Wrapped coins

221 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 $ 2,300.97
$ 20.17B
$ 20.17 billion
+0.24%
2 Wrapped BTC WBTC $ 80,813.53
$ 11.10B
$ 11.10 billion
+0.13%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,840.81
$ 9.51B
$ 9.51 billion
+0.13%
4 Binance-Peg BSC-USD BSC-USD $ 0.960
$ 7.20B
$ 7.20 billion
-20.65%
5 Wrapped Ether WETH $ 2,301.58
$ 6.12B
$ 6.12 billion
+0.51%
6 Wrapped eETH weETH $ 2,516.21
$ 4.41B
$ 4.41 billion
-0.03%
7 Coinbase Wrapped BTC CBBTC $ 81,025.50
$ 3.33B
$ 3.33 billion
+0.13%
8 Bitcoin BEP2 BTCB $ 72,082.66
$ 3.04B
$ 3.04 billion
-9.60%
9 Binance Staked SOL BNSOL $ 105.83
$ 985.63M
$ 985.63 million
-0.57%
10 Wrapped BNB WBNB $ 560.48
$ 967.07M
$ 967.07 million
-2.40%
11 Jito Staked SOL JITOSOL $ 121.44
$ 964.16M
$ 964.16 million
-0.95%
12 Rocket Pool ETH RETH $ 2,676.13
$ 892.88M
$ 892.88 million
+0.12%
13 Lombard Staked Bitcoin LBTC $ 81,289.84
$ 861.47M
$ 861.47 million
+0.05%
14 tBTC v2 TBTC $ 80,882.90
$ 419.55M
$ 419.55 million
-0.04%
15 Bitcoin Avalanche Bridged BTC.b $ 80,971.49
$ 311.25M
$ 311.25 million
+0.03%
16 Coinbase Wrapped Staked ETH CBETH $ 2,601.45
$ 304.03M
$ 304.03 million
+0.50%
17 Marinade staked SOL MSOL $ 131.02
$ 303.69M
$ 303.69 million
-0.81%
18 Binance-Peg XRP Token XRP $ 1.19
$ 272.70M
$ 272.70 million
-14.36%
19 Wrapped Centrifuge CFG $ 0.300
$ 173.14M
$ 173.14 million
+5.95%
20 Wrapped AVAX WAVAX $ 9.98
$ 160.99M
$ 160.99 million
-0.16%
21 Wrapped Solana SOL $ 95.13
$ 142.70M
$ 142.70 million
-0.69%
22 Wrapped Matic WMATIC $ 0.100
$ 14.25M
$ 14.25 million
-1.68%
23 Axelar Wrapped USDC AXLUSDC $ 0.861
$ 2.14M
$ 2.14 million
-14.04%
24 Wrapped NCG WNCG $ 0.00569
$ 1.82M
$ 1.82 million
+1.02%

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

25 Ethena Staked USDe sUSDe $ 3.78
$ 11.78B
$ 11.78 billion
-1.33%
26 Mantle Staked Ether METH $ 2,508.67
$ 570.75M
$ 570.75 million
+0.22%
27 Jupiter Staked SOL JUPSOL $ 112.78
$ 483.68M
$ 483.68 million
-1.00%
28 Solv BTC SOLVBTC $ 66,069.28
$ 425.60M
$ 425.60 million
-16.40%
29 BybitSOL BBSOL $ 109.48
$ 123.38M
$ 123.38 million
-0.65%
30 Coinbase Wrapped XRP CBXRP $ 1.46
$ 103.19M
$ 103.19 million
-0.21%
31 Wrapped TAO WTAO $ 305.72
$ 33.17M
$ 33.17 million
-3.90%
32 Wrapped NXM WNXM $ 58.15
$ 25.15M
$ 25.15 million
-0.06%
33 ckBTC ckBTC $ 81,692.13
$ 23.72M
$ 23.72 million
+1.66%
34 renBTC RENBTC $ 18,532.34
$ 5.64M
$ 5.64 million
-5.21%
35 ckUSDC CKUSDC $ 1.00
$ 1.59M
$ 1.59 million
+0.68%
36 ckETH ckETH $ 2,309.10
$ 1.43M
$ 1.43 million
+0.18%
37 ckOCT CKOCT $ 0.00444
$ 78.71T
$ 78.71 trillion
-2.09%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,902.30
$ 33.03T
$ 33.03 trillion
-2.22%
39 Wrapped DOGE WDOGE $ 0.111
$ 14.31B
$ 14.31 billion
+0.44%
40 Wrapped BTC (BitGo) WBTC $ 80,873.42
$ 9.57B
$ 9.57 billion
+0.09%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.07%
42 Wrapped Binance Beacon ETH WBETH $ 2,523.23
$ 3.13B
$ 3.13 billion
+0.51%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.879
$ 1.11B
$ 1.11 billion
-9.21%
44 USDC (Avalance) USDC $ 1.000
$ 721.31M
$ 721.31 million
+0.13%
45 Wrapped BTC (Wormhole) WBTC $ 80,731.14
$ 256.17M
$ 256.17 million
-0.17%
46 Binance Wrapped BTC BBTC $ 80,969.84
$ 234.81M
$ 234.81 million
+0.04%
47 Gate Wrapped BTC GTBTC $ 81,224.76
$ 186.78M
$ 186.78 million
+0.09%
48 TRON peg TRX $ 0.349
$ 104.15M
$ 104.15 million
+0.48%
49 Wrapped Fantom WFTM $ 0.0425
$ 93.02M
$ 93.02 million
-10.93%
50 Wrapped DAG WDAG $ 0.0200
$ 74.15M
$ 74.15 million
-11.61%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.300
$ 173.14M
$ 173.14 million
+5.95%
Wrapped NCG WNCG $ 0.00569
$ 1.82M
$ 1.82 million
+1.02%
Wrapped Ether WETH $ 2,301.58
$ 6.12B
$ 6.12 billion
+0.51%
Coinbase Wrapped Staked ETH CBETH $ 2,601.45
$ 304.03M
$ 304.03 million
+0.50%
Lido Staked Ether stETH $ 2,300.97
$ 20.17B
$ 20.17 billion
+0.24%
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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