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 $ 2,048.48
$ 18.02B
$ 18.02 billion
-0.11%
2 Wrapped BTC WBTC $ 70,083.03
$ 9.62B
$ 9.62 billion
-0.43%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.17%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,513.72
$ 8.01B
$ 8.01 billion
-0.33%
5 Wrapped eETH weETH $ 2,229.24
$ 6.32B
$ 6.32 billion
-0.33%
6 Wrapped Ether WETH $ 2,051.98
$ 5.44B
$ 5.44 billion
+0.26%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.01%
8 Coinbase Wrapped BTC CBBTC $ 70,297.92
$ 3.08B
$ 3.08 billion
-0.90%
9 Bitcoin BEP2 BTCB $ 70,321.11
$ 2.95B
$ 2.95 billion
-0.26%
10 Jito Staked SOL JITOSOL $ 109.13
$ 1.23B
$ 1.23 billion
-0.90%
11 Binance Staked SOL BNSOL $ 95.03
$ 931.10M
$ 931.10 million
-0.66%
12 Wrapped BNB WBNB $ 647.53
$ 910.82M
$ 910.82 million
+0.31%
13 Rocket Pool ETH RETH $ 2,370.50
$ 842.06M
$ 842.06 million
-1.42%
14 Lombard Staked Bitcoin LBTC $ 69,920.09
$ 739.30M
$ 739.30 million
-0.96%
15 Solv BTC SOLVBTC $ 70,046.13
$ 446.42M
$ 446.42 million
-0.63%
16 Jupiter Staked SOL JUPSOL $ 99.89
$ 418.33M
$ 418.33 million
-2.33%
17 tBTC v2 TBTC $ 69,996.40
$ 413.44M
$ 413.44 million
-0.88%
18 Coinbase Wrapped Staked ETH CBETH $ 2,306.97
$ 289.76M
$ 289.76 million
+0.10%
19 Bitcoin Avalanche Bridged BTC.b $ 69,531.65
$ 267.25M
$ 267.25 million
-1.56%
20 Marinade staked SOL MSOL $ 116.55
$ 242.87M
$ 242.87 million
-1.85%
21 Wrapped Solana SOL $ 86.31
$ 160.97M
$ 160.97 million
-1.20%
22 Wrapped AVAX WAVAX $ 9.63
$ 159.26M
$ 159.26 million
+1.83%
23 BybitSOL BBSOL $ 98.29
$ 115.36M
$ 115.36 million
-0.57%
24 Wrapped Centrifuge CFG $ 0.132
$ 76.27M
$ 76.27 million
-4.96%
25 Wrapped Matic WMATIC $ 0.0978
$ 13.91M
$ 13.91 million
+1.28%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
+0.06%
27 Wrapped NCG WNCG $ 0.00531
$ 1.70M
$ 1.70 million
-0.60%

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

28 Mantle Staked Ether METH $ 2,225.63
$ 473.81M
$ 473.81 million
-0.07%
29 Binance-Peg XRP Token XRP $ 1.39
$ 340.66M
$ 340.66 million
-0.59%
30 ckBTC ckBTC $ 69,189.46
$ 32.66M
$ 32.66 million
-0.94%
31 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.56M
$ 29.56 million
-0.49%
32 Wrapped NXM WNXM $ 51.85
$ 25.07M
$ 25.07 million
-0.91%
33 Wrapped TAO WTAO $ 197.57
$ 23.39M
$ 23.39 million
-2.50%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.44%
35 ckETH ckETH $ 2,024.79
$ 1.25M
$ 1.25 million
-1.24%
36 renBTC RENBTC $ 3,588.92
$ 1.09M
$ 1.09 million
+8.52%
37 ckOCT CKOCT $ 0.00417
$ 73.80T
$ 73.80 trillion
+27.42%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,136.74
$ 45.93T
$ 45.93 trillion
-0.76%
39 Wrapped DOGE WDOGE $ 0.111
$ 14.30B
$ 14.30 billion
+3.56%
40 Wrapped BTC (BitGo) WBTC $ 69,352.33
$ 8.30B
$ 8.30 billion
--%
41 USDC (BASE) USDC $ 0.997
$ 4.33B
$ 4.33 billion
-0.26%
42 Wrapped Binance Beacon ETH WBETH $ 2,236.75
$ 2.90B
$ 2.90 billion
+0.02%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.04%
44 USDC (Avalance) USDC $ 0.998
$ 720.31M
$ 720.31 million
-0.41%
45 Wrapped BTC (Wormhole) WBTC $ 69,949.79
$ 279.56M
$ 279.56 million
-0.95%
46 Binance Wrapped BTC BBTC $ 69,338.82
$ 201.08M
$ 201.08 million
-1.67%
47 Gate Wrapped BTC GTBTC $ 70,375.74
$ 161.84M
$ 161.84 million
-0.37%
48 TRON peg TRX $ 0.288
$ 86.11M
$ 86.11 million
+1.37%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,148.26
$ 67.48M
$ 67.48 million
-1.42%
50 Cardano AP3X Token cAP3X $ 0.0195
$ 58.56M
$ 58.56 million
-6.56%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped AVAX WAVAX $ 9.63
$ 159.26M
$ 159.26 million
+1.83%
Wrapped Matic WMATIC $ 0.0978
$ 13.91M
$ 13.91 million
+1.28%
Wrapped BNB WBNB $ 647.53
$ 910.82M
$ 910.82 million
+0.31%
Wrapped Ether WETH $ 2,051.98
$ 5.44B
$ 5.44 billion
+0.26%
Coinbase Wrapped Staked ETH CBETH $ 2,306.97
$ 289.76M
$ 289.76 million
+0.10%
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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