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 $ 2,007.49
$ 17.71B
$ 17.71 billion
+3.65%
2 Wrapped BTC WBTC $ 68,249.06
$ 9.38B
$ 9.38 billion
+1.97%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.13%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,463.06
$ 7.86B
$ 7.86 billion
+3.06%
5 Wrapped eETH weETH $ 2,186.77
$ 6.22B
$ 6.22 billion
+3.70%
6 Wrapped Ether WETH $ 2,009.11
$ 5.34B
$ 5.34 billion
+3.89%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 68,304.43
$ 3.00B
$ 3.00 billion
+1.66%
9 Bitcoin BEP2 BTCB $ 68,454.19
$ 2.88B
$ 2.88 billion
+2.01%
10 Jito Staked SOL JITOSOL $ 106.37
$ 1.20B
$ 1.20 billion
+2.27%
11 Binance Staked SOL BNSOL $ 92.89
$ 911.27M
$ 911.27 million
+3.07%
12 Wrapped BNB WBNB $ 633.59
$ 892.88M
$ 892.88 million
+2.97%
13 Rocket Pool ETH RETH $ 2,324.60
$ 833.07M
$ 833.07 million
+3.08%
14 Lombard Staked Bitcoin LBTC $ 68,220.71
$ 721.65M
$ 721.65 million
+1.07%
15 Solv BTC SOLVBTC $ 68,042.75
$ 441.51M
$ 441.51 million
+1.41%
16 tBTC v2 TBTC $ 68,287.47
$ 403.78M
$ 403.78 million
+1.58%
17 Binance-Peg XRP Token XRP $ 1.36
$ 332.57M
$ 332.57 million
+0.22%
18 Marinade staked SOL MSOL $ 114.46
$ 289.67M
$ 289.67 million
+1.91%
19 Coinbase Wrapped Staked ETH CBETH $ 2,259.57
$ 283.97M
$ 283.97 million
+3.77%
20 Bitcoin Avalanche Bridged BTC.b $ 68,126.98
$ 261.89M
$ 261.89 million
+1.24%
21 Wrapped AVAX WAVAX $ 9.12
$ 150.97M
$ 150.97 million
+1.92%
22 Wrapped Solana SOL $ 84.44
$ 126.65M
$ 126.65 million
+2.51%
23 BybitSOL BBSOL $ 96.01
$ 113.86M
$ 113.86 million
+3.24%
24 Wrapped Centrifuge CFG $ 0.136
$ 78.49M
$ 78.49 million
-6.09%
25 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.85M
$ 28.85 million
+0.43%
26 Wrapped Matic WMATIC $ 0.0977
$ 13.91M
$ 13.91 million
+3.27%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.01%
28 Wrapped NCG WNCG $ 0.00526
$ 1.68M
$ 1.68 million
-0.49%

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

29 Mantle Staked Ether METH $ 2,185.21
$ 465.33M
$ 465.33 million
+3.24%
30 Jupiter Staked SOL JUPSOL $ 98.61
$ 412.99M
$ 412.99 million
+1.74%
31 ckBTC ckBTC $ 67,404.53
$ 31.81M
$ 31.81 million
+1.12%
32 Wrapped NXM WNXM $ 51.00
$ 24.67M
$ 24.67 million
+0.64%
33 Wrapped TAO WTAO $ 195.04
$ 23.10M
$ 23.10 million
+10.18%
34 ckUSDC CKUSDC $ 0.991
$ 1.84M
$ 1.84 million
-0.27%
35 ckETH ckETH $ 1,987.96
$ 1.23M
$ 1.23 million
+2.22%
36 renBTC RENBTC $ 3,090.36
$ 941,008
$ 941,008
+2.18%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,996.71
$ 44.68T
$ 44.68 trillion
+0.83%
38 Wrapped DOGE WDOGE $ 0.107
$ 13.72B
$ 13.72 billion
+1.15%
39 USDC (BASE) USDC $ 0.997
$ 4.33B
$ 4.33 billion
-0.29%
40 Wrapped Binance Beacon ETH WBETH $ 2,191.23
$ 2.85B
$ 2.85 billion
+3.72%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.05%
42 USDC (Avalance) USDC $ 1.000
$ 721.10M
$ 721.10 million
-0.20%
43 Wrapped BTC (Wormhole) WBTC $ 68,043.34
$ 271.99M
$ 271.99 million
+1.23%
44 Binance Wrapped BTC BBTC $ 67,866.58
$ 196.81M
$ 196.81 million
+0.82%
45 Gate Wrapped BTC GTBTC $ 68,709.31
$ 158.00M
$ 158.00 million
+2.12%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.33M
$ 121.33 million
-44.59%
47 TRON peg TRX $ 0.285
$ 85.21M
$ 85.21 million
-0.54%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,117.86
$ 66.52M
$ 66.52 million
+1.98%
49 Binance-Peg Bitcoin Cash Token BCH $ 447.34
$ 43.17M
$ 43.17 million
-0.50%
50 Wrapped BTC WBTC.E $ 67,857.63
$ 29.72M
$ 29.72 million
+1.27%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Ether WETH $ 2,009.11
$ 5.34B
$ 5.34 billion
+3.89%
Coinbase Wrapped Staked ETH CBETH $ 2,259.57
$ 283.97M
$ 283.97 million
+3.77%
Wrapped eETH weETH $ 2,186.77
$ 6.22B
$ 6.22 billion
+3.70%
Lido Staked Ether stETH $ 2,007.49
$ 17.71B
$ 17.71 billion
+3.65%
Wrapped Matic WMATIC $ 0.0977
$ 13.91M
$ 13.91 million
+3.27%
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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