Wrapped coins

3 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 $ 2,054.77
$ 18.12B
$ 18.12 billion
+1.96%
2 Wrapped BTC WBTC $ 70,628.21
$ 9.71B
$ 9.71 billion
+3.23%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
+0.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,526.19
$ 8.07B
$ 8.07 billion
+2.22%
5 Wrapped eETH weETH $ 2,236.45
$ 6.36B
$ 6.36 billion
+2.17%
6 Wrapped Ether WETH $ 2,057.60
$ 5.47B
$ 5.47 billion
+2.11%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.03%
8 Coinbase Wrapped BTC CBBTC $ 70,823.70
$ 3.11B
$ 3.11 billion
+3.18%
9 Bitcoin BEP2 BTCB $ 70,824.10
$ 2.98B
$ 2.98 billion
+3.11%
10 Jito Staked SOL JITOSOL $ 110.12
$ 1.24B
$ 1.24 billion
+3.15%
11 Binance Staked SOL BNSOL $ 95.92
$ 941.32M
$ 941.32 million
+2.83%
12 Wrapped BNB WBNB $ 647.04
$ 912.01M
$ 912.01 million
+1.93%
13 Rocket Pool ETH RETH $ 2,380.54
$ 854.34M
$ 854.34 million
+2.33%
14 Lombard Staked Bitcoin LBTC $ 70,588.61
$ 746.57M
$ 746.57 million
+3.36%
15 Solv BTC SOLVBTC $ 70,582.69
$ 449.18M
$ 449.18 million
+3.29%
16 tBTC v2 TBTC $ 70,527.89
$ 417.02M
$ 417.02 million
+3.02%
17 Binance-Peg XRP Token XRP $ 1.40
$ 342.72M
$ 342.72 million
+2.64%
18 Coinbase Wrapped Staked ETH CBETH $ 2,312.01
$ 290.69M
$ 290.69 million
+1.97%
19 Bitcoin Avalanche Bridged BTC.b $ 70,660.75
$ 271.61M
$ 271.61 million
+3.45%
20 Marinade staked SOL MSOL $ 118.58
$ 247.12M
$ 247.12 million
+3.24%
21 Wrapped Solana SOL $ 87.10
$ 162.80M
$ 162.80 million
+2.98%
22 Wrapped AVAX WAVAX $ 9.46
$ 156.44M
$ 156.44 million
+3.59%
23 BybitSOL BBSOL $ 99.10
$ 116.48M
$ 116.48 million
+2.80%
24 Wrapped Centrifuge CFG $ 0.139
$ 80.27M
$ 80.27 million
+2.09%
25 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.67M
$ 29.67 million
+2.72%
26 Wrapped Matic WMATIC $ 0.0972
$ 13.83M
$ 13.83 million
-0.67%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.06%

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

28 Mantle Staked Ether METH $ 2,236.29
$ 476.11M
$ 476.11 million
+2.31%
29 Jupiter Staked SOL JUPSOL $ 102.07
$ 427.48M
$ 427.48 million
+3.28%
30 ckBTC ckBTC $ 70,031.11
$ 33.05M
$ 33.05 million
+3.70%
31 Wrapped NXM WNXM $ 52.21
$ 25.25M
$ 25.25 million
+2.87%
32 Wrapped TAO WTAO $ 203.83
$ 24.14M
$ 24.14 million
+4.40%
33 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
+0.63%
34 Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
+1.90%
35 ckETH ckETH $ 2,053.60
$ 1.27M
$ 1.27 million
+3.26%
36 renBTC RENBTC $ 3,307.26
$ 1.01M
$ 1.01 million
+6.82%
37 ckOCT CKOCT $ 0.00327
$ 57.94T
$ 57.94 trillion
-52.98%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,175.87
$ 46.28T
$ 46.28 trillion
+3.59%
39 Wrapped DOGE WDOGE $ 0.108
$ 13.89B
$ 13.89 billion
+1.67%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.06%
41 Wrapped Binance Beacon ETH WBETH $ 2,242.19
$ 2.92B
$ 2.92 billion
+2.06%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.23%
43 USDC (Avalance) USDC $ 1.000
$ 721.40M
$ 721.40 million
+0.05%
44 Wrapped BTC (Wormhole) WBTC $ 70,590.96
$ 282.18M
$ 282.18 million
+3.42%
45 Binance Wrapped BTC BBTC $ 70,513.42
$ 204.49M
$ 204.49 million
+3.85%
46 Gate Wrapped BTC GTBTC $ 71,052.51
$ 163.38M
$ 163.38 million
+3.12%
47 TRON peg TRX $ 0.284
$ 84.95M
$ 84.95 million
-0.28%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,173.21
$ 68.26M
$ 68.26 million
+2.61%
49 Binance-Peg Bitcoin Cash Token BCH $ 445.02
$ 42.94M
$ 42.94 million
-0.52%
50 Wrapped BTC WBTC.E $ 70,069.13
$ 30.69M
$ 30.69 million
+3.24%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped AVAX WAVAX $ 9.46
$ 156.44M
$ 156.44 million
+3.59%
Bitcoin Avalanche Bridged BTC.b $ 70,660.75
$ 271.61M
$ 271.61 million
+3.45%
Lombard Staked Bitcoin LBTC $ 70,588.61
$ 746.57M
$ 746.57 million
+3.36%
Solv BTC SOLVBTC $ 70,582.69
$ 449.18M
$ 449.18 million
+3.29%
Marinade staked SOL MSOL $ 118.58
$ 247.12M
$ 247.12 million
+3.24%
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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