Wrapped coins

0 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 $ 2,982.29
$ 26.31B
$ 26.31 billion
+0.60%
2 Wrapped BTC WBTC $ 89,790.60
$ 12.33B
$ 12.33 billion
+1.06%
3 Wrapped liquid staked Ether 2.0 wstETH $ 3,656.89
$ 11.68B
$ 11.68 billion
+0.79%
4 Wrapped eETH weETH $ 3,241.04
$ 9.22B
$ 9.22 billion
+0.63%
5 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.01%
6 Wrapped Ether WETH $ 2,984.74
$ 7.94B
$ 7.94 billion
+0.98%
7 Coinbase Wrapped BTC CBBTC $ 89,990.74
$ 3.78B
$ 3.78 billion
+0.90%
8 Ethena Staked USDe sUSDe $ 1.21
$ 3.65B
$ 3.65 billion
-0.04%
9 Bitcoin BEP2 BTCB $ 90,059.35
$ 3.53B
$ 3.53 billion
+1.11%
10 Jito Staked SOL JITOSOL $ 163.04
$ 1.86B
$ 1.86 billion
+1.86%
11 Wrapped BNB WBNB $ 893.16
$ 1.26B
$ 1.26 billion
+2.45%
12 Rocket Pool ETH RETH $ 3,468.34
$ 1.25B
$ 1.25 billion
+1.10%
13 Lombard Staked Bitcoin LBTC $ 90,082.48
$ 952.68M
$ 952.68 million
+1.45%
14 tBTC v2 TBTC $ 89,962.02
$ 531.94M
$ 531.94 million
+1.09%
15 Marinade staked SOL MSOL $ 175.87
$ 445.08M
$ 445.08 million
+1.85%
16 Coinbase Wrapped Staked ETH CBETH $ 3,339.52
$ 419.89M
$ 419.89 million
+1.05%
17 Bitcoin Avalanche Bridged BTC.b $ 90,185.93
$ 346.63M
$ 346.63 million
+1.08%
18 Wrapped Solana SOL $ 130.00
$ 242.89M
$ 242.89 million
+1.75%
19 BybitSOL BBSOL $ 146.67
$ 233.62M
$ 233.62 million
+1.70%
20 Wrapped AVAX WAVAX $ 12.44
$ 205.86M
$ 205.86 million
+1.85%
21 Wrapped Centrifuge CFG $ 0.120
$ 68.82M
$ 68.82 million
+2.57%
22 Wrapped Matic WMATIC $ 0.134
$ 19.14M
$ 19.14 million
+1.05%
23 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.51M
$ 2.51 million
-0.07%
24 Wrapped NCG WNCG $ 0.00778
$ 2.49M
$ 2.49 million
-0.96%

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

25 Wrapped TRON WTRX $ 0.299
$ 3.84B
$ 3.84 billion
+1.10%
26 Binance Staked SOL BNSOL $ 142.29
$ 1.36B
$ 1.36 billion
+1.99%
27 Mantle Staked Ether METH $ 3,240.74
$ 690.01M
$ 690.01 million
+0.92%
28 Jupiter Staked SOL JUPSOL $ 151.12
$ 615.84M
$ 615.84 million
+1.81%
29 Binance-Peg XRP Token XRP $ 1.95
$ 479.56M
$ 479.56 million
+2.62%
30 ckBTC ckBTC $ 89,942.54
$ 42.45M
$ 42.45 million
+0.77%
31 Coinbase Wrapped XRP CBXRP $ 1.94
$ 41.32M
$ 41.32 million
+1.74%
32 Wrapped NXM WNXM $ 73.92
$ 35.90M
$ 35.90 million
+2.06%
33 Wrapped TAO WTAO $ 251.33
$ 29.76M
$ 29.76 million
+5.28%
34 ckETH ckETH $ 2,994.35
$ 1.85M
$ 1.85 million
+1.08%
35 ckUSDC CKUSDC $ 0.995
$ 1.83M
$ 1.83 million
-0.67%
36 renBTC RENBTC $ 4,293.01
$ 1.31M
$ 1.31 million
-5.93%
37 ckOCT CKOCT $ 0.0378
$ 668.79T
$ 668.79 trillion
+0.66%
38 Wrapped DOGE WDOGE $ 0.143
$ 18.43B
$ 18.43 billion
-2.29%
39 Wrapped Binance Beacon ETH WBETH $ 3,251.77
$ 4.56B
$ 4.56 billion
+1.06%
40 USDC (BASE) USDC $ 1.000
$ 4.41B
$ 4.41 billion
-0.11%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.08%
42 USDC (Avalance) USDC $ 1.00
$ 721.83M
$ 721.83 million
-0.18%
43 Wrapped BTC (Wormhole) WBTC $ 89,779.31
$ 358.87M
$ 358.87 million
+0.96%
44 Binance Wrapped BTC BBTC $ 89,596.33
$ 260.63M
$ 260.63 million
+1.77%
45 Gate Wrapped BTC GTBTC $ 90,110.45
$ 207.22M
$ 207.22 million
+0.94%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.16
$ 123.74M
$ 123.74 million
-0.17%
47 Kelp DAO Wrapped rsETH WRSETH $ 3,183.13
$ 99.99M
$ 99.99 million
+1.06%
48 TRON peg TRX $ 0.299
$ 89.41M
$ 89.41 million
+1.14%
49 Binance-Peg Bitcoin Cash Token BCH $ 597.75
$ 57.68M
$ 57.68 million
+0.38%
50 Wrapped DAG WDAG $ 0.0112
$ 41.47M
$ 41.47 million
-0.38%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.120
$ 68.82M
$ 68.82 million
+2.57%
Wrapped BNB WBNB $ 893.16
$ 1.26B
$ 1.26 billion
+2.45%
Jito Staked SOL JITOSOL $ 163.04
$ 1.86B
$ 1.86 billion
+1.86%
Marinade staked SOL MSOL $ 175.87
$ 445.08M
$ 445.08 million
+1.85%
Wrapped AVAX WAVAX $ 12.44
$ 205.86M
$ 205.86 million
+1.85%
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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