Wrapped coins

212 coins #19

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 $ 2,172.18
$ 20.44B
$ 20.44 billion
-2.60%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,686.91
$ 9.95B
$ 9.95 billion
-2.96%
3 Wrapped BTC WBTC $ 70,598.77
$ 9.70B
$ 9.70 billion
-2.77%
4 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.19%
5 Wrapped Ether WETH $ 2,183.13
$ 5.80B
$ 5.80 billion
-2.94%
6 Wrapped eETH weETH $ 2,382.10
$ 5.74B
$ 5.74 billion
-2.92%
7 Coinbase Wrapped BTC CBBTC $ 70,807.61
$ 3.38B
$ 3.38 billion
-2.74%
8 Bitcoin BEP2 BTCB $ 70,729.28
$ 2.98B
$ 2.98 billion
-2.84%
9 Wrapped BNB WBNB $ 589.42
$ 1.02B
$ 1.02 billion
-2.55%
10 Jito Staked SOL JITOSOL $ 103.80
$ 936.12M
$ 936.12 million
-3.64%
11 Rocket Pool ETH RETH $ 2,536.26
$ 857.16M
$ 857.16 million
-2.82%
12 Lombard Staked Bitcoin LBTC $ 70,966.63
$ 752.80M
$ 752.80 million
-2.71%
13 tBTC v2 TBTC $ 70,680.44
$ 423.98M
$ 423.98 million
-2.79%
14 Jupiter Staked SOL JUPSOL $ 96.33
$ 350.70M
$ 350.70 million
-3.53%
15 Binance-Peg XRP Token XRP $ 1.32
$ 304.11M
$ 304.11 million
-1.69%
16 Coinbase Wrapped Staked ETH CBETH $ 2,459.12
$ 292.61M
$ 292.61 million
-2.96%
17 Bitcoin Avalanche Bridged BTC.b $ 70,848.36
$ 272.32M
$ 272.32 million
-2.38%
18 Marinade staked SOL MSOL $ 111.80
$ 227.06M
$ 227.06 million
-3.49%
19 Wrapped AVAX WAVAX $ 8.99
$ 143.00M
$ 143.00 million
-3.06%
20 Wrapped Solana SOL $ 81.59
$ 122.38M
$ 122.38 million
-3.63%
21 Wrapped Centrifuge CFG $ 0.194
$ 111.69M
$ 111.69 million
+0.16%
22 Coinbase Wrapped XRP CBXRP $ 1.32
$ 73.39M
$ 73.39 million
-1.49%
23 Wrapped Matic WMATIC $ 0.0824
$ 11.72M
$ 11.72 million
-4.05%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.49M
$ 2.49 million
-0.09%

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

25 Ethena Staked USDe sUSDe $ 2.98
$ 9.29B
$ 9.29 billion
+1.45%
26 Binance Staked SOL BNSOL $ 90.29
$ 770.48M
$ 770.48 million
-3.58%
27 Mantle Staked Ether METH $ 2,376.81
$ 633.41M
$ 633.41 million
-3.31%
28 Solv BTC SOLVBTC $ 70,627.97
$ 504.53M
$ 504.53 million
-2.91%
29 BybitSOL BBSOL $ 93.33
$ 95.45M
$ 95.45 million
-3.51%
30 ckBTC ckBTC $ 71,397.96
$ 33.72M
$ 33.72 million
-3.63%
31 Wrapped TAO WTAO $ 259.17
$ 28.95M
$ 28.95 million
-1.76%
32 Wrapped NXM WNXM $ 56.00
$ 24.72M
$ 24.72 million
-0.47%
33 renBTC RENBTC $ 11,544.42
$ 3.51M
$ 3.51 million
-2.44%
34 Wrapped NCG WNCG $ 0.00536
$ 1.72M
$ 1.72 million
-1.00%
35 ckUSDC CKUSDC $ 0.993
$ 1.57M
$ 1.57 million
-0.89%
36 ckETH ckETH $ 2,208.84
$ 1.37M
$ 1.37 million
-1.63%
37 ckOCT CKOCT $ 0.00334
$ 59.23T
$ 59.23 trillion
-2.59%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,982.97
$ 33.04T
$ 33.04 trillion
-0.83%
39 Wrapped BTC (BitGo) WBTC $ 70,501.34
$ 8.44B
$ 8.44 billion
-2.61%
40 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.32%
41 Wrapped Binance Beacon ETH WBETH $ 2,389.07
$ 3.10B
$ 3.10 billion
-2.94%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.29%
43 USDC (Avalance) USDC $ 1.00
$ 721.63M
$ 721.63 million
-0.10%
44 Wrapped BTC (Wormhole) WBTC $ 70,682.07
$ 261.69M
$ 261.69 million
-2.60%
45 Binance Wrapped BTC BBTC $ 70,896.95
$ 205.60M
$ 205.60 million
-2.59%
46 Gate Wrapped BTC GTBTC $ 70,997.20
$ 163.27M
$ 163.27 million
-2.77%
47 TRON peg TRX $ 0.321
$ 95.89M
$ 95.89 million
+0.85%
48 Wrapped Fantom WFTM $ 0.0423
$ 92.47M
$ 92.47 million
-2.12%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,331.90
$ 73.25M
$ 73.25 million
-2.82%
50 Binance-Peg Bitcoin Cash Token BCH $ 421.99
$ 40.72M
$ 40.72 million
-3.46%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.194
$ 111.69M
$ 111.69 million
+0.16%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.49M
$ 2.49 million
-0.09%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.19%
Coinbase Wrapped XRP CBXRP $ 1.32
$ 73.39M
$ 73.39 million
-1.49%
Binance-Peg XRP Token XRP $ 1.32
$ 304.11M
$ 304.11 million
-1.69%
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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