Wrapped coins 3 coins
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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 $ 1,962.74 $ 17.31B
$ 17.31 billion +3.34% 2 Wrapped BTC WBTC $ 65,843.32 $ 9.05B
$ 9.05 billion +1.39% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 8.99B
$ 8.99 billion -0.01% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,408.36 $ 7.69B
$ 7.69 billion +3.26% 5 Wrapped eETH weETH $ 2,139.31 $ 6.08B
$ 6.08 billion +3.49% 6 Wrapped Ether WETH $ 1,964.97 $ 5.22B
$ 5.22 billion +3.32% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.80B
$ 3.80 billion -0.07% 8 Coinbase Wrapped BTC CBBTC $ 66,036.20 $ 2.90B
$ 2.90 billion +1.41% 9 Bitcoin BEP2 BTCB $ 66,007.33 $ 2.57B
$ 2.57 billion +1.36% 10 Jito Staked SOL JITOSOL $ 105.75 $ 1.19B
$ 1.19 billion +3.32% 11 Wrapped BNB WBNB $ 620.23 $ 874.08M
$ 874.08 million +2.80% 12 Rocket Pool ETH RETH $ 2,284.45 $ 819.85M
$ 819.85 million +3.89% 13 Lombard Staked Bitcoin LBTC $ 66,858.09 $ 706.78M
$ 706.78 million +2.93% 14 tBTC v2 TBTC $ 66,316.27 $ 392.12M
$ 392.12 million +2.27% 15 Binance-Peg XRP Token XRP $ 1.37 $ 335.45M
$ 335.45 million +3.27% 16 Marinade staked SOL MSOL $ 114.22 $ 289.06M
$ 289.06 million +3.56% 17 Coinbase Wrapped Staked ETH CBETH $ 2,217.87 $ 279.05M
$ 279.05 million +3.99% 18 Wrapped Solana SOL $ 83.68 $ 156.40M
$ 156.40 million +3.26% 19 Wrapped AVAX WAVAX $ 9.01 $ 149.03M
$ 149.03 million +3.49% 20 BybitSOL BBSOL $ 95.14 $ 112.74M
$ 112.74 million +3.30% 21 Wrapped Centrifuge CFG $ 0.142 $ 81.29M
$ 81.29 million +36.54% 22 Coinbase Wrapped XRP CBXRP $ 1.37 $ 29.10M
$ 29.10 million +3.15% 23 Wrapped Matic WMATIC $ 0.105 $ 14.97M
$ 14.97 million +0.83% 24 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.56M
$ 2.56 million +0.19%
The coins below are ranked lower due to missing data.
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25 Wrapped TRON WTRX $ 0.281 $ 3.60B
$ 3.60 billion +0.34% 26 Binance Staked SOL BNSOL $ 91.90 $ 900.87M
$ 900.87 million +2.98% 27 Mantle Staked Ether METH $ 2,138.00 $ 455.22M
$ 455.22 million +3.37% 28 Solv BTC SOLVBTC $ 66,472.16 $ 422.90M
$ 422.90 million +2.40% 29 Jupiter Staked SOL JUPSOL $ 98.15 $ 411.07M
$ 411.07 million +3.50% 30 Bitcoin Avalanche Bridged BTC.b $ 66,008.94 $ 253.67M
$ 253.67 million +1.52% 31 ckBTC ckBTC $ 65,965.99 $ 31.14M
$ 31.14 million +1.83% 32 Wrapped NXM WNXM $ 49.98 $ 24.18M
$ 24.18 million +1.98% 33 Wrapped TAO WTAO $ 178.20 $ 21.10M
$ 21.10 million +3.34% 34 ckUSDC CKUSDC $ 1.02 $ 1.89M
$ 1.89 million -0.55% 35 Wrapped NCG WNCG $ 0.00545 $ 1.75M
$ 1.75 million +0.28% 36 ckETH ckETH $ 1,967.79 $ 1.22M
$ 1.22 million +4.02% 37 renBTC RENBTC $ 3,072.07 $ 935,439
$ 935,439 +1.60% 38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,082.31 $ 45.44T
$ 45.44 trillion -3.10% 39 Wrapped DOGE WDOGE $ 0.108 $ 13.97B
$ 13.97 billion +6.78% 40 USDC (BASE) USDC $ 1.00 $ 4.35B
$ 4.35 billion +0.21% 41 Wrapped Binance Beacon ETH WBETH $ 2,142.38 $ 2.79B
$ 2.79 billion +3.32% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999 $ 1.29B
$ 1.29 billion -0.05% 43 USDC (Avalance) USDC $ 0.999 $ 720.81M
$ 720.81 million -0.06% 44 Wrapped BTC (Wormhole) WBTC $ 65,905.71 $ 263.45M
$ 263.45 million +1.52% 45 Binance Wrapped BTC BBTC $ 66,079.49 $ 191.63M
$ 191.63 million +2.18% 46 Gate Wrapped BTC GTBTC $ 66,780.36 $ 154.11M
$ 154.11 million +2.61% 47 TRON peg TRX $ 0.281 $ 84.07M
$ 84.07 million +0.39% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,103.19 $ 66.06M
$ 66.06 million +6.73% 49 Binance-Peg Bitcoin Cash Token BCH $ 439.84 $ 42.62M
$ 42.62 million -0.78% 50 Wrapped BTC WBTC.E $ 65,696.78 $ 28.78M
$ 28.78 million +0.85%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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