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 $ 2,071.89
$ 18.27B
$ 18.27 billion
+1.23%
2 Wrapped BTC WBTC $ 70,169.66
$ 9.64B
$ 9.64 billion
+0.18%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.03%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,546.57
$ 8.13B
$ 8.13 billion
+1.18%
5 Wrapped eETH weETH $ 2,259.42
$ 6.43B
$ 6.43 billion
+1.49%
6 Wrapped Ether WETH $ 2,071.73
$ 5.51B
$ 5.51 billion
+1.08%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.05%
8 Coinbase Wrapped BTC CBBTC $ 70,350.35
$ 3.09B
$ 3.09 billion
+0.29%
9 Bitcoin BEP2 BTCB $ 70,288.25
$ 2.95B
$ 2.95 billion
+0.14%
10 Jito Staked SOL JITOSOL $ 109.84
$ 1.23B
$ 1.23 billion
+1.64%
11 Binance Staked SOL BNSOL $ 95.42
$ 936.58M
$ 936.58 million
+1.45%
12 Wrapped BNB WBNB $ 649.84
$ 915.70M
$ 915.70 million
+0.67%
13 Lombard Staked Bitcoin LBTC $ 70,491.28
$ 746.45M
$ 746.45 million
+0.40%
14 Jupiter Staked SOL JUPSOL $ 101.81
$ 426.37M
$ 426.37 million
+1.74%
15 tBTC v2 TBTC $ 70,241.73
$ 415.39M
$ 415.39 million
+0.32%
16 Binance-Peg XRP Token XRP $ 1.38
$ 338.33M
$ 338.33 million
-0.03%
17 Coinbase Wrapped Staked ETH CBETH $ 2,328.72
$ 292.80M
$ 292.80 million
+0.96%
18 Bitcoin Avalanche Bridged BTC.b $ 70,234.57
$ 269.99M
$ 269.99 million
+0.10%
19 Marinade staked SOL MSOL $ 118.37
$ 246.74M
$ 246.74 million
+1.94%
20 Wrapped Solana SOL $ 86.70
$ 162.06M
$ 162.06 million
+1.51%
21 Wrapped AVAX WAVAX $ 9.58
$ 135.11M
$ 135.11 million
-0.03%
22 BybitSOL BBSOL $ 98.50
$ 115.33M
$ 115.33 million
+1.31%
23 Wrapped Centrifuge CFG $ 0.126
$ 72.79M
$ 72.79 million
-3.87%
24 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.47M
$ 29.47 million
+0.17%
25 Wrapped TAO WTAO $ 209.68
$ 24.83M
$ 24.83 million
+6.00%
26 Wrapped Matic WMATIC $ 0.0979
$ 13.91M
$ 13.91 million
+0.68%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
+0.01%
28 Wrapped NCG WNCG $ 0.00530
$ 1.70M
$ 1.70 million
-0.57%

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

29 Rocket Pool ETH RETH $ 2,377.23
$ 853.16M
$ 853.16 million
+0.57%
30 Mantle Staked Ether METH $ 2,239.45
$ 476.83M
$ 476.83 million
+0.48%
31 Solv BTC SOLVBTC $ 70,235.88
$ 451.29M
$ 451.29 million
+0.23%
32 ckBTC ckBTC $ 70,029.26
$ 33.05M
$ 33.05 million
-1.97%
33 Wrapped NXM WNXM $ 52.77
$ 25.52M
$ 25.52 million
+1.78%
34 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+1.45%
35 ckETH ckETH $ 2,072.84
$ 1.28M
$ 1.28 million
+2.30%
36 renBTC RENBTC $ 3,814.39
$ 1.16M
$ 1.16 million
+5.98%
37 ckOCT CKOCT $ 0.00344
$ 61.02T
$ 61.02 trillion
-15.32%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,075.14
$ 45.38T
$ 45.38 trillion
+2.16%
39 Wrapped DOGE WDOGE $ 0.112
$ 14.48B
$ 14.48 billion
+10.82%
40 Wrapped BTC (BitGo) WBTC $ 69,979.47
$ 8.38B
$ 8.38 billion
-0.27%
41 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+0.18%
42 Wrapped Binance Beacon ETH WBETH $ 2,261.88
$ 2.95B
$ 2.95 billion
+1.16%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.01%
44 USDC (Avalance) USDC $ 0.998
$ 719.98M
$ 719.98 million
-0.25%
45 Wrapped BTC (Wormhole) WBTC $ 70,217.50
$ 280.60M
$ 280.60 million
+0.34%
46 Binance Wrapped BTC BBTC $ 69,513.82
$ 201.59M
$ 201.59 million
-0.71%
47 Gate Wrapped BTC GTBTC $ 70,559.82
$ 162.26M
$ 162.26 million
+0.10%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
+0.97%
49 TRON peg TRX $ 0.290
$ 86.49M
$ 86.49 million
+0.01%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,194.90
$ 68.94M
$ 68.94 million
+0.80%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 209.68
$ 24.83M
$ 24.83 million
+6.00%
Marinade staked SOL MSOL $ 118.37
$ 246.74M
$ 246.74 million
+1.94%
Jupiter Staked SOL JUPSOL $ 101.81
$ 426.37M
$ 426.37 million
+1.74%
Jito Staked SOL JITOSOL $ 109.84
$ 1.23B
$ 1.23 billion
+1.64%
Wrapped Solana SOL $ 86.70
$ 162.06M
$ 162.06 million
+1.51%
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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