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 $ 2,130.31
$ 18.83B
$ 18.83 billion
-2.50%
2 Wrapped BTC WBTC $ 76,984.70
$ 10.57B
$ 10.57 billion
-1.33%
3 Binance-Peg BSC-USD BSC-USD $ 1.06
$ 9.56B
$ 9.56 billion
+12.82%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,625.25
$ 8.87B
$ 8.87 billion
-2.09%
5 Wrapped Ether WETH $ 2,126.02
$ 5.64B
$ 5.64 billion
-2.75%
6 Wrapped eETH weETH $ 2,361.35
$ 4.02B
$ 4.02 billion
-1.14%
7 Bitcoin BEP2 BTCB $ 80,765.44
$ 3.40B
$ 3.40 billion
+7.05%
8 Coinbase Wrapped BTC CBBTC $ 77,314.05
$ 3.09B
$ 3.09 billion
-1.17%
9 Wrapped BNB WBNB $ 666.94
$ 1.15B
$ 1.15 billion
+4.30%
10 Binance Staked SOL BNSOL $ 94.08
$ 935.12M
$ 935.12 million
-2.28%
11 Jito Staked SOL JITOSOL $ 109.25
$ 867.32M
$ 867.32 million
-1.28%
12 Rocket Pool ETH RETH $ 2,508.15
$ 836.71M
$ 836.71 million
-1.19%
13 Lombard Staked Bitcoin LBTC $ 77,768.61
$ 828.48M
$ 828.48 million
-0.37%
14 tBTC v2 TBTC $ 77,254.49
$ 391.23M
$ 391.23 million
-1.05%
15 Binance-Peg XRP Token XRP $ 1.46
$ 333.91M
$ 333.91 million
+6.79%
16 Bitcoin Avalanche Bridged BTC.b $ 77,559.50
$ 298.20M
$ 298.20 million
-0.93%
17 Coinbase Wrapped Staked ETH CBETH $ 2,399.42
$ 280.40M
$ 280.40 million
-2.73%
18 Marinade staked SOL MSOL $ 118.16
$ 274.03M
$ 274.03 million
-0.95%
19 Wrapped AVAX WAVAX $ 9.20
$ 148.41M
$ 148.41 million
-1.27%
20 Wrapped Centrifuge CFG $ 0.254
$ 146.49M
$ 146.49 million
-2.09%
21 Wrapped Solana SOL $ 84.68
$ 127.05M
$ 127.05 million
-2.21%
22 Wrapped Matic WMATIC $ 0.0901
$ 12.80M
$ 12.80 million
-1.23%
23 Axelar Wrapped USDC AXLUSDC $ 1.03
$ 2.49M
$ 2.49 million
+5.03%

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

24 Ethena Staked USDe sUSDe $ 3.69
$ 11.49B
$ 11.49 billion
-0.01%
25 Mantle Staked Ether METH $ 2,368.01
$ 539.57M
$ 539.57 million
-0.54%
26 Solv BTC SOLVBTC $ 80,884.55
$ 520.86M
$ 520.86 million
+6.13%
27 Jupiter Staked SOL JUPSOL $ 101.92
$ 437.25M
$ 437.25 million
-0.86%
28 BybitSOL BBSOL $ 97.42
$ 112.07M
$ 112.07 million
-2.47%
29 Coinbase Wrapped XRP CBXRP $ 1.39
$ 101.32M
$ 101.32 million
-1.78%
30 Wrapped TAO WTAO $ 259.81
$ 28.19M
$ 28.19 million
-5.17%
31 Wrapped NXM WNXM $ 55.39
$ 23.91M
$ 23.91 million
-0.62%
32 ckBTC ckBTC $ 77,534.59
$ 14.92M
$ 14.92 million
-1.31%
33 renBTC RENBTC $ 15,710.66
$ 4.78M
$ 4.78 million
-4.88%
34 ckUSDC CKUSDC $ 0.991
$ 2.03M
$ 2.03 million
-0.36%
35 Wrapped NCG WNCG $ 0.00583
$ 1.87M
$ 1.87 million
-0.79%
36 ckETH ckETH $ 2,162.91
$ 1.34M
$ 1.34 million
+1.76%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,783.55
$ 32.23T
$ 32.23 trillion
-7.96%
38 Wrapped DOGE WDOGE $ 0.108
$ 13.92B
$ 13.92 billion
-0.77%
39 Wrapped BTC (BitGo) WBTC $ 77,984.45
$ 9.23B
$ 9.23 billion
-0.04%
40 USDC (BASE) USDC $ 1.01
$ 4.38B
$ 4.38 billion
+0.68%
41 Wrapped Binance Beacon ETH WBETH $ 2,325.73
$ 2.88B
$ 2.88 billion
-2.77%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.07
$ 1.41B
$ 1.41 billion
+11.65%
43 USDC (Avalance) USDC $ 0.903
$ 651.63M
$ 651.63 million
-9.43%
44 Wrapped BTC (Wormhole) WBTC $ 77,592.35
$ 246.23M
$ 246.23 million
-0.49%
45 Binance Wrapped BTC BBTC $ 77,802.49
$ 225.63M
$ 225.63 million
-0.55%
46 Gate Wrapped BTC GTBTC $ 77,411.11
$ 178.01M
$ 178.01 million
-1.33%
47 Wrapped Fantom WFTM $ 0.0533
$ 116.65M
$ 116.65 million
+4.12%
48 TRON peg TRX $ 0.355
$ 106.08M
$ 106.08 million
+0.33%
49 Wrapped DAG WDAG $ 0.0175
$ 64.92M
$ 64.92 million
+0.77%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,056.75
$ 64.60M
$ 64.60 million
-11.32%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.06
$ 9.56B
$ 9.56 billion
+12.82%
Bitcoin BEP2 BTCB $ 80,765.44
$ 3.40B
$ 3.40 billion
+7.05%
Binance-Peg XRP Token XRP $ 1.46
$ 333.91M
$ 333.91 million
+6.79%
Axelar Wrapped USDC AXLUSDC $ 1.03
$ 2.49M
$ 2.49 million
+5.03%
Wrapped BNB WBNB $ 666.94
$ 1.15B
$ 1.15 billion
+4.30%
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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