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 $ 2,148.74
$ 18.96B
$ 18.96 billion
+3.83%
2 Wrapped BTC WBTC $ 72,021.41
$ 9.90B
$ 9.90 billion
+2.70%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+0.43%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,641.14
$ 8.43B
$ 8.43 billion
+3.77%
5 Wrapped eETH weETH $ 2,343.78
$ 6.67B
$ 6.67 billion
+3.95%
6 Wrapped Ether WETH $ 2,137.79
$ 5.69B
$ 5.69 billion
+3.13%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 72,358.42
$ 3.18B
$ 3.18 billion
+2.92%
9 Bitcoin BEP2 BTCB $ 72,194.05
$ 3.04B
$ 3.04 billion
+2.81%
10 Jito Staked SOL JITOSOL $ 114.35
$ 1.29B
$ 1.29 billion
+4.18%
11 Binance Staked SOL BNSOL $ 98.76
$ 971.77M
$ 971.77 million
+3.69%
12 Wrapped BNB WBNB $ 665.54
$ 938.18M
$ 938.18 million
+2.15%
13 Rocket Pool ETH RETH $ 2,489.64
$ 892.12M
$ 892.12 million
+4.63%
14 Lombard Staked Bitcoin LBTC $ 72,498.75
$ 767.84M
$ 767.84 million
+2.97%
15 Mantle Staked Ether METH $ 2,327.84
$ 495.71M
$ 495.71 million
+3.96%
16 Solv BTC SOLVBTC $ 72,932.07
$ 468.61M
$ 468.61 million
+4.20%
17 tBTC v2 TBTC $ 72,238.67
$ 427.15M
$ 427.15 million
+2.93%
18 Binance-Peg XRP Token XRP $ 1.42
$ 348.65M
$ 348.65 million
+3.06%
19 Coinbase Wrapped Staked ETH CBETH $ 2,410.05
$ 303.07M
$ 303.07 million
+3.45%
20 Bitcoin Avalanche Bridged BTC.b $ 72,454.22
$ 278.66M
$ 278.66 million
+3.85%
21 Marinade staked SOL MSOL $ 123.53
$ 257.45M
$ 257.45 million
+4.61%
22 Wrapped Solana SOL $ 90.23
$ 168.65M
$ 168.65 million
+4.05%
23 Wrapped AVAX WAVAX $ 9.97
$ 140.65M
$ 140.65 million
+4.66%
24 BybitSOL BBSOL $ 102.24
$ 119.74M
$ 119.74 million
+3.66%
25 Wrapped Centrifuge CFG $ 0.124
$ 71.61M
$ 71.61 million
-1.57%
26 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.12M
$ 30.12 million
+2.49%
27 Wrapped TAO WTAO $ 244.24
$ 28.93M
$ 28.93 million
+16.43%
28 Wrapped NXM WNXM $ 55.38
$ 26.78M
$ 26.78 million
+4.25%
29 Wrapped Matic WMATIC $ 0.0985
$ 14.04M
$ 14.04 million
+0.67%
30 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.08%
31 Wrapped NCG WNCG $ 0.00544
$ 1.74M
$ 1.74 million
+2.33%

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

32 Jupiter Staked SOL JUPSOL $ 106.22
$ 387.16M
$ 387.16 million
+4.63%
33 ckBTC ckBTC $ 72,259.32
$ 34.11M
$ 34.11 million
+3.30%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.64%
35 ckETH ckETH $ 2,153.29
$ 1.33M
$ 1.33 million
+4.28%
36 renBTC RENBTC $ 4,217.41
$ 1.28M
$ 1.28 million
+11.12%
37 ckOCT CKOCT $ 0.00434
$ 76.84T
$ 76.84 trillion
+25.93%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,127.35
$ 45.84T
$ 45.84 trillion
+1.03%
39 Wrapped BTC (BitGo) WBTC $ 72,710.52
$ 8.70B
$ 8.70 billion
+4.49%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.35%
41 Wrapped Binance Beacon ETH WBETH $ 2,339.49
$ 3.05B
$ 3.05 billion
+3.33%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.35%
43 USDC (Avalance) USDC $ 1.00
$ 722.43M
$ 722.43 million
+0.35%
44 Wrapped BTC (Wormhole) WBTC $ 72,431.86
$ 289.53M
$ 289.53 million
+3.39%
45 Binance Wrapped BTC BBTC $ 73,359.12
$ 212.74M
$ 212.74 million
+5.53%
46 Gate Wrapped BTC GTBTC $ 72,300.93
$ 166.46M
$ 166.46 million
+2.57%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
+0.00%
48 TRON peg TRX $ 0.290
$ 86.72M
$ 86.72 million
+0.26%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,307.96
$ 72.50M
$ 72.50 million
+5.15%
50 Binance-Peg Bitcoin Cash Token BCH $ 469.57
$ 45.31M
$ 45.31 million
+2.97%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 244.24
$ 28.93M
$ 28.93 million
+16.43%
Wrapped AVAX WAVAX $ 9.97
$ 140.65M
$ 140.65 million
+4.66%
Rocket Pool ETH RETH $ 2,489.64
$ 892.12M
$ 892.12 million
+4.63%
Marinade staked SOL MSOL $ 123.53
$ 257.45M
$ 257.45 million
+4.61%
Wrapped NXM WNXM $ 55.38
$ 26.78M
$ 26.78 million
+4.25%
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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