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 $ 1,998.15
$ 17.74B
$ 17.74 billion
-0.63%
2 Wrapped BTC WBTC $ 71,106.16
$ 9.77B
$ 9.77 billion
-3.56%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
+0.04%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,461.17
$ 8.51B
$ 8.51 billion
-0.94%
5 Wrapped Ether WETH $ 1,998.05
$ 5.31B
$ 5.31 billion
-0.67%
6 Wrapped eETH weETH $ 2,187.41
$ 3.47B
$ 3.47 billion
-0.75%
7 Coinbase Wrapped BTC CBBTC $ 71,192.13
$ 3.07B
$ 3.07 billion
-3.68%
8 Bitcoin BEP2 BTCB $ 71,187.12
$ 3.00B
$ 3.00 billion
-3.58%
9 Wrapped BNB WBNB $ 693.06
$ 1.20B
$ 1.20 billion
-2.59%
10 Binance Staked SOL BNSOL $ 90.28
$ 897.99M
$ 897.99 million
-1.86%
11 Jito Staked SOL JITOSOL $ 103.33
$ 820.42M
$ 820.42 million
-2.17%
12 Rocket Pool ETH RETH $ 2,321.91
$ 773.75M
$ 773.75 million
-0.81%
13 Lombard Staked Bitcoin LBTC $ 71,301.08
$ 755.18M
$ 755.18 million
-3.58%
14 tBTC v2 TBTC $ 71,080.60
$ 342.83M
$ 342.83 million
-3.72%
15 Binance-Peg XRP Token XRP $ 1.29
$ 292.93M
$ 292.93 million
-3.17%
16 Bitcoin Avalanche Bridged BTC.b $ 71,169.72
$ 273.55M
$ 273.55 million
-3.49%
17 Coinbase Wrapped Staked ETH CBETH $ 2,259.72
$ 264.09M
$ 264.09 million
-0.74%
18 Marinade staked SOL MSOL $ 111.37
$ 258.23M
$ 258.23 million
-2.12%
19 Wrapped AVAX WAVAX $ 8.90
$ 143.52M
$ 143.52 million
-0.46%
20 Wrapped Centrifuge CFG $ 0.248
$ 143.00M
$ 143.00 million
-7.87%
21 Wrapped Solana SOL $ 80.82
$ 121.23M
$ 121.23 million
-1.89%
22 Wrapped NXM WNXM $ 51.95
$ 22.11M
$ 22.11 million
+1.29%
23 Wrapped Matic WMATIC $ 0.0936
$ 13.32M
$ 13.32 million
+0.90%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.43M
$ 2.43 million
-0.03%
25 Wrapped NCG WNCG $ 0.00640
$ 2.05M
$ 2.05 million
-8.20%

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

26 Ethena Staked USDe sUSDe $ 3.34
$ 10.42B
$ 10.42 billion
-0.43%
27 Wrapped TRON WTRX $ 0.344
$ 1.36B
$ 1.36 billion
-1.97%
28 Mantle Staked Ether METH $ 2,179.84
$ 450.31M
$ 450.31 million
-0.77%
29 Solv BTC SOLVBTC $ 70,943.49
$ 448.75M
$ 448.75 million
-3.56%
30 Jupiter Staked SOL JUPSOL $ 95.82
$ 410.96M
$ 410.96 million
-2.28%
31 BybitSOL BBSOL $ 93.41
$ 112.18M
$ 112.18 million
-1.75%
32 Coinbase Wrapped XRP CBXRP $ 1.29
$ 102.95M
$ 102.95 million
-2.94%
33 Wrapped TAO WTAO $ 252.28
$ 27.03M
$ 27.03 million
-0.20%
34 ckBTC ckBTC $ 71,024.39
$ 13.66M
$ 13.66 million
-3.72%
35 renBTC RENBTC $ 14,531.85
$ 4.42M
$ 4.42 million
-14.92%
36 ckUSDC CKUSDC $ 0.997
$ 2.04M
$ 2.04 million
-0.34%
37 ckETH ckETH $ 1,989.36
$ 1.23M
$ 1.23 million
-1.41%
38 ckOCT CKOCT $ 0.00590
$ 104.45T
$ 104.45 trillion
-2.94%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,086.07
$ 61.20T
$ 61.20 trillion
-6.49%
40 Wrapped DOGE WDOGE $ 0.0991
$ 12.79B
$ 12.79 billion
-0.77%
41 Wrapped BTC (BitGo) WBTC $ 70,947.51
$ 8.26B
$ 8.26 billion
-3.69%
42 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.18%
43 Wrapped Binance Beacon ETH WBETH $ 2,199.00
$ 2.72B
$ 2.72 billion
-0.56%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.04%
45 USDC (Avalance) USDC $ 0.996
$ 718.60M
$ 718.60 million
-0.17%
46 Wrapped BTC (Wormhole) WBTC $ 70,975.20
$ 213.63M
$ 213.63 million
-3.64%
47 Binance Wrapped BTC BBTC $ 70,917.62
$ 205.66M
$ 205.66 million
-3.79%
48 Gate Wrapped BTC GTBTC $ 71,527.56
$ 164.48M
$ 164.48 million
-3.56%
49 Wrapped Fantom WFTM $ 0.0482
$ 105.43M
$ 105.43 million
-3.33%
50 TRON peg TRX $ 0.346
$ 103.25M
$ 103.25 million
-1.31%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped NXM WNXM $ 51.95
$ 22.11M
$ 22.11 million
+1.29%
Wrapped Matic WMATIC $ 0.0936
$ 13.32M
$ 13.32 million
+0.90%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
+0.04%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.43M
$ 2.43 million
-0.03%
Wrapped AVAX WAVAX $ 8.90
$ 143.52M
$ 143.52 million
-0.46%
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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