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 $ 2,034.64
$ 17.94B
$ 17.94 billion
+2.46%
2 Wrapped BTC WBTC $ 68,894.57
$ 9.47B
$ 9.47 billion
+3.81%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,498.94
$ 7.98B
$ 7.98 billion
+2.88%
5 Wrapped eETH weETH $ 2,215.79
$ 6.30B
$ 6.30 billion
+2.40%
6 Wrapped Ether WETH $ 2,037.57
$ 5.42B
$ 5.42 billion
+2.57%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.04%
8 Coinbase Wrapped BTC CBBTC $ 69,042.88
$ 3.04B
$ 3.04 billion
+3.84%
9 Bitcoin BEP2 BTCB $ 69,113.31
$ 2.69B
$ 2.69 billion
+3.98%
10 Jito Staked SOL JITOSOL $ 110.03
$ 1.24B
$ 1.24 billion
+3.12%
11 Wrapped BNB WBNB $ 643.88
$ 907.33M
$ 907.33 million
+3.30%
12 Lombard Staked Bitcoin LBTC $ 69,464.91
$ 734.34M
$ 734.34 million
+4.13%
13 Solv BTC SOLVBTC $ 69,025.48
$ 439.06M
$ 439.06 million
+4.57%
14 tBTC v2 TBTC $ 68,900.21
$ 407.40M
$ 407.40 million
+3.56%
15 Binance-Peg XRP Token XRP $ 1.40
$ 343.24M
$ 343.24 million
+2.12%
16 Marinade staked SOL MSOL $ 118.32
$ 299.44M
$ 299.44 million
+3.07%
17 Coinbase Wrapped Staked ETH CBETH $ 2,285.71
$ 287.38M
$ 287.38 million
+2.49%
18 Bitcoin Avalanche Bridged BTC.b $ 68,969.76
$ 265.04M
$ 265.04 million
+3.72%
19 Wrapped AVAX WAVAX $ 9.24
$ 152.81M
$ 152.81 million
+1.72%
20 Wrapped Solana SOL $ 86.94
$ 130.40M
$ 130.40 million
+2.95%
21 BybitSOL BBSOL $ 99.54
$ 117.97M
$ 117.97 million
+3.72%
22 Wrapped Centrifuge CFG $ 0.127
$ 72.88M
$ 72.88 million
-10.50%
23 Coinbase Wrapped XRP CBXRP $ 1.40
$ 29.80M
$ 29.80 million
+1.84%
24 Wrapped NXM WNXM $ 52.51
$ 25.39M
$ 25.39 million
+4.14%
25 Wrapped TAO WTAO $ 188.37
$ 22.31M
$ 22.31 million
+5.67%
26 Wrapped Matic WMATIC $ 0.102
$ 14.51M
$ 14.51 million
-3.64%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.08%

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

28 Wrapped TRON WTRX $ 0.282
$ 3.61B
$ 3.61 billion
+0.08%
29 Binance Staked SOL BNSOL $ 96.08
$ 941.78M
$ 941.78 million
+3.49%
30 Rocket Pool ETH RETH $ 2,386.50
$ 856.48M
$ 856.48 million
+4.77%
31 Mantle Staked Ether METH $ 2,211.56
$ 470.88M
$ 470.88 million
+2.21%
32 Jupiter Staked SOL JUPSOL $ 101.86
$ 426.61M
$ 426.61 million
+2.94%
33 ckBTC ckBTC $ 68,070.55
$ 32.13M
$ 32.13 million
+2.37%
34 ckUSDC CKUSDC $ 0.997
$ 1.85M
$ 1.85 million
-1.35%
35 Wrapped NCG WNCG $ 0.00545
$ 1.75M
$ 1.75 million
-0.05%
36 ckETH ckETH $ 2,020.72
$ 1.25M
$ 1.25 million
+3.16%
37 renBTC RENBTC $ 3,201.04
$ 974,711
$ 974,711
+4.66%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,348.85
$ 47.83T
$ 47.83 trillion
+7.36%
39 Wrapped DOGE WDOGE $ 0.112
$ 14.47B
$ 14.47 billion
+9.40%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.22%
41 Wrapped Binance Beacon ETH WBETH $ 2,220.94
$ 2.89B
$ 2.89 billion
+2.53%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.08%
43 USDC (Avalance) USDC $ 0.998
$ 720.26M
$ 720.26 million
-0.04%
44 Wrapped BTC (Wormhole) WBTC $ 68,696.36
$ 274.60M
$ 274.60 million
+3.66%
45 Binance Wrapped BTC BBTC $ 69,270.62
$ 200.88M
$ 200.88 million
+4.41%
46 Gate Wrapped BTC GTBTC $ 69,270.47
$ 159.29M
$ 159.29 million
+3.16%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.63M
$ 121.63 million
+0.01%
48 TRON peg TRX $ 0.282
$ 84.15M
$ 84.15 million
+0.09%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,168.91
$ 68.13M
$ 68.13 million
+3.12%
50 Binance-Peg Bitcoin Cash Token BCH $ 447.29
$ 43.16M
$ 43.16 million
+1.80%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 188.37
$ 22.31M
$ 22.31 million
+5.67%
Solv BTC SOLVBTC $ 69,025.48
$ 439.06M
$ 439.06 million
+4.57%
Wrapped NXM WNXM $ 52.51
$ 25.39M
$ 25.39 million
+4.14%
Lombard Staked Bitcoin LBTC $ 69,464.91
$ 734.34M
$ 734.34 million
+4.13%
Bitcoin BEP2 BTCB $ 69,113.31
$ 2.69B
$ 2.69 billion
+3.98%
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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