Wrapped coins

3 coins #18

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 $ 2,056.09
$ 18.13B
$ 18.13 billion
+2.96%
2 Wrapped BTC WBTC $ 70,584.85
$ 9.70B
$ 9.70 billion
+4.53%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.04%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,532.14
$ 8.08B
$ 8.08 billion
+3.16%
5 Wrapped eETH weETH $ 2,244.09
$ 6.38B
$ 6.38 billion
+3.15%
6 Wrapped Ether WETH $ 2,057.64
$ 5.47B
$ 5.47 billion
+3.03%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.11%
8 Coinbase Wrapped BTC CBBTC $ 70,774.50
$ 3.11B
$ 3.11 billion
+4.58%
9 Bitcoin BEP2 BTCB $ 70,736.92
$ 2.97B
$ 2.97 billion
+4.52%
10 Jito Staked SOL JITOSOL $ 110.19
$ 1.24B
$ 1.24 billion
+3.87%
11 Binance Staked SOL BNSOL $ 95.64
$ 938.12M
$ 938.12 million
+3.75%
12 Wrapped BNB WBNB $ 646.86
$ 911.09M
$ 911.09 million
+3.12%
13 Rocket Pool ETH RETH $ 2,392.20
$ 858.52M
$ 858.52 million
+3.03%
14 Lombard Staked Bitcoin LBTC $ 71,052.21
$ 751.47M
$ 751.47 million
+4.49%
15 Solv BTC SOLVBTC $ 70,822.70
$ 450.71M
$ 450.71 million
+4.61%
16 tBTC v2 TBTC $ 70,739.96
$ 418.28M
$ 418.28 million
+4.57%
17 Binance-Peg XRP Token XRP $ 1.41
$ 345.74M
$ 345.74 million
+4.15%
18 Marinade staked SOL MSOL $ 118.47
$ 300.19M
$ 300.19 million
+3.77%
19 Coinbase Wrapped Staked ETH CBETH $ 2,313.10
$ 290.87M
$ 290.87 million
+3.00%
20 Bitcoin Avalanche Bridged BTC.b $ 70,915.98
$ 272.59M
$ 272.59 million
+4.28%
21 Wrapped Solana SOL $ 86.88
$ 162.46M
$ 162.46 million
+3.64%
22 Wrapped AVAX WAVAX $ 9.55
$ 157.97M
$ 157.97 million
+5.12%
23 BybitSOL BBSOL $ 99.10
$ 116.42M
$ 116.42 million
+3.91%
24 Wrapped Centrifuge CFG $ 0.139
$ 80.21M
$ 80.21 million
+1.41%
25 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.00M
$ 30.00 million
+4.28%
26 Wrapped Matic WMATIC $ 0.0980
$ 13.95M
$ 13.95 million
+1.87%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.07%

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

28 Mantle Staked Ether METH $ 2,238.48
$ 476.59M
$ 476.59 million
+2.89%
29 Jupiter Staked SOL JUPSOL $ 102.38
$ 428.77M
$ 428.77 million
+3.98%
30 ckBTC ckBTC $ 70,068.26
$ 33.07M
$ 33.07 million
+4.73%
31 Wrapped NXM WNXM $ 52.44
$ 25.36M
$ 25.36 million
+2.71%
32 Wrapped TAO WTAO $ 196.95
$ 23.32M
$ 23.32 million
+0.21%
33 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
+0.05%
34 Wrapped NCG WNCG $ 0.00530
$ 1.70M
$ 1.70 million
+0.81%
35 ckETH ckETH $ 2,045.19
$ 1.26M
$ 1.26 million
+3.48%
36 renBTC RENBTC $ 3,319.94
$ 1.01M
$ 1.01 million
+7.70%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,175.87
$ 46.28T
$ 46.28 trillion
+3.59%
38 Wrapped DOGE WDOGE $ 0.0986
$ 12.82B
$ 12.82 billion
-6.45%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.05%
40 Wrapped Binance Beacon ETH WBETH $ 2,243.71
$ 2.92B
$ 2.92 billion
+3.08%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.34%
42 USDC (Avalance) USDC $ 1.00
$ 721.35M
$ 721.35 million
-0.09%
43 Wrapped BTC (Wormhole) WBTC $ 70,693.78
$ 282.59M
$ 282.59 million
+4.54%
44 Binance Wrapped BTC BBTC $ 70,831.61
$ 205.41M
$ 205.41 million
+4.34%
45 Gate Wrapped BTC GTBTC $ 70,907.38
$ 163.06M
$ 163.06 million
+4.41%
46 TRON peg TRX $ 0.285
$ 85.26M
$ 85.26 million
-0.37%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,204.00
$ 69.23M
$ 69.23 million
+3.76%
48 Binance-Peg Bitcoin Cash Token BCH $ 448.10
$ 43.24M
$ 43.24 million
+0.15%
49 Wrapped BTC WBTC.E $ 70,814.42
$ 31.02M
$ 31.02 million
+4.47%
50 ETH by Sui Bridge ETH $ 2,060.10
$ 28.33M
$ 28.33 million
+2.65%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped AVAX WAVAX $ 9.55
$ 157.97M
$ 157.97 million
+5.12%
Solv BTC SOLVBTC $ 70,822.70
$ 450.71M
$ 450.71 million
+4.61%
Coinbase Wrapped BTC CBBTC $ 70,774.50
$ 3.11B
$ 3.11 billion
+4.58%
tBTC v2 TBTC $ 70,739.96
$ 418.28M
$ 418.28 million
+4.57%
Wrapped BTC WBTC $ 70,584.85
$ 9.70B
$ 9.70 billion
+4.53%
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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