Wrapped coins

220 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 $ 2,337.20
$ 20.49B
$ 20.49 billion
+0.44%
2 Wrapped BTC WBTC $ 80,754.31
$ 11.09B
$ 11.09 billion
+0.33%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,884.79
$ 9.64B
$ 9.64 billion
+0.44%
4 Binance-Peg BSC-USD BSC-USD $ 0.904
$ 8.12B
$ 8.12 billion
-17.54%
5 Wrapped Ether WETH $ 2,339.51
$ 6.22B
$ 6.22 billion
+0.55%
6 Wrapped eETH weETH $ 2,559.15
$ 4.70B
$ 4.70 billion
+0.46%
7 Coinbase Wrapped BTC CBBTC $ 80,938.93
$ 3.35B
$ 3.35 billion
+0.32%
8 Bitcoin BEP2 BTCB $ 73,329.25
$ 3.08B
$ 3.08 billion
-12.97%
9 Binance Staked SOL BNSOL $ 106.62
$ 993.62M
$ 993.62 million
+2.82%
10 Wrapped BNB WBNB $ 571.20
$ 985.75M
$ 985.75 million
+7.64%
11 Jito Staked SOL JITOSOL $ 122.43
$ 972.04M
$ 972.04 million
+2.58%
12 Rocket Pool ETH RETH $ 2,719.91
$ 904.44M
$ 904.44 million
+0.45%
13 Lombard Staked Bitcoin LBTC $ 81,176.05
$ 860.42M
$ 860.42 million
+0.27%
14 Mantle Staked Ether METH $ 2,559.36
$ 547.31M
$ 547.31 million
+0.64%
15 tBTC v2 TBTC $ 80,883.12
$ 417.67M
$ 417.67 million
+0.24%
16 Bitcoin Avalanche Bridged BTC.b $ 80,944.75
$ 311.14M
$ 311.14 million
+0.28%
17 Coinbase Wrapped Staked ETH CBETH $ 2,642.31
$ 308.40M
$ 308.40 million
+0.63%
18 Binance-Peg XRP Token XRP $ 1.34
$ 305.99M
$ 305.99 million
+6.97%
19 Marinade staked SOL MSOL $ 131.78
$ 305.57M
$ 305.57 million
+2.89%
20 Wrapped Centrifuge CFG $ 0.309
$ 178.57M
$ 178.57 million
+7.01%
21 Wrapped AVAX WAVAX $ 10.12
$ 163.29M
$ 163.29 million
+2.02%
22 Wrapped Solana SOL $ 95.90
$ 143.84M
$ 143.84 million
+2.45%
23 Coinbase Wrapped XRP CBXRP $ 1.45
$ 93.38M
$ 93.38 million
+2.48%
24 Wrapped TAO WTAO $ 320.08
$ 34.73M
$ 34.73 million
+2.83%
25 Wrapped NXM WNXM $ 59.70
$ 25.74M
$ 25.74 million
+0.33%
26 Wrapped Matic WMATIC $ 0.104
$ 14.84M
$ 14.84 million
+2.16%
27 Axelar Wrapped USDC AXLUSDC $ 0.963
$ 2.39M
$ 2.39 million
-3.55%
28 Wrapped NCG WNCG $ 0.00570
$ 1.83M
$ 1.83 million
+1.64%

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

29 Ethena Staked USDe sUSDe $ 3.93
$ 12.26B
$ 12.26 billion
-0.10%
30 Solv BTC SOLVBTC $ 77,937.56
$ 503.03M
$ 503.03 million
-1.32%
31 Jupiter Staked SOL JUPSOL $ 113.68
$ 486.24M
$ 486.24 million
+2.78%
32 BybitSOL BBSOL $ 110.17
$ 123.18M
$ 123.18 million
+2.86%
33 ckBTC ckBTC $ 81,718.81
$ 23.72M
$ 23.72 million
+1.21%
34 renBTC RENBTC $ 17,020.62
$ 5.18M
$ 5.18 million
-12.70%
35 ckUSDC CKUSDC $ 1.05
$ 1.65M
$ 1.65 million
+4.64%
36 ckETH ckETH $ 2,352.80
$ 1.45M
$ 1.45 million
+1.12%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,276.89
$ 35.56T
$ 35.56 trillion
+11.11%
38 Wrapped Banano WBAN $ 1,851.99
$ 68.66B
$ 68.66 billion
+353.55M%
39 Wrapped BTC (BitGo) WBTC $ 80,713.81
$ 9.56B
$ 9.56 billion
+0.27%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.10%
41 Wrapped Binance Beacon ETH WBETH $ 2,563.62
$ 3.32B
$ 3.32 billion
+0.56%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.917
$ 1.18B
$ 1.18 billion
-14.01%
43 USDC (Avalance) USDC $ 0.999
$ 720.36M
$ 720.36 million
-0.13%
44 Wrapped BTC (Wormhole) WBTC $ 80,768.25
$ 256.31M
$ 256.31 million
+0.22%
45 Binance Wrapped BTC BBTC $ 80,852.21
$ 234.47M
$ 234.47 million
+0.15%
46 Gate Wrapped BTC GTBTC $ 81,070.91
$ 186.43M
$ 186.43 million
+0.11%
47 Wrapped Fantom WFTM $ 0.0492
$ 107.56M
$ 107.56 million
+10.22%
48 TRON peg TRX $ 0.349
$ 104.11M
$ 104.11 million
-0.04%
49 Wrapped DAG WDAG $ 0.0210
$ 77.91M
$ 77.91 million
+24.85%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,350.58
$ 73.83M
$ 73.83 million
-1.54%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 571.20
$ 985.75M
$ 985.75 million
+7.64%
Wrapped Centrifuge CFG $ 0.309
$ 178.57M
$ 178.57 million
+7.01%
Binance-Peg XRP Token XRP $ 1.34
$ 305.99M
$ 305.99 million
+6.97%
Marinade staked SOL MSOL $ 131.78
$ 305.57M
$ 305.57 million
+2.89%
Wrapped TAO WTAO $ 320.08
$ 34.73M
$ 34.73 million
+2.83%
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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