH $ 2,492.42
$ 567.04M
$ 567.04 million
-2.38%
15 tBTC v2 TBTC $ 80,474.83
$ 416.30M
$ 416.30 million
-1.75%
16 Bitcoin Avalanche Bridged BTC.b $ 80,440.83
$ 309.21M
$ 309.21 million
-1.94%
17 Marinade staked SOL MSOL $ 130.25
$ 302.02M
$ 302.02 million
-2.88%
18 Coinbase Wrapped Staked ETH CBETH $ 2,578.20
$ 301.31M
$ 301.31 million
-2.48%
19 Binance-Peg XRP Token XRP $ 1.21
$ 276.53M
$ 276.53 million
-6.96%
20 Wrapped Centrifuge CFG $ 0.282
$ 162.50M
$ 162.50 million
-7.19%
21 Wrapped AVAX WAVAX $ 9.81
$ 158.19M
$ 158.19 million
-3.75%
22 Wrapped Solana SOL $ 94.58
$ 141.87M
$ 141.87 million
-3.01%
23 Wrapped Matic WMATIC $ 0.0989
$ 14.08M
$ 14.08 million
-3.71%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.48M
$ 2.48 million
+2.07%
25 Wrapped NCG WNCG $ 0.00566
$ 1.81M
$ 1.81 million
+0.29%

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

26 Ethena Staked USDe sUSDe $ 3.82
$ 11.90B
$ 11.90 billion
+0.41%
27 Jupiter Staked SOL JUPSOL $ 112.12
$ 479.58M
$ 479.58 million
-2.94%
28 Solv BTC SOLVBTC $ 67,221.18
$ 433.02M
$ 433.02 million
-9.59%
29 BybitSOL BBSOL $ 108.78
$ 121.59M
$ 121.59 million
-2.79%
30 Coinbase Wrapped XRP CBXRP $ 1.43
$ 101.37M
$ 101.37 million
-2.97%
31 Wrapped TAO WTAO $ 308.99
$ 33.52M
$ 33.52 million
-4.83%
32 Wrapped NXM WNXM $ 58.18
$ 25.17M
$ 25.17 million
+1.20%
33 ckBTC ckBTC $ 79,724.55
$ 23.14M
$ 23.14 million
-3.35%
34 renBTC RENBTC $ 18,957.70
$ 5.77M
$ 5.77 million
-4.21%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+0.05%
36 ckETH ckETH $ 2,263.48
$ 1.40M
$ 1.40 million
-3.37%
37 ckOCT CKOCT $ 0.00440
$ 77.91T
$ 77.91 trillion
+10.08%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,914.31
$ 33.11T
$ 33.11 trillion
-29.94%
39 Wrapped Banano WBAN $ 1,780.05
$ 65.99B
$ 65.99 billion
+6.47%
40 Wrapped BTC (BitGo) WBTC $ 80,393.75
$ 9.52B
$ 9.52 billion
-1.51%
41 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
+0.51%
42 Wrapped Binance Beacon ETH WBETH $ 2,500.79
$ 3.10B
$ 3.10 billion
-2.39%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.843
$ 1.09B
$ 1.09 billion
-6.02%
44 USDC (Avalance) USDC $ 0.998
$ 719.90M
$ 719.90 million
+0.25%
45 Wrapped BTC (Wormhole) WBTC $ 80,479.53
$ 255.25M
$ 255.25 million
-1.49%
46 Binance Wrapped BTC BBTC $ 80,552.09
$ 233.60M
$ 233.60 million
-1.54%
47 Gate Wrapped BTC GTBTC $ 80,868.83
$ 185.97M
$ 185.97 million
-1.61%
48 TRON peg TRX $ 0.347
$ 103.72M
$ 103.72 million
-0.90%
49 Wrapped Fantom WFTM $ 0.0462
$ 101.04M
$ 101.04 million
-1.64%
50 Wrapped DAG WDAG $ 0.0226
$ 83.89M
$ 83.89 million
+12.17%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 567.18
$ 978.80M
$ 978.80 million
+2.57%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.48M
$ 2.48 million
+2.07%
Wrapped NCG WNCG $ 0.00566
$ 1.81M
$ 1.81 million
+0.29%
Lombard Staked Bitcoin LBTC $ 80,926.34
$ 857.75M
$ 857.75 million
-1.35%
Wrapped BTC WBTC $ 80,420.56
$ 11.04B
$ 11.04 billion
-1.61%
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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