Wrapped coins

222 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 1,744.39
$ 15.49B
$ 15.49 billion
-6.14%
2 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.51%
3 Wrapped BTC WBTC $ 62,370.82
$ 8.57B
$ 8.57 billion
-6.35%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,158.63
$ 7.53B
$ 7.53 billion
-6.16%
5 Wrapped Ether WETH $ 1,752.87
$ 4.66B
$ 4.66 billion
-5.48%
6 Wrapped eETH weETH $ 1,912.66
$ 3.03B
$ 3.03 billion
-6.23%
7 Coinbase Wrapped BTC CBBTC $ 62,403.35
$ 2.76B
$ 2.76 billion
-6.38%
8 Bitcoin BEP2 BTCB $ 62,511.36
$ 2.64B
$ 2.64 billion
-6.45%
9 Wrapped BNB WBNB $ 600.37
$ 1.04B
$ 1.04 billion
-7.43%
10 Binance Staked SOL BNSOL $ 76.46
$ 760.57M
$ 760.57 million
-7.74%
11 Rocket Pool ETH RETH $ 2,028.83
$ 675.30M
$ 675.30 million
-6.47%
12 Jito Staked SOL JITOSOL $ 87.57
$ 664.61M
$ 664.61 million
-8.38%
13 Lombard Staked Bitcoin LBTC $ 62,487.80
$ 661.47M
$ 661.47 million
-6.84%
14 tBTC v2 TBTC $ 62,415.24
$ 301.67M
$ 301.67 million
-6.68%
15 Binance-Peg XRP Token XRP $ 1.16
$ 264.05M
$ 264.05 million
-4.98%
16 Bitcoin Avalanche Bridged BTC.b $ 62,526.48
$ 240.48M
$ 240.48 million
-6.15%
17 Coinbase Wrapped Staked ETH CBETH $ 1,979.93
$ 231.30M
$ 231.30 million
-5.62%
18 Marinade staked SOL MSOL $ 94.41
$ 218.91M
$ 218.91 million
-8.40%
19 Wrapped Centrifuge CFG $ 0.243
$ 140.32M
$ 140.32 million
-2.97%
20 Wrapped AVAX WAVAX $ 7.75
$ 125.07M
$ 125.07 million
-5.15%
21 Wrapped Solana SOL $ 68.38
$ 102.57M
$ 102.57 million
-8.27%
22 Coinbase Wrapped XRP CBXRP $ 1.16
$ 95.26M
$ 95.26 million
-4.90%
23 Wrapped Matic WMATIC $ 0.0896
$ 12.74M
$ 12.74 million
-1.29%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.43M
$ 2.43 million
-0.12%
25 Wrapped NCG WNCG $ 0.00586
$ 1.88M
$ 1.88 million
-5.12%

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

26 Ethena Staked USDe sUSDe $ 3.38
$ 10.52B
$ 10.52 billion
-0.00%
27 Wrapped TRON WTRX $ 0.331
$ 1.31B
$ 1.31 billion
-0.56%
28 Mantle Staked Ether METH $ 1,906.21
$ 400.43M
$ 400.43 million
-6.15%
29 Solv BTC SOLVBTC $ 61,832.22
$ 390.92M
$ 390.92 million
-7.38%
30 Jupiter Staked SOL JUPSOL $ 81.44
$ 349.26M
$ 349.26 million
-8.37%
31 BybitSOL BBSOL $ 78.99
$ 90.77M
$ 90.77 million
-7.73%
32 Wrapped TAO WTAO $ 211.70
$ 22.69M
$ 22.69 million
-6.54%
33 Wrapped NXM WNXM $ 46.08
$ 19.65M
$ 19.65 million
-5.29%
34 ckBTC ckBTC $ 60,134.51
$ 11.57M
$ 11.57 million
-10.11%
35 renBTC RENBTC $ 12,484.91
$ 3.80M
$ 3.80 million
-7.26%
36 ckUSDC CKUSDC $ 0.951
$ 1.94M
$ 1.94 million
-6.41%
37 ckETH ckETH $ 1,679.80
$ 1.04M
$ 1.04 million
-10.81%
38 Wrapped DOGE WDOGE $ 0.0896
$ 11.56B
$ 11.56 billion
-2.78%
39 Wrapped BTC (BitGo) WBTC $ 62,062.77
$ 7.23B
$ 7.23 billion
-6.99%
40 USDC (BASE) USDC $ 1.01
$ 4.36B
$ 4.36 billion
+0.30%
41 Wrapped Binance Beacon ETH WBETH $ 1,922.57
$ 2.38B
$ 2.38 billion
-5.68%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.22%
43 USDC (Avalance) USDC $ 1.00
$ 721.77M
$ 721.77 million
-0.16%
44 Wrapped BTC (Wormhole) WBTC $ 62,226.19
$ 187.29M
$ 187.29 million
-6.61%
45 Binance Wrapped BTC BBTC $ 62,380.45
$ 180.90M
$ 180.90 million
-6.63%
46 Gate Wrapped BTC GTBTC $ 62,761.42
$ 144.33M
$ 144.33 million
-6.38%
47 TRON peg TRX $ 0.332
$ 99.02M
$ 99.02 million
-1.24%
48 Wrapped Fantom WFTM $ 0.0445
$ 97.32M
$ 97.32 million
-3.89%
49 Kelp DAO Wrapped rsETH WRSETH $ 1,861.89
$ 58.48M
$ 58.48 million
-6.01%
50 Cardano AP3X Token cAP3X $ 0.0148
$ 44.39M
$ 44.39 million
-6.60%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.43M
$ 2.43 million
-0.12%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.51%
Wrapped Matic WMATIC $ 0.0896
$ 12.74M
$ 12.74 million
-1.29%
Wrapped Centrifuge CFG $ 0.243
$ 140.32M
$ 140.32 million
-2.97%
Coinbase Wrapped XRP CBXRP $ 1.16
$ 95.26M
$ 95.26 million
-4.90%
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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