Wrapped coins 3 coins
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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 $ 1,953.70 $ 17.24B
$ 17.24 billion +7.19% 2 Wrapped BTC WBTC $ 65,936.62 $ 9.06B
$ 9.06 billion +4.85% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 8.99B
$ 8.99 billion -0.05% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,395.65 $ 7.65B
$ 7.65 billion +7.07% 5 Wrapped eETH weETH $ 2,128.71 $ 6.06B
$ 6.06 billion +7.32% 6 Wrapped Ether WETH $ 1,956.34 $ 5.20B
$ 5.20 billion +7.22% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.80B
$ 3.80 billion +0.04% 8 Coinbase Wrapped BTC CBBTC $ 66,084.60 $ 2.91B
$ 2.91 billion +4.79% 9 Bitcoin BEP2 BTCB $ 66,088.10 $ 2.58B
$ 2.58 billion +4.62% 10 Jito Staked SOL JITOSOL $ 105.50 $ 1.19B
$ 1.19 billion +9.03% 11 Wrapped BNB WBNB $ 612.45 $ 863.41M
$ 863.41 million +4.99% 12 Lombard Staked Bitcoin LBTC $ 65,817.64 $ 695.84M
$ 695.84 million +3.89% 13 Mantle Staked Ether METH $ 2,123.89 $ 452.20M
$ 452.20 million +7.17% 14 tBTC v2 TBTC $ 66,018.81 $ 390.36M
$ 390.36 million +4.91% 15 Marinade staked SOL MSOL $ 113.77 $ 287.92M
$ 287.92 million +9.15% 16 Coinbase Wrapped Staked ETH CBETH $ 2,194.28 $ 275.80M
$ 275.80 million +7.19% 17 Wrapped Solana SOL $ 83.57 $ 156.22M
$ 156.22 million +9.05% 18 Wrapped AVAX WAVAX $ 9.39 $ 155.49M
$ 155.49 million +13.26% 19 BybitSOL BBSOL $ 94.82 $ 110.51M
$ 110.51 million +9.05% 20 Wrapped Centrifuge CFG $ 0.0869 $ 49.90M
$ 49.90 million +6.65% 21 Coinbase Wrapped XRP CBXRP $ 1.40 $ 29.87M
$ 29.87 million +5.46% 22 Wrapped Matic WMATIC $ 0.115 $ 16.31M
$ 16.31 million +8.57% 23 Axelar Wrapped USDC AXLUSDC $ 1.00 $ 2.56M
$ 2.56 million +0.01% 24 Wrapped NCG WNCG $ 0.00558 $ 1.79M
$ 1.79 million +0.06%
The coins below are ranked lower due to missing data.
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25 Wrapped TRON WTRX $ 0.285 $ 3.66B
$ 3.66 billion +1.50% 26 Binance Staked SOL BNSOL $ 91.78 $ 899.82M
$ 899.82 million +8.81% 27 Rocket Pool ETH RETH $ 2,263.47 $ 812.19M
$ 812.19 million +6.94% 28 Solv BTC SOLVBTC $ 65,719.95 $ 424.55M
$ 424.55 million +4.18% 29 Jupiter Staked SOL JUPSOL $ 97.88 $ 409.94M
$ 409.94 million +9.14% 30 Binance-Peg XRP Token XRP $ 1.39 $ 342.29M
$ 342.29 million +4.71% 31 Bitcoin Avalanche Bridged BTC.b $ 66,101.72 $ 254.11M
$ 254.11 million +4.95% 32 ckBTC ckBTC $ 66,722.57 $ 31.49M
$ 31.49 million +6.13% 33 Wrapped NXM WNXM $ 48.65 $ 23.63M
$ 23.63 million +5.23% 34 Wrapped TAO WTAO $ 176.62 $ 20.91M
$ 20.91 million +6.57% 35 ckUSDC CKUSDC $ 1.00 $ 1.87M
$ 1.87 million +0.21% 36 ckETH ckETH $ 1,945.12 $ 1.20M
$ 1.20 million +6.73% 37 renBTC RENBTC $ 3,039.17 $ 925,420
$ 925,420 +5.95% 38 ckOCT CKOCT $ 0.00478 $ 84.70T
$ 84.70 trillion +1.86% 39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,310.47 $ 47.48T
$ 47.48 trillion -0.00% 40 Wrapped DOGE WDOGE $ 0.111 $ 14.31B
$ 14.31 billion +3.86% 41 USDC (BASE) USDC $ 0.994 $ 4.31B
$ 4.31 billion -0.58% 42 Wrapped Binance Beacon ETH WBETH $ 2,131.74 $ 2.77B
$ 2.77 billion +7.25% 43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion -0.12% 44 USDC (Avalance) USDC $ 1.00 $ 721.55M
$ 721.55 million +0.27% 45 Wrapped BTC (Wormhole) WBTC $ 65,953.03 $ 263.64M
$ 263.64 million +4.84% 46 Binance Wrapped BTC BBTC $ 65,630.56 $ 190.33M
$ 190.33 million +3.80% 47 Gate Wrapped BTC GTBTC $ 66,429.29 $ 152.78M
$ 152.78 million +4.79% 48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14 $ 121.44M
$ 121.44 million -0.88% 49 Wrapped Fantom WFTM $ 0.0491 $ 107.28M
$ 107.28 million +2.79% 50 TRON peg TRX $ 0.286 $ 85.32M
$ 85.32 million +1.81%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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