Wrapped coins 3 coins
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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 $ 2,178.63 $ 19.21B
$ 19.21 billion +3.69% 2 Wrapped BTC WBTC $ 72,411.61 $ 9.95B
$ 9.95 billion +1.53% 3 Binance-Peg BSC-USD BSC-USD $ 0.998 $ 8.96B
$ 8.96 billion -0.04% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,678.40 $ 8.55B
$ 8.55 billion +3.65% 5 Wrapped eETH weETH $ 2,376.19 $ 6.76B
$ 6.76 billion +3.78% 6 Wrapped Ether WETH $ 2,182.45 $ 5.80B
$ 5.80 billion +3.76% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.01% 8 Coinbase Wrapped BTC CBBTC $ 72,547.42 $ 3.19B
$ 3.19 billion +1.52% 9 Bitcoin BEP2 BTCB $ 72,430.11 $ 3.04B
$ 3.04 billion +1.53% 10 Jito Staked SOL JITOSOL $ 115.83 $ 1.30B
$ 1.30 billion +3.56% 11 Wrapped BNB WBNB $ 672.16 $ 947.21M
$ 947.21 million +1.98% 12 Rocket Pool ETH RETH $ 2,528.51 $ 907.44M
$ 907.44 million +4.09% 13 Binance Staked SOL BNSOL $ 100.76 $ 859.37M
$ 859.37 million +3.64% 14 Lombard Staked Bitcoin LBTC $ 72,665.53 $ 770.83M
$ 770.83 million +1.67% 15 Mantle Staked Ether METH $ 2,370.23 $ 504.63M
$ 504.63 million +3.77% 16 tBTC v2 TBTC $ 72,521.47 $ 428.81M
$ 428.81 million +1.59% 17 Binance-Peg XRP Token XRP $ 1.44 $ 353.67M
$ 353.67 million +1.98% 18 Coinbase Wrapped Staked ETH CBETH $ 2,454.93 $ 308.65M
$ 308.65 million +3.76% 19 Bitcoin Avalanche Bridged BTC.b $ 72,561.72 $ 279.10M
$ 279.10 million +1.84% 20 Marinade staked SOL MSOL $ 124.89 $ 260.24M
$ 260.24 million +2.00% 21 Wrapped AVAX WAVAX $ 9.99 $ 140.72M
$ 140.72 million +2.26% 22 Wrapped Solana SOL $ 91.50 $ 137.14M
$ 137.14 million +3.67% 23 BybitSOL BBSOL $ 104.13 $ 120.41M
$ 120.41 million +3.72% 24 Wrapped Centrifuge CFG $ 0.120 $ 69.02M
$ 69.02 million -2.33% 25 Wrapped TAO WTAO $ 274.66 $ 32.52M
$ 32.52 million +2.97% 26 Coinbase Wrapped XRP CBXRP $ 1.44 $ 30.61M
$ 30.61 million +1.82% 27 Wrapped NXM WNXM $ 55.53 $ 26.85M
$ 26.85 million +2.61% 28 Wrapped Matic WMATIC $ 0.0981 $ 13.95M
$ 13.95 million +0.87% 29 Axelar Wrapped USDC AXLUSDC $ 0.999 $ 2.55M
$ 2.55 million -0.11% 30 Wrapped NCG WNCG $ 0.00534 $ 1.71M
$ 1.71 million -1.93%
The coins below are ranked lower due to missing data.
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31 Solv BTC SOLVBTC $ 72,554.26 $ 469.29M
$ 469.29 million +42.27% 32 Jupiter Staked SOL JUPSOL $ 107.44 $ 391.16M
$ 391.16 million +3.64% 33 ckBTC ckBTC $ 72,255.27 $ 34.10M
$ 34.10 million +2.23% 34 ckUSDC CKUSDC $ 1.00 $ 1.58M
$ 1.58 million +0.83% 35 ckETH ckETH $ 2,166.75 $ 1.34M
$ 1.34 million +3.51% 36 renBTC RENBTC $ 4,257.10 $ 1.30M
$ 1.30 million +2.41% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,248.98 $ 46.93T
$ 46.93 trillion +2.20% 38 ckOCT CKOCT $ 0.00175 $ 30.93T
$ 30.93 trillion -66.07% 39 Wrapped BTC (BitGo) WBTC $ 72,115.22 $ 8.63B
$ 8.63 billion +1.27% 40 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.01% 41 Wrapped Binance Beacon ETH WBETH $ 2,383.46 $ 3.10B
$ 3.10 billion +3.72% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999 $ 1.29B
$ 1.29 billion +0.03% 43 USDC (Avalance) USDC $ 0.999 $ 720.81M
$ 720.81 million +0.12% 44 Wrapped BTC (Wormhole) WBTC $ 72,396.09 $ 289.29M
$ 289.29 million +1.53% 45 Binance Wrapped BTC BBTC $ 72,620.85 $ 210.60M
$ 210.60 million +1.62% 46 Gate Wrapped BTC GTBTC $ 72,771.20 $ 167.34M
$ 167.34 million +1.49% 47 TRON peg TRX $ 0.298 $ 89.12M
$ 89.12 million +0.28% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,317.85 $ 72.81M
$ 72.81 million +3.51% 49 Binance-Peg Bitcoin Cash Token BCH $ 470.56 $ 45.41M
$ 45.41 million +1.47% 50 Wrapped BTC WBTC.E $ 72,604.25 $ 31.80M
$ 31.80 million +2.21%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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