Wrapped coins

189 coins #20

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 ckOCT CKOCT $ 0.0235
$ 416.39T
$ 416.39 trillion
+27.52%
2 Wrapped DOGE WDOGE $ 0.129
$ 16.67B
$ 16.67 billion
+8.98%
3 Wrapped BTC WBTC $ 88,674.74
$ 12.18B
$ 12.18 billion
+1.36%
4 Wrapped liquid staked Ether 2.0 wstETH $ 3,700.39
$ 11.81B
$ 11.81 billion
+1.59%
5 Wrapped eETH weETH $ 3,282.41
$ 9.34B
$ 9.34 billion
+1.60%
6 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
7 Wrapped Ether WETH $ 3,022.54
$ 8.04B
$ 8.04 billion
+1.51%
8 Wrapped Binance Beacon ETH WBETH $ 3,284.57
$ 4.60B
$ 4.60 billion
+1.37%
9 USDC (BASE) USDC $ 1.00
$ 4.42B
$ 4.42 billion
+0.12%
10 Coinbase Wrapped BTC CBBTC $ 88,911.66
$ 3.73B
$ 3.73 billion
+1.47%
11 Wrapped TRON WTRX $ 0.286
$ 3.66B
$ 3.66 billion
+0.30%
12 Bitcoin BEP2 BTCB $ 88,831.66
$ 3.48B
$ 3.48 billion
+1.38%
13 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.08%
14 Wrapped BNB WBNB $ 847.32
$ 1.20B
$ 1.20 billion
-1.18%
15 USDC (Avalance) USDC $ 1.00
$ 722.81M
$ 722.81 million
+0.39%
16 tBTC v2 TBTC $ 88,875.28
$ 525.51M
$ 525.51 million
+1.55%
17 Wrapped BTC (Wormhole) WBTC $ 88,764.87
$ 354.01M
$ 354.01 million
+1.54%
18 Binance Wrapped BTC BBTC $ 88,506.07
$ 256.67M
$ 256.67 million
+0.84%
19 Wrapped AVAX WAVAX $ 13.52
$ 239.36M
$ 239.36 million
+10.21%
20 Gate Wrapped BTC GTBTC $ 89,068.98
$ 204.82M
$ 204.82 million
+1.38%
21 Kelp DAO Wrapped rsETH WRSETH $ 3,204.60
$ 100.66M
$ 100.66 million
+1.38%
22 TRON peg TRX $ 0.285
$ 85.26M
$ 85.26 million
+0.47%
23 Wrapped Centrifuge CFG $ 0.112
$ 64.07M
$ 64.07 million
+2.66%
24 Binance-Peg Bitcoin Cash Token BCH $ 590.95
$ 57.03M
$ 57.03 million
-1.09%
25 ETH by Sui Bridge ETH $ 3,019.55
$ 43.71M
$ 43.71 million
+1.74%
26 ckBTC ckBTC $ 88,286.70
$ 41.67M
$ 41.67 million
-0.81%
27 Wrapped DAG WDAG $ 0.0106
$ 39.52M
$ 39.52 million
-4.21%
28 Wrapped BTC WBTC.E $ 88,800.18
$ 38.89M
$ 38.89 million
+1.70%
29 Coinbase Wrapped XRP CBXRP $ 1.88
$ 36.68M
$ 36.68 million
+1.60%
30 Wrapped NXM WNXM $ 72.32
$ 34.97M
$ 34.97 million
+2.95%
31 Wrapped XRP WXRP $ 1.86
$ 33.45M
$ 33.45 million
+1.25%
32 DETH DETH $ 3,047.33
$ 28.30M
$ 28.30 million
+1.66%
33 Wrapped TAO WTAO $ 236.43
$ 28.00M
$ 28.00 million
+7.70%
34 Wrapped Axelar WAXL $ 0.0718
$ 18.49M
$ 18.49 million
+4.64%
35 Wrapped Matic WMATIC $ 0.108
$ 15.31M
$ 15.31 million
+8.63%
36 Wrapped QUIL wQUIL $ 0.0141
$ 12.69M
$ 12.69 million
+11.71%
37 Wrapped FRAX WFRAX $ 0.632
$ 11.68M
$ 11.68 million
+1.07%
38 iShares Gold Trust (Ondo Tokenized) IAUon $ 82.43
$ 9.88M
$ 9.88 million
+1.35%
39 Tesla tokenized stock (xStock) TSLAX $ 457.10
$ 5.03M
$ 5.03 million
+1.54%
40 Wrapped WDOGE WWDOGE $ 0.158
$ 4.37M
$ 4.37 million
-0.00%
41 Wrapped Cardano WADA $ 0.359
$ 4.29M
$ 4.29 million
+6.43%
42 Solana (Universal) USOL $ 127.30
$ 3.88M
$ 3.88 million
+2.25%
43 SPUSD SPUSD $ 1.00
$ 3.63M
$ 3.63 million
-0.08%
44 ckUSDT CKUSDT $ 1.00
$ 3.60M
$ 3.60 million
+0.26%
45 OKX Wrapped BTC XBTC $ 88,899.49
$ 3.47M
$ 3.47 million
+1.31%
46 XRP (Universal) UXRP $ 1.88
$ 3.43M
$ 3.43 million
+1.70%
47 Coinbase Wrapped DOGE CBDOGE $ 0.128
$ 3.25M
$ 3.25 million
+8.70%
48 Wrapped NCG WNCG $ 0.00871
$ 2.79M
$ 2.79 million
+1.89%
49 Bridged USDT (Sonic Labs) USDT $ 0.999
$ 2.71M
$ 2.71 million
+0.02%
50 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.51M
$ 2.51 million
-0.04%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Neon EVM WNEON $ --
$ --
$ --
--%
USDC (Avalance) USDC $ 1.00
$ 722.81M
$ 722.81 million
+0.39%
Crosschain IOTX CIOTX $ 0.00786
$ 166,953
$ 166,953
+4.73%
Wrapped ZCore WZCR $ --
$ --
$ --
--%
Wrapped Zeta WZETA $ --
$ --
$ --
--%
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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