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 $ 2,014.65
$ 17.86B
$ 17.86 billion
-2.13%
2 Wrapped BTC WBTC $ 73,467.92
$ 10.09B
$ 10.09 billion
-2.11%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.21%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,492.62
$ 8.39B
$ 8.39 billion
-2.04%
5 Wrapped Ether WETH $ 2,015.58
$ 5.36B
$ 5.36 billion
-2.17%
6 Wrapped eETH weETH $ 2,208.90
$ 3.52B
$ 3.52 billion
-2.18%
7 Bitcoin BEP2 BTCB $ 73,634.46
$ 3.10B
$ 3.10 billion
-1.95%
8 Coinbase Wrapped BTC CBBTC $ 73,591.46
$ 3.06B
$ 3.06 billion
-2.11%
9 Wrapped BNB WBNB $ 641.41
$ 1.11B
$ 1.11 billion
-1.91%
10 Jito Staked SOL JITOSOL $ 105.58
$ 838.23M
$ 838.23 million
-1.56%
11 Rocket Pool ETH RETH $ 2,348.65
$ 783.15M
$ 783.15 million
-2.02%
12 Lombard Staked Bitcoin LBTC $ 73,845.63
$ 782.14M
$ 782.14 million
-2.18%
13 Mantle Staked Ether METH $ 2,205.38
$ 455.81M
$ 455.81 million
-1.84%
14 tBTC v2 TBTC $ 73,607.60
$ 353.24M
$ 353.24 million
-2.14%
15 Binance-Peg XRP Token XRP $ 1.32
$ 301.43M
$ 301.43 million
-0.62%
16 Bitcoin Avalanche Bridged BTC.b $ 73,558.60
$ 282.75M
$ 282.75 million
-2.12%
17 Coinbase Wrapped Staked ETH CBETH $ 2,280.65
$ 266.54M
$ 266.54 million
-2.16%
18 Marinade staked SOL MSOL $ 113.86
$ 264.01M
$ 264.01 million
-1.31%
19 Wrapped Centrifuge CFG $ 0.283
$ 163.62M
$ 163.62 million
-7.07%
20 Wrapped AVAX WAVAX $ 8.95
$ 144.31M
$ 144.31 million
-2.62%
21 Wrapped Solana SOL $ 82.42
$ 123.64M
$ 123.64 million
-1.60%
22 Coinbase Wrapped XRP CBXRP $ 1.32
$ 100.45M
$ 100.45 million
-0.83%
23 Wrapped NXM WNXM $ 52.00
$ 22.31M
$ 22.31 million
-4.28%
24 Wrapped Matic WMATIC $ 0.0879
$ 12.52M
$ 12.52 million
-2.82%
25 renBTC RENBTC $ 15,449.83
$ 4.70M
$ 4.70 million
-22.97%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.43M
$ 2.43 million
+0.20%
27 Wrapped NCG WNCG $ 0.00693
$ 2.22M
$ 2.22 million
-10.29%

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

28 Ethena Staked USDe sUSDe $ 3.33
$ 10.37B
$ 10.37 billion
-0.69%
29 Wrapped TRON WTRX $ 0.353
$ 1.40B
$ 1.40 billion
-4.36%
30 Binance Staked SOL BNSOL $ 91.77
$ 912.90M
$ 912.90 million
-1.70%
31 Solv BTC SOLVBTC $ 73,368.16
$ 464.93M
$ 464.93 million
-2.32%
32 Jupiter Staked SOL JUPSOL $ 97.85
$ 419.66M
$ 419.66 million
-1.66%
33 BybitSOL BBSOL $ 94.99
$ 116.30M
$ 116.30 million
-1.67%
34 Wrapped TAO WTAO $ 263.76
$ 27.87M
$ 27.87 million
-3.00%
35 ckBTC ckBTC $ 73,001.89
$ 14.04M
$ 14.04 million
-2.95%
36 ckUSDC CKUSDC $ 0.997
$ 2.04M
$ 2.04 million
-0.45%
37 ckETH ckETH $ 1,998.73
$ 1.24M
$ 1.24 million
-2.94%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,474.70
$ 67.02T
$ 67.02 trillion
+0.67%
39 Wrapped BTC (BitGo) WBTC $ 73,095.46
$ 8.65B
$ 8.65 billion
-2.57%
40 USDC (BASE) USDC $ 0.991
$ 4.30B
$ 4.30 billion
-1.15%
41 Wrapped Binance Beacon ETH WBETH $ 2,214.15
$ 2.74B
$ 2.74 billion
-2.27%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.11%
43 USDC (Avalance) USDC $ 0.998
$ 720.05M
$ 720.05 million
+0.28%
44 Wrapped BTC (Wormhole) WBTC $ 73,417.12
$ 220.98M
$ 220.98 million
-2.05%
45 Binance Wrapped BTC BBTC $ 73,651.32
$ 213.59M
$ 213.59 million
-1.77%
46 Gate Wrapped BTC GTBTC $ 73,853.85
$ 169.83M
$ 169.83 million
-2.27%
47 TRON peg TRX $ 0.353
$ 105.33M
$ 105.33 million
-3.68%
48 Wrapped Fantom WFTM $ 0.0477
$ 104.33M
$ 104.33 million
-0.12%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,144.37
$ 67.36M
$ 67.36 million
-1.38%
50 Wrapped DAG WDAG $ 0.0131
$ 48.69M
$ 48.69 million
-3.24%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.21%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.43M
$ 2.43 million
+0.20%
Binance-Peg XRP Token XRP $ 1.32
$ 301.43M
$ 301.43 million
-0.62%
Coinbase Wrapped XRP CBXRP $ 1.32
$ 100.45M
$ 100.45 million
-0.83%
Marinade staked SOL MSOL $ 113.86
$ 264.01M
$ 264.01 million
-1.31%
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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