Wrapped coins

219 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 $ 2,288.13
$ 20.65B
$ 20.65 billion
-2.14%
2 Wrapped BTC WBTC $ 79,698.63
$ 10.95B
$ 10.95 billion
-1.40%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,821.54
$ 9.54B
$ 9.54 billion
-2.35%
4 Binance-Peg BSC-USD BSC-USD $ 0.985
$ 8.85B
$ 8.85 billion
-9.48%
5 Wrapped Ether WETH $ 2,287.14
$ 6.08B
$ 6.08 billion
-2.18%
6 Wrapped eETH weETH $ 2,499.43
$ 4.89B
$ 4.89 billion
-2.43%
7 Bitcoin BEP2 BTCB $ 78,784.98
$ 3.32B
$ 3.32 billion
-7.57%
8 Coinbase Wrapped BTC CBBTC $ 79,932.55
$ 2.94B
$ 2.94 billion
-1.41%
9 Wrapped BNB WBNB $ 616.43
$ 1.06B
$ 1.06 billion
+2.27%
10 Binance Staked SOL BNSOL $ 97.92
$ 912.03M
$ 912.03 million
-0.20%
11 Jito Staked SOL JITOSOL $ 112.69
$ 894.69M
$ 894.69 million
-0.43%
12 Rocket Pool ETH RETH $ 2,665.55
$ 890.88M
$ 890.88 million
-2.34%
13 Lombard Staked Bitcoin LBTC $ 80,181.79
$ 849.98M
$ 849.98 million
-1.59%
14 Mantle Staked Ether METH $ 2,494.43
$ 535.00M
$ 535.00 million
-2.05%
15 Jupiter Staked SOL JUPSOL $ 104.71
$ 447.90M
$ 447.90 million
-0.17%
16 tBTC v2 TBTC $ 79,912.11
$ 424.35M
$ 424.35 million
-1.41%
17 Binance-Peg XRP Token XRP $ 1.36
$ 309.83M
$ 309.83 million
-10.25%
18 Bitcoin Avalanche Bridged BTC.b $ 79,865.21
$ 306.99M
$ 306.99 million
-1.86%
19 Coinbase Wrapped Staked ETH CBETH $ 2,579.67
$ 301.07M
$ 301.07 million
-2.11%
20 Marinade staked SOL MSOL $ 121.62
$ 281.99M
$ 281.99 million
-0.11%
21 Wrapped Centrifuge CFG $ 0.291
$ 167.70M
$ 167.70 million
+3.86%
22 Wrapped AVAX WAVAX $ 9.47
$ 157.56M
$ 157.56 million
-1.32%
23 Wrapped Solana SOL $ 88.30
$ 132.45M
$ 132.45 million
-0.12%
24 Wrapped TAO WTAO $ 301.27
$ 32.69M
$ 32.69 million
-3.04%
25 Wrapped NXM WNXM $ 59.32
$ 25.98M
$ 25.98 million
-2.00%
26 Wrapped Matic WMATIC $ 0.0986
$ 14.03M
$ 14.03 million
-0.41%
27 Axelar Wrapped USDC AXLUSDC $ 0.995
$ 2.47M
$ 2.47 million
-5.24%

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

28 Ethena Staked USDe sUSDe $ 3.92
$ 12.22B
$ 12.22 billion
+0.08%
29 Solv BTC SOLVBTC $ 78,779.67
$ 497.80M
$ 497.80 million
-7.24%
30 BybitSOL BBSOL $ 101.54
$ 110.99M
$ 110.99 million
-0.13%
31 Coinbase Wrapped XRP CBXRP $ 1.39
$ 89.03M
$ 89.03 million
-2.62%
32 ckBTC ckBTC $ 80,457.10
$ 23.36M
$ 23.36 million
+2.78%
33 renBTC RENBTC $ 15,027.82
$ 4.58M
$ 4.58 million
-7.56%
34 Wrapped NCG WNCG $ 0.00549
$ 1.76M
$ 1.76 million
-0.57%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+4.33%
36 ckETH ckETH $ 2,309.55
$ 1.43M
$ 1.43 million
+1.50%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,501.53
$ 30.33T
$ 30.33 trillion
-0.34%
38 Wrapped Banano WBAN $ 1,938.73
$ 71.87B
$ 71.87 billion
+4.83%
39 Wrapped DOGE WDOGE $ 0.108
$ 13.97B
$ 13.97 billion
-5.18%
40 Wrapped BTC (BitGo) WBTC $ 79,872.89
$ 9.46B
$ 9.46 billion
-1.45%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.14%
42 Wrapped Binance Beacon ETH WBETH $ 2,503.61
$ 3.24B
$ 3.24 billion
-2.28%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.08
$ 1.39B
$ 1.39 billion
-2.50%
44 USDC (Avalance) USDC $ 1.000
$ 721.32M
$ 721.32 million
+0.06%
45 Wrapped BTC (Wormhole) WBTC $ 79,761.73
$ 253.12M
$ 253.12 million
-1.31%
46 Binance Wrapped BTC BBTC $ 80,025.82
$ 232.07M
$ 232.07 million
-1.60%
47 Gate Wrapped BTC GTBTC $ 80,256.43
$ 184.56M
$ 184.56 million
-1.36%
48 TRON peg TRX $ 0.348
$ 103.82M
$ 103.82 million
+0.47%
49 Wrapped Fantom WFTM $ 0.0473
$ 103.50M
$ 103.50 million
+1.35%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,217.70
$ 69.66M
$ 69.66 million
-2.12%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.291
$ 167.70M
$ 167.70 million
+3.86%
Wrapped BNB WBNB $ 616.43
$ 1.06B
$ 1.06 billion
+2.27%
Marinade staked SOL MSOL $ 121.62
$ 281.99M
$ 281.99 million
-0.11%
Wrapped Solana SOL $ 88.30
$ 132.45M
$ 132.45 million
-0.12%
Jupiter Staked SOL JUPSOL $ 104.71
$ 447.90M
$ 447.90 million
-0.17%
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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