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 $ 2,330.30 $ 20.55B
$ 20.55 billion +0.98% 2 Wrapped BTC WBTC $ 74,228.57 $ 10.20B
$ 10.20 billion +0.66% 3 Wrapped liquid staked Ether 2.0 wstETH $ 2,867.29 $ 9.15B
$ 9.15 billion +1.09% 4 Binance-Peg BSC-USD BSC-USD $ 0.999 $ 8.98B
$ 8.98 billion +0.01% 5 Wrapped eETH weETH $ 2,541.22 $ 7.23B
$ 7.23 billion +1.17% 6 Wrapped Ether WETH $ 2,333.06 $ 6.20B
$ 6.20 billion +0.89% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.00% 8 Coinbase Wrapped BTC CBBTC $ 74,425.47 $ 3.27B
$ 3.27 billion +0.78% 9 Bitcoin BEP2 BTCB $ 74,367.12 $ 3.13B
$ 3.13 billion +0.70% 10 Jito Staked SOL JITOSOL $ 119.54 $ 1.34B
$ 1.34 billion +0.53% 11 Rocket Pool ETH RETH $ 2,702.40 $ 969.85M
$ 969.85 million +1.04% 12 Wrapped BNB WBNB $ 671.20 $ 945.87M
$ 945.87 million -0.81% 13 Binance Staked SOL BNSOL $ 104.22 $ 889.51M
$ 889.51 million +0.40% 14 Lombard Staked Bitcoin LBTC $ 74,391.83 $ 788.96M
$ 788.96 million +0.53% 15 Mantle Staked Ether METH $ 2,539.82 $ 540.78M
$ 540.78 million +1.22% 16 Solv BTC SOLVBTC $ 74,017.38 $ 486.78M
$ 486.78 million +0.58% 17 tBTC v2 TBTC $ 74,343.85 $ 439.50M
$ 439.50 million +0.86% 18 Jupiter Staked SOL JUPSOL $ 117.58 $ 428.06M
$ 428.06 million +5.00% 19 Binance-Peg XRP Token XRP $ 1.53 $ 374.35M
$ 374.35 million +0.96% 20 Coinbase Wrapped Staked ETH CBETH $ 2,624.46 $ 315.45M
$ 315.45 million +1.06% 21 Bitcoin Avalanche Bridged BTC.b $ 74,242.70 $ 285.38M
$ 285.38 million +0.67% 22 Marinade staked SOL MSOL $ 128.92 $ 268.67M
$ 268.67 million +0.71% 23 Wrapped Solana SOL $ 94.54 $ 176.72M
$ 176.72 million +0.85% 24 Wrapped AVAX WAVAX $ 10.28 $ 144.91M
$ 144.91 million +0.15% 25 BybitSOL BBSOL $ 107.60 $ 124.40M
$ 124.40 million +0.62% 26 Wrapped Centrifuge CFG $ 0.157 $ 90.32M
$ 90.32 million -17.97% 27 Wrapped TAO WTAO $ 278.20 $ 32.94M
$ 32.94 million -2.48% 28 Coinbase Wrapped XRP CBXRP $ 1.52 $ 32.43M
$ 32.43 million +1.10% 29 Wrapped NXM WNXM $ 57.13 $ 27.63M
$ 27.63 million -1.87% 30 Wrapped Matic WMATIC $ 0.0997 $ 14.19M
$ 14.19 million -1.40% 31 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million +0.03% 32 Wrapped NCG WNCG $ 0.00555 $ 1.78M
$ 1.78 million +1.16%
The coins below are ranked lower due to missing data.
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33 ckBTC ckBTC $ 73,254.96 $ 34.58M
$ 34.58 million -1.71% 34 ckUSDC CKUSDC $ 1.000 $ 1.58M
$ 1.58 million +0.22% 35 ckETH ckETH $ 2,293.72 $ 1.42M
$ 1.42 million +0.45% 36 renBTC RENBTC $ 4,391.04 $ 1.34M
$ 1.34 million +0.90% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,418.56 $ 48.45T
$ 48.45 trillion +0.70% 38 ckOCT CKOCT $ 0.00268 $ 47.39T
$ 47.39 trillion +71.64% 39 Wrapped BTC (BitGo) WBTC $ 74,063.12 $ 8.86B
$ 8.86 billion +0.46% 40 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.19% 41 Wrapped Binance Beacon ETH WBETH $ 2,549.36 $ 3.32B
$ 3.32 billion +1.13% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999 $ 1.29B
$ 1.29 billion -0.03% 43 USDC (Avalance) USDC $ 1.000 $ 721.36M
$ 721.36 million +0.07% 44 Wrapped Rose wROSE $ 60.69 $ 572.42M
$ 572.42 million +384,434.77% 45 Wrapped BTC (Wormhole) WBTC $ 74,261.07 $ 296.85M
$ 296.85 million +1.00% 46 Gate Wrapped BTC GTBTC $ 74,609.96 $ 171.57M
$ 171.57 million +0.64% 47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15 $ 122.50M
$ 122.50 million -0.01% 48 TRON peg TRX $ 0.304 $ 90.83M
$ 90.83 million +2.05% 49 Kelp DAO Wrapped rsETH WRSETH $ 2,473.86 $ 77.71M
$ 77.71 million +2.29% 50 Binance-Peg Bitcoin Cash Token BCH $ 473.75 $ 45.72M
$ 45.72 million -0.22%
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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