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 $ 2,178.63
$ 19.21B
$ 19.21 billion
+3.69%
2 Wrapped BTC WBTC $ 72,411.61
$ 9.95B
$ 9.95 billion
+1.53%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.04%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,678.40
$ 8.55B
$ 8.55 billion
+3.65%
5 Wrapped eETH weETH $ 2,376.19
$ 6.76B
$ 6.76 billion
+3.78%
6 Wrapped Ether WETH $ 2,182.45
$ 5.80B
$ 5.80 billion
+3.76%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 72,547.42
$ 3.19B
$ 3.19 billion
+1.52%
9 Bitcoin BEP2 BTCB $ 72,430.11
$ 3.04B
$ 3.04 billion
+1.53%
10 Jito Staked SOL JITOSOL $ 115.83
$ 1.30B
$ 1.30 billion
+3.56%
11 Wrapped BNB WBNB $ 672.16
$ 947.21M
$ 947.21 million
+1.98%
12 Rocket Pool ETH RETH $ 2,528.51
$ 907.44M
$ 907.44 million
+4.09%
13 Binance Staked SOL BNSOL $ 100.76
$ 859.37M
$ 859.37 million
+3.64%
14 Lombard Staked Bitcoin LBTC $ 72,665.53
$ 770.83M
$ 770.83 million
+1.67%
15 Mantle Staked Ether METH $ 2,370.23
$ 504.63M
$ 504.63 million
+3.77%
16 tBTC v2 TBTC $ 72,521.47
$ 428.81M
$ 428.81 million
+1.59%
17 Binance-Peg XRP Token XRP $ 1.44
$ 353.67M
$ 353.67 million
+1.98%
18 Coinbase Wrapped Staked ETH CBETH $ 2,454.93
$ 308.65M
$ 308.65 million
+3.76%
19 Bitcoin Avalanche Bridged BTC.b $ 72,561.72
$ 279.10M
$ 279.10 million
+1.84%
20 Marinade staked SOL MSOL $ 124.89
$ 260.24M
$ 260.24 million
+2.00%
21 Wrapped AVAX WAVAX $ 9.99
$ 140.72M
$ 140.72 million
+2.26%
22 Wrapped Solana SOL $ 91.50
$ 137.14M
$ 137.14 million
+3.67%
23 BybitSOL BBSOL $ 104.13
$ 120.41M
$ 120.41 million
+3.72%
24 Wrapped Centrifuge CFG $ 0.120
$ 69.02M
$ 69.02 million
-2.33%
25 Wrapped TAO WTAO $ 274.66
$ 32.52M
$ 32.52 million
+2.97%
26 Coinbase Wrapped XRP CBXRP $ 1.44
$ 30.61M
$ 30.61 million
+1.82%
27 Wrapped NXM WNXM $ 55.53
$ 26.85M
$ 26.85 million
+2.61%
28 Wrapped Matic WMATIC $ 0.0981
$ 13.95M
$ 13.95 million
+0.87%
29 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.11%
30 Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
-1.93%

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

31 Solv BTC SOLVBTC $ 72,554.26
$ 469.29M
$ 469.29 million
+42.27%
32 Jupiter Staked SOL JUPSOL $ 107.44
$ 391.16M
$ 391.16 million
+3.64%
33 ckBTC ckBTC $ 72,255.27
$ 34.10M
$ 34.10 million
+2.23%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+0.83%
35 ckETH ckETH $ 2,166.75
$ 1.34M
$ 1.34 million
+3.51%
36 renBTC RENBTC $ 4,257.10
$ 1.30M
$ 1.30 million
+2.41%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,248.98
$ 46.93T
$ 46.93 trillion
+2.20%
38 ckOCT CKOCT $ 0.00175
$ 30.93T
$ 30.93 trillion
-66.07%
39 Wrapped BTC (BitGo) WBTC $ 72,115.22
$ 8.63B
$ 8.63 billion
+1.27%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.01%
41 Wrapped Binance Beacon ETH WBETH $ 2,383.46
$ 3.10B
$ 3.10 billion
+3.72%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.03%
43 USDC (Avalance) USDC $ 0.999
$ 720.81M
$ 720.81 million
+0.12%
44 Wrapped BTC (Wormhole) WBTC $ 72,396.09
$ 289.29M
$ 289.29 million
+1.53%
45 Binance Wrapped BTC BBTC $ 72,620.85
$ 210.60M
$ 210.60 million
+1.62%
46 Gate Wrapped BTC GTBTC $ 72,771.20
$ 167.34M
$ 167.34 million
+1.49%
47 TRON peg TRX $ 0.298
$ 89.12M
$ 89.12 million
+0.28%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,317.85
$ 72.81M
$ 72.81 million
+3.51%
49 Binance-Peg Bitcoin Cash Token BCH $ 470.56
$ 45.41M
$ 45.41 million
+1.47%
50 Wrapped BTC WBTC.E $ 72,604.25
$ 31.80M
$ 31.80 million
+2.21%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Rocket Pool ETH RETH $ 2,528.51
$ 907.44M
$ 907.44 million
+4.09%
Wrapped eETH weETH $ 2,376.19
$ 6.76B
$ 6.76 billion
+3.78%
Mantle Staked Ether METH $ 2,370.23
$ 504.63M
$ 504.63 million
+3.77%
Coinbase Wrapped Staked ETH CBETH $ 2,454.93
$ 308.65M
$ 308.65 million
+3.76%
Wrapped Ether WETH $ 2,182.45
$ 5.80B
$ 5.80 billion
+3.76%
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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