Wrapped coins

212 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 $ 2,361.21
$ 22.25B
$ 22.25 billion
+8.18%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,918.78
$ 10.84B
$ 10.84 billion
+8.02%
3 Wrapped BTC WBTC $ 74,216.57
$ 10.20B
$ 10.20 billion
+4.71%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.15%
5 Wrapped Ether WETH $ 2,368.27
$ 6.30B
$ 6.30 billion
+7.90%
6 Wrapped eETH weETH $ 2,585.80
$ 6.23B
$ 6.23 billion
+7.92%
7 Coinbase Wrapped BTC CBBTC $ 74,383.97
$ 3.55B
$ 3.55 billion
+4.57%
8 Bitcoin BEP2 BTCB $ 74,340.19
$ 3.13B
$ 3.13 billion
+4.71%
9 Wrapped BNB WBNB $ 613.91
$ 1.06B
$ 1.06 billion
+3.29%
10 Jito Staked SOL JITOSOL $ 109.79
$ 990.12M
$ 990.12 million
+5.21%
11 Rocket Pool ETH RETH $ 2,754.04
$ 930.72M
$ 930.72 million
+8.10%
12 Lombard Staked Bitcoin LBTC $ 74,515.88
$ 790.46M
$ 790.46 million
+4.56%
13 tBTC v2 TBTC $ 74,264.08
$ 446.40M
$ 446.40 million
+4.60%
14 Coinbase Wrapped Staked ETH CBETH $ 2,669.69
$ 317.66M
$ 317.66 million
+7.96%
15 Binance-Peg XRP Token XRP $ 1.37
$ 314.11M
$ 314.11 million
+3.01%
16 Bitcoin Avalanche Bridged BTC.b $ 74,435.36
$ 286.12M
$ 286.12 million
+4.73%
17 Marinade staked SOL MSOL $ 118.45
$ 240.57M
$ 240.57 million
+5.33%
18 Wrapped AVAX WAVAX $ 9.47
$ 150.67M
$ 150.67 million
+4.30%
19 Wrapped Solana SOL $ 86.27
$ 129.40M
$ 129.40 million
+5.09%
20 Wrapped Centrifuge CFG $ 0.202
$ 116.46M
$ 116.46 million
+6.87%
21 Coinbase Wrapped XRP CBXRP $ 1.37
$ 78.87M
$ 78.87 million
+3.08%
22 Wrapped TAO WTAO $ 255.48
$ 28.60M
$ 28.60 million
-2.44%
23 Wrapped Matic WMATIC $ 0.0842
$ 11.98M
$ 11.98 million
+1.72%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.49M
$ 2.49 million
-0.09%

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

25 Ethena Staked USDe sUSDe $ 3.03
$ 9.46B
$ 9.46 billion
+2.62%
26 Binance Staked SOL BNSOL $ 95.33
$ 813.59M
$ 813.59 million
+5.15%
27 Mantle Staked Ether METH $ 2,586.83
$ 689.56M
$ 689.56 million
+8.17%
28 Solv BTC SOLVBTC $ 74,265.39
$ 530.53M
$ 530.53 million
+4.71%
29 Jupiter Staked SOL JUPSOL $ 101.77
$ 435.34M
$ 435.34 million
+5.14%
30 BybitSOL BBSOL $ 98.58
$ 100.75M
$ 100.75 million
+5.12%
31 ckBTC ckBTC $ 73,659.08
$ 34.77M
$ 34.77 million
+3.44%
32 Wrapped NXM WNXM $ 59.60
$ 26.31M
$ 26.31 million
+5.78%
33 renBTC RENBTC $ 13,360.84
$ 4.07M
$ 4.07 million
+10.25%
34 Wrapped NCG WNCG $ 0.00543
$ 1.74M
$ 1.74 million
+1.42%
35 ckUSDC CKUSDC $ 0.995
$ 1.57M
$ 1.57 million
-0.15%
36 ckETH ckETH $ 2,340.56
$ 1.45M
$ 1.45 million
+6.39%
37 ckOCT CKOCT $ 0.00246
$ 43.57T
$ 43.57 trillion
-41.34%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,940.83
$ 32.76T
$ 32.76 trillion
-0.46%
39 Wrapped BTC (BitGo) WBTC $ 74,172.69
$ 8.88B
$ 8.88 billion
+4.59%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.07%
41 Wrapped Binance Beacon ETH WBETH $ 2,594.22
$ 3.36B
$ 3.36 billion
+7.97%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.997
$ 1.29B
$ 1.29 billion
+0.15%
43 USDC (Avalance) USDC $ 1.000
$ 721.09M
$ 721.09 million
+0.04%
44 Wrapped BTC (Wormhole) WBTC $ 74,256.24
$ 274.92M
$ 274.92 million
+4.55%
45 Binance Wrapped BTC BBTC $ 74,375.69
$ 215.69M
$ 215.69 million
+4.65%
46 Gate Wrapped BTC GTBTC $ 74,615.42
$ 171.59M
$ 171.59 million
+4.66%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.69M
$ 123.69 million
+1.06%
48 TRON peg TRX $ 0.321
$ 95.84M
$ 95.84 million
-0.22%
49 Wrapped Fantom WFTM $ 0.0428
$ 93.68M
$ 93.68 million
+0.78%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,532.10
$ 79.54M
$ 79.54 million
+7.90%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Lido Staked Ether stETH $ 2,361.21
$ 22.25B
$ 22.25 billion
+8.18%
Rocket Pool ETH RETH $ 2,754.04
$ 930.72M
$ 930.72 million
+8.10%
Wrapped liquid staked Ether 2.0 wstETH $ 2,918.78
$ 10.84B
$ 10.84 billion
+8.02%
Coinbase Wrapped Staked ETH CBETH $ 2,669.69
$ 317.66M
$ 317.66 million
+7.96%
Wrapped eETH weETH $ 2,585.80
$ 6.23B
$ 6.23 billion
+7.92%
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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