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 $ 2,082.93
$ 18.37B
$ 18.37 billion
-1.07%
2 Wrapped BTC WBTC $ 70,575.48
$ 9.70B
$ 9.70 billion
-0.65%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.03%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,558.51
$ 8.17B
$ 8.17 billion
-1.08%
5 Wrapped eETH weETH $ 2,270.13
$ 6.45B
$ 6.45 billion
-1.07%
6 Wrapped Ether WETH $ 2,085.29
$ 5.54B
$ 5.54 billion
-1.03%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.00%
8 Coinbase Wrapped BTC CBBTC $ 70,740.34
$ 3.11B
$ 3.11 billion
-0.64%
9 Bitcoin BEP2 BTCB $ 70,707.99
$ 2.97B
$ 2.97 billion
-0.66%
10 Jito Staked SOL JITOSOL $ 110.25
$ 1.24B
$ 1.24 billion
-1.82%
11 Binance Staked SOL BNSOL $ 96.08
$ 941.87M
$ 941.87 million
-1.73%
12 Wrapped BNB WBNB $ 653.78
$ 921.18M
$ 921.18 million
-0.54%
13 Lombard Staked Bitcoin LBTC $ 70,923.58
$ 752.59M
$ 752.59 million
-0.72%
14 Solv BTC SOLVBTC $ 70,457.88
$ 455.98M
$ 455.98 million
-0.97%
15 tBTC v2 TBTC $ 70,692.99
$ 417.98M
$ 417.98 million
-0.62%
16 Coinbase Wrapped Staked ETH CBETH $ 2,345.20
$ 294.86M
$ 294.86 million
-1.19%
17 Bitcoin Avalanche Bridged BTC.b $ 70,600.05
$ 271.38M
$ 271.38 million
-0.90%
18 Marinade staked SOL MSOL $ 118.67
$ 247.32M
$ 247.32 million
-1.93%
19 Wrapped Solana SOL $ 87.10
$ 162.76M
$ 162.76 million
-1.86%
20 Wrapped AVAX WAVAX $ 9.57
$ 134.91M
$ 134.91 million
-2.11%
21 BybitSOL BBSOL $ 98.88
$ 115.62M
$ 115.62 million
-2.31%
22 Wrapped Centrifuge CFG $ 0.121
$ 69.85M
$ 69.85 million
-2.31%
23 Wrapped NXM WNXM $ 54.09
$ 26.16M
$ 26.16 million
-0.05%
24 Wrapped Matic WMATIC $ 0.0958
$ 13.64M
$ 13.64 million
-0.32%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.02%

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

26 Rocket Pool ETH RETH $ 2,415.24
$ 866.78M
$ 866.78 million
-0.97%
27 Mantle Staked Ether METH $ 2,269.00
$ 483.13M
$ 483.13 million
-0.81%
28 Jupiter Staked SOL JUPSOL $ 102.21
$ 372.11M
$ 372.11 million
-1.86%
29 Binance-Peg XRP Token XRP $ 1.39
$ 341.78M
$ 341.78 million
-0.54%
30 ckBTC ckBTC $ 70,016.48
$ 33.05M
$ 33.05 million
-1.30%
31 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.57M
$ 29.57 million
-0.58%
32 Wrapped TAO WTAO $ 242.64
$ 28.73M
$ 28.73 million
+4.33%
33 Wrapped NCG WNCG $ 0.00548
$ 1.76M
$ 1.76 million
+1.35%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+0.57%
35 ckETH ckETH $ 2,069.85
$ 1.28M
$ 1.28 million
-1.63%
36 renBTC RENBTC $ 4,143.01
$ 1.26M
$ 1.26 million
-1.43%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,109.85
$ 45.69T
$ 45.69 trillion
-0.81%
38 Wrapped BTC (BitGo) WBTC $ 70,543.31
$ 8.44B
$ 8.44 billion
-0.98%
39 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.01%
40 Wrapped Binance Beacon ETH WBETH $ 2,276.07
$ 2.96B
$ 2.96 billion
-1.05%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.02%
42 USDC (Avalance) USDC $ 0.998
$ 719.68M
$ 719.68 million
-0.20%
43 Wrapped BTC (Wormhole) WBTC $ 70,564.66
$ 282.07M
$ 282.07 million
-0.65%
44 Binance Wrapped BTC BBTC $ 70,713.64
$ 205.07M
$ 205.07 million
-0.65%
45 Gate Wrapped BTC GTBTC $ 70,894.41
$ 163.03M
$ 163.03 million
-0.72%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
-0.00%
47 TRON peg TRX $ 0.298
$ 88.93M
$ 88.93 million
+2.24%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,214.24
$ 69.55M
$ 69.55 million
-1.13%
49 Binance-Peg Bitcoin Cash Token BCH $ 458.83
$ 44.28M
$ 44.28 million
-1.68%
50 Wrapped BTC WBTC.E $ 70,506.70
$ 30.88M
$ 30.88 million
-0.67%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.00%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.02%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.03%
Wrapped NXM WNXM $ 54.09
$ 26.16M
$ 26.16 million
-0.05%
Wrapped Matic WMATIC $ 0.0958
$ 13.64M
$ 13.64 million
-0.32%
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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