Wrapped coins

213 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 $ 2,316.88
$ 21.83B
$ 21.83 billion
-1.35%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,862.22
$ 10.75B
$ 10.75 billion
-1.25%
3 Wrapped BTC WBTC $ 74,487.13
$ 10.24B
$ 10.24 billion
-0.42%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.02%
5 Wrapped Ether WETH $ 2,321.55
$ 6.17B
$ 6.17 billion
-1.41%
6 Wrapped eETH weETH $ 2,537.19
$ 6.05B
$ 6.05 billion
-1.22%
7 Coinbase Wrapped BTC CBBTC $ 74,648.59
$ 3.56B
$ 3.56 billion
-0.41%
8 Bitcoin BEP2 BTCB $ 74,597.14
$ 3.14B
$ 3.14 billion
-0.49%
9 Wrapped BNB WBNB $ 627.28
$ 1.08B
$ 1.08 billion
+0.79%
10 Jito Staked SOL JITOSOL $ 111.56
$ 1.01B
$ 1.01 billion
+2.90%
11 Binance Staked SOL BNSOL $ 97.00
$ 904.04M
$ 904.04 million
+2.81%
12 Lombard Staked Bitcoin LBTC $ 74,877.31
$ 793.99M
$ 793.99 million
-0.36%
13 Mantle Staked Ether METH $ 2,529.89
$ 674.33M
$ 674.33 million
-1.31%
14 Solv BTC SOLVBTC $ 74,724.09
$ 472.78M
$ 472.78 million
-0.25%
15 tBTC v2 TBTC $ 74,707.96
$ 442.85M
$ 442.85 million
-0.26%
16 Binance-Peg XRP Token XRP $ 1.43
$ 326.56M
$ 326.56 million
+1.67%
17 Coinbase Wrapped Staked ETH CBETH $ 2,616.27
$ 311.30M
$ 311.30 million
-1.38%
18 Bitcoin Avalanche Bridged BTC.b $ 74,928.54
$ 288.02M
$ 288.02 million
-0.24%
19 Marinade staked SOL MSOL $ 120.56
$ 244.86M
$ 244.86 million
+3.03%
20 Wrapped AVAX WAVAX $ 9.56
$ 152.09M
$ 152.09 million
+0.35%
21 Wrapped Solana SOL $ 87.57
$ 131.37M
$ 131.37 million
+2.74%
22 Wrapped Centrifuge CFG $ 0.219
$ 126.12M
$ 126.12 million
+4.95%
23 Coinbase Wrapped XRP CBXRP $ 1.43
$ 83.91M
$ 83.91 million
+1.61%
24 Wrapped TAO WTAO $ 248.77
$ 27.79M
$ 27.79 million
+2.27%
25 Wrapped Matic WMATIC $ 0.0885
$ 12.59M
$ 12.59 million
+2.15%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.05%
27 Wrapped NCG WNCG $ 0.00540
$ 1.73M
$ 1.73 million
+1.25%

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

28 Ethena Staked USDe sUSDe $ 3.01
$ 9.38B
$ 9.38 billion
-0.45%
29 Rocket Pool ETH RETH $ 2,705.77
$ 914.60M
$ 914.60 million
-1.19%
30 Jupiter Staked SOL JUPSOL $ 103.76
$ 443.91M
$ 443.91 million
+3.15%
31 BybitSOL BBSOL $ 100.33
$ 100.76M
$ 100.76 million
+2.74%
32 Wrapped NXM WNXM $ 58.86
$ 25.96M
$ 25.96 million
+0.77%
33 ckBTC ckBTC $ 73,397.49
$ 21.31M
$ 21.31 million
-1.62%
34 renBTC RENBTC $ 13,627.81
$ 4.15M
$ 4.15 million
+0.91%
35 ckUSDC CKUSDC $ 0.991
$ 1.56M
$ 1.56 million
-0.37%
36 ckETH ckETH $ 2,307.56
$ 1.43M
$ 1.43 million
-1.73%
37 ckOCT CKOCT $ 0.00293
$ 51.81T
$ 51.81 trillion
+1.27%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,844.82
$ 32.12T
$ 32.12 trillion
-1.61%
39 Wrapped BTC (BitGo) WBTC $ 74,736.16
$ 8.94B
$ 8.94 billion
-0.01%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.14%
41 Wrapped Binance Beacon ETH WBETH $ 2,542.85
$ 3.29B
$ 3.29 billion
-1.33%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.51%
43 USDC (Avalance) USDC $ 0.999
$ 720.53M
$ 720.53 million
+0.01%
44 Wrapped BTC (Wormhole) WBTC $ 74,610.80
$ 276.23M
$ 276.23 million
-0.38%
45 Binance Wrapped BTC BBTC $ 74,778.66
$ 216.86M
$ 216.86 million
-0.19%
46 Gate Wrapped BTC GTBTC $ 74,811.64
$ 172.03M
$ 172.03 million
-0.51%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.70M
$ 123.70 million
+0.00%
48 Wrapped Fantom WFTM $ 0.0458
$ 100.20M
$ 100.20 million
+5.95%
49 TRON peg TRX $ 0.326
$ 97.41M
$ 97.41 million
+0.03%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,490.38
$ 78.23M
$ 78.23 million
-0.84%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.219
$ 126.12M
$ 126.12 million
+4.95%
Marinade staked SOL MSOL $ 120.56
$ 244.86M
$ 244.86 million
+3.03%
Jito Staked SOL JITOSOL $ 111.56
$ 1.01B
$ 1.01 billion
+2.90%
Binance Staked SOL BNSOL $ 97.00
$ 904.04M
$ 904.04 million
+2.81%
Wrapped Solana SOL $ 87.57
$ 131.37M
$ 131.37 million
+2.74%
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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