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 $ 1,925.93
$ 16.99B
$ 16.99 billion
-4.88%
2 Wrapped BTC WBTC $ 65,656.58
$ 9.02B
$ 9.02 billion
-2.34%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-1.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,356.20
$ 7.52B
$ 7.52 billion
-5.10%
5 Wrapped eETH weETH $ 2,100.48
$ 5.97B
$ 5.97 billion
-4.63%
6 Wrapped Ether WETH $ 1,927.65
$ 5.13B
$ 5.13 billion
-4.94%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 65,858.12
$ 2.90B
$ 2.90 billion
-2.15%
9 Jito Staked SOL JITOSOL $ 103.39
$ 1.16B
$ 1.16 billion
-5.43%
10 Wrapped BNB WBNB $ 613.27
$ 864.25M
$ 864.25 million
-0.94%
11 Lombard Staked Bitcoin LBTC $ 66,220.52
$ 700.04M
$ 700.04 million
-2.51%
12 tBTC v2 TBTC $ 65,792.15
$ 389.02M
$ 389.02 million
-2.22%
13 Marinade staked SOL MSOL $ 111.34
$ 281.76M
$ 281.76 million
-5.33%
14 Wrapped Solana SOL $ 81.85
$ 152.99M
$ 152.99 million
-5.38%
15 BybitSOL BBSOL $ 93.30
$ 108.66M
$ 108.66 million
-5.27%
16 Wrapped Centrifuge CFG $ 0.106
$ 60.90M
$ 60.90 million
-20.19%
17 Wrapped NCG WNCG $ 0.00549
$ 1.76M
$ 1.76 million
+1.00%

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

18 Wrapped TRON WTRX $ 0.283
$ 3.62B
$ 3.62 billion
-0.78%
19 Bitcoin BEP2 BTCB $ 65,809.39
$ 2.57B
$ 2.57 billion
-1.32%
20 Binance Staked SOL BNSOL $ 90.33
$ 886.09M
$ 886.09 million
-5.19%
21 Rocket Pool ETH RETH $ 2,235.61
$ 802.33M
$ 802.33 million
-4.84%
22 Mantle Staked Ether METH $ 2,089.06
$ 444.80M
$ 444.80 million
-4.22%
23 Jupiter Staked SOL JUPSOL $ 95.91
$ 401.69M
$ 401.69 million
-5.22%
24 Coinbase Wrapped Staked ETH CBETH $ 2,167.54
$ 272.53M
$ 272.53 million
-4.73%
25 Bitcoin Avalanche Bridged BTC.b $ 65,511.44
$ 251.82M
$ 251.82 million
-2.72%
26 Wrapped AVAX WAVAX $ 8.98
$ 148.64M
$ 148.64 million
-3.96%
27 ckBTC ckBTC $ 66,466.92
$ 31.37M
$ 31.37 million
-1.28%
28 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.93M
$ 28.93 million
-3.18%
29 Wrapped NXM WNXM $ 49.20
$ 23.79M
$ 23.79 million
-4.85%
30 Wrapped TAO WTAO $ 170.46
$ 20.18M
$ 20.18 million
-2.08%
31 Wrapped Matic WMATIC $ 0.107
$ 15.26M
$ 15.26 million
-3.94%
32 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.07%
33 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
+0.11%
34 ckETH ckETH $ 1,941.01
$ 1.20M
$ 1.20 million
-4.56%
35 renBTC RENBTC $ 3,068.59
$ 934,380
$ 934,380
-1.61%
36 ckOCT CKOCT $ 0.00551
$ 97.55T
$ 97.55 trillion
-3.24%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,121.49
$ 45.79T
$ 45.79 trillion
+9.20%
38 Wrapped DOGE WDOGE $ 0.108
$ 13.99B
$ 13.99 billion
-4.96%
39 USDC (BASE) USDC $ 0.956
$ 4.15B
$ 4.15 billion
-4.49%
40 Wrapped Binance Beacon ETH WBETH $ 2,102.15
$ 2.74B
$ 2.74 billion
-4.92%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998
$ 1.29B
$ 1.29 billion
-1.12%
42 USDC (Avalance) USDC $ 1.00
$ 721.58M
$ 721.58 million
-0.13%
43 Wrapped BTC (Wormhole) WBTC $ 65,742.23
$ 262.79M
$ 262.79 million
-2.02%
44 Binance Wrapped BTC BBTC $ 65,797.71
$ 190.81M
$ 190.81 million
-2.32%
45 Gate Wrapped BTC GTBTC $ 65,991.11
$ 151.75M
$ 151.75 million
-2.27%
46 ETH by Sui Bridge ETH $ 1,931.79
$ 26.57M
$ 26.57 million
-4.38%
47 Wrapped Axelar WAXL $ 0.0560
$ 14.42M
$ 14.42 million
-1.44%
48 Wrapped QUIL wQUIL $ 0.0132
$ 11.91M
$ 11.91 million
-1.48%
49 Wrapped FRAX WFRAX $ 0.619
$ 11.44M
$ 11.44 million
-2.99%
50 ckUSDT CKUSDT $ 0.999
$ 4.66M
$ 4.66 million
+0.01%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00549
$ 1.76M
$ 1.76 million
+1.00%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.02%
Wrapped BNB WBNB $ 613.27
$ 864.25M
$ 864.25 million
-0.94%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-1.01%
Coinbase Wrapped BTC CBBTC $ 65,858.12
$ 2.90B
$ 2.90 billion
-2.15%
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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