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 $ 1,939.58
$ 17.10B
$ 17.10 billion
-0.32%
2 Wrapped BTC WBTC $ 66,624.03
$ 9.16B
$ 9.16 billion
+0.62%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.12%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,380.23
$ 7.60B
$ 7.60 billion
-0.13%
5 Wrapped eETH weETH $ 2,112.32
$ 6.01B
$ 6.01 billion
-0.15%
6 Wrapped Ether WETH $ 1,941.91
$ 5.16B
$ 5.16 billion
-0.36%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.12%
8 Coinbase Wrapped BTC CBBTC $ 66,828.40
$ 2.94B
$ 2.94 billion
+0.62%
9 Bitcoin BEP2 BTCB $ 66,827.85
$ 2.61B
$ 2.61 billion
+0.68%
10 Jito Staked SOL JITOSOL $ 103.49
$ 1.16B
$ 1.16 billion
+0.82%
11 Binance Staked SOL BNSOL $ 90.22
$ 885.09M
$ 885.09 million
+0.93%
12 Wrapped BNB WBNB $ 605.55
$ 853.34M
$ 853.34 million
+0.08%
13 Rocket Pool ETH RETH $ 2,256.60
$ 809.86M
$ 809.86 million
+0.05%
14 Lombard Staked Bitcoin LBTC $ 67,051.00
$ 709.68M
$ 709.68 million
+0.93%
15 Solv BTC SOLVBTC $ 66,713.17
$ 459.16M
$ 459.16 million
+1.32%
16 Mantle Staked Ether METH $ 2,105.48
$ 448.29M
$ 448.29 million
-0.27%
17 tBTC v2 TBTC $ 66,773.02
$ 394.82M
$ 394.82 million
+0.60%
18 Binance-Peg XRP Token XRP $ 1.40
$ 343.33M
$ 343.33 million
-1.64%
19 Marinade staked SOL MSOL $ 111.55
$ 282.31M
$ 282.31 million
+0.87%
20 Coinbase Wrapped Staked ETH CBETH $ 2,174.17
$ 273.35M
$ 273.35 million
-0.54%
21 Wrapped Solana SOL $ 82.12
$ 153.43M
$ 153.43 million
+0.72%
22 Wrapped AVAX WAVAX $ 8.88
$ 146.87M
$ 146.87 million
+0.18%
23 BybitSOL BBSOL $ 93.20
$ 109.89M
$ 109.89 million
+0.91%
24 Wrapped Centrifuge CFG $ 0.0793
$ 45.55M
$ 45.55 million
-3.21%
25 Coinbase Wrapped XRP CBXRP $ 1.40
$ 29.84M
$ 29.84 million
-1.53%
26 Wrapped Matic WMATIC $ 0.105
$ 14.89M
$ 14.89 million
-3.63%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.01%
28 Wrapped NCG WNCG $ 0.00565
$ 1.81M
$ 1.81 million
-2.15%

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

29 Wrapped TRON WTRX $ 0.285
$ 3.65B
$ 3.65 billion
+1.93%
30 Jupiter Staked SOL JUPSOL $ 95.96
$ 401.88M
$ 401.88 million
+0.95%
31 Bitcoin Avalanche Bridged BTC.b $ 66,731.17
$ 256.51M
$ 256.51 million
+0.59%
32 ckBTC ckBTC $ 67,124.73
$ 31.68M
$ 31.68 million
+1.54%
33 Wrapped NXM WNXM $ 51.34
$ 24.82M
$ 24.82 million
+0.87%
34 Wrapped TAO WTAO $ 176.87
$ 20.94M
$ 20.94 million
-4.50%
35 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.37%
36 ckETH ckETH $ 1,942.71
$ 1.20M
$ 1.20 million
+0.02%
37 renBTC RENBTC $ 3,083.41
$ 938,892
$ 938,892
-0.25%
38 ckOCT CKOCT $ 0.00361
$ 63.94T
$ 63.94 trillion
-14.30%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,993.76
$ 44.65T
$ 44.65 trillion
+1.47%
40 Wrapped DOGE WDOGE $ 0.116
$ 15.01B
$ 15.01 billion
+2.32%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+0.02%
42 Wrapped Binance Beacon ETH WBETH $ 2,116.17
$ 2.75B
$ 2.75 billion
-0.37%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.01%
44 USDC (Avalance) USDC $ 1.000
$ 721.26M
$ 721.26 million
+0.15%
45 Wrapped BTC (Wormhole) WBTC $ 66,572.18
$ 266.11M
$ 266.11 million
+0.67%
46 Binance Wrapped BTC BBTC $ 66,658.29
$ 193.31M
$ 193.31 million
+0.63%
47 Gate Wrapped BTC GTBTC $ 67,008.21
$ 154.09M
$ 154.09 million
+0.18%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.52M
$ 122.52 million
-0.00%
49 TRON peg TRX $ 0.284
$ 84.81M
$ 84.81 million
+1.48%
50 Binance-Peg Bitcoin Cash Token BCH $ 559.49
$ 53.99M
$ 53.99 million
+0.41%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Solv BTC SOLVBTC $ 66,713.17
$ 459.16M
$ 459.16 million
+1.32%
Binance Staked SOL BNSOL $ 90.22
$ 885.09M
$ 885.09 million
+0.93%
Lombard Staked Bitcoin LBTC $ 67,051.00
$ 709.68M
$ 709.68 million
+0.93%
BybitSOL BBSOL $ 93.20
$ 109.89M
$ 109.89 million
+0.91%
Marinade staked SOL MSOL $ 111.55
$ 282.31M
$ 282.31 million
+0.87%
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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