Wrapped coins 3 coins
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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 $ 2,101.78 $ 18.54B
$ 18.54 billion -0.48% 2 Wrapped BTC WBTC $ 71,024.59 $ 9.76B
$ 9.76 billion -0.27% 3 Binance-Peg BSC-USD BSC-USD $ 0.999 $ 8.98B
$ 8.98 billion -0.07% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,582.36 $ 8.24B
$ 8.24 billion -0.65% 5 Wrapped eETH weETH $ 2,289.50 $ 6.51B
$ 6.51 billion -0.50% 6 Wrapped Ether WETH $ 2,104.26 $ 5.59B
$ 5.59 billion -0.53% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.03% 8 Coinbase Wrapped BTC CBBTC $ 71,200.81 $ 3.13B
$ 3.13 billion -0.28% 9 Bitcoin BEP2 BTCB $ 71,182.52 $ 2.99B
$ 2.99 billion -0.26% 10 Jito Staked SOL JITOSOL $ 112.23 $ 1.26B
$ 1.26 billion -0.91% 11 Binance Staked SOL BNSOL $ 97.59 $ 957.34M
$ 957.34 million -0.87% 12 Wrapped BNB WBNB $ 656.92 $ 925.73M
$ 925.73 million -0.51% 13 Lombard Staked Bitcoin LBTC $ 71,161.35 $ 755.13M
$ 755.13 million -0.72% 14 Mantle Staked Ether METH $ 2,278.51 $ 485.14M
$ 485.14 million -0.96% 15 tBTC v2 TBTC $ 71,063.42 $ 420.19M
$ 420.19 million -0.23% 16 Binance-Peg XRP Token XRP $ 1.40 $ 343.27M
$ 343.27 million -0.66% 17 Coinbase Wrapped Staked ETH CBETH $ 2,367.70 $ 297.71M
$ 297.71 million -0.41% 18 Bitcoin Avalanche Bridged BTC.b $ 70,952.99 $ 272.74M
$ 272.74 million -0.73% 19 Marinade staked SOL MSOL $ 120.80 $ 251.75M
$ 251.75 million -0.82% 20 Wrapped Solana SOL $ 88.64 $ 165.68M
$ 165.68 million -0.91% 21 Wrapped AVAX WAVAX $ 9.73 $ 137.13M
$ 137.13 million -2.04% 22 BybitSOL BBSOL $ 100.84 $ 117.98M
$ 117.98 million -0.84% 23 Wrapped Centrifuge CFG $ 0.122 $ 70.22M
$ 70.22 million -2.14% 24 Coinbase Wrapped XRP CBXRP $ 1.40 $ 29.70M
$ 29.70 million -0.67% 25 Wrapped NXM WNXM $ 53.97 $ 26.10M
$ 26.10 million +0.04% 26 Wrapped Matic WMATIC $ 0.0965 $ 13.73M
$ 13.73 million -2.34% 27 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.04% 28 Wrapped NCG WNCG $ 0.00543 $ 1.74M
$ 1.74 million +1.12%
The coins below are ranked lower due to missing data.
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29 Rocket Pool ETH RETH $ 2,434.71 $ 873.78M
$ 873.78 million -0.59% 30 Solv BTC SOLVBTC $ 71,042.53 $ 456.54M
$ 456.54 million +0.03% 31 Jupiter Staked SOL JUPSOL $ 103.98 $ 378.55M
$ 378.55 million -0.94% 32 ckBTC ckBTC $ 72,129.57 $ 34.05M
$ 34.05 million +2.91% 33 Wrapped TAO WTAO $ 246.74 $ 29.22M
$ 29.22 million +7.25% 34 ckUSDC CKUSDC $ 1.01 $ 1.87M
$ 1.87 million +1.28% 35 ckETH ckETH $ 2,121.98 $ 1.31M
$ 1.31 million +1.63% 36 renBTC RENBTC $ 4,134.56 $ 1.26M
$ 1.26 million +6.05% 37 ckOCT CKOCT $ 0.00518 $ 91.75T
$ 91.75 trillion +12.47% 38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,151.40 $ 46.06T
$ 46.06 trillion +1.54% 39 Wrapped BTC (BitGo) WBTC $ 70,870.70 $ 8.48B
$ 8.48 billion -0.50% 40 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.11% 41 Wrapped Binance Beacon ETH WBETH $ 2,297.07 $ 2.99B
$ 2.99 billion -0.47% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.998 $ 1.29B
$ 1.29 billion -0.04% 43 USDC (Avalance) USDC $ 1.000 $ 720.82M
$ 720.82 million +0.04% 44 Wrapped BTC (Wormhole) WBTC $ 71,070.37 $ 284.09M
$ 284.09 million -0.15% 45 Binance Wrapped BTC BBTC $ 71,043.03 $ 206.02M
$ 206.02 million -0.45% 46 Gate Wrapped BTC GTBTC $ 71,469.22 $ 164.35M
$ 164.35 million -0.17% 47 TRON peg TRX $ 0.293 $ 87.66M
$ 87.66 million +1.09% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,231.59 $ 70.10M
$ 70.10 million -0.85% 49 Binance-Peg Bitcoin Cash Token BCH $ 475.63 $ 45.90M
$ 45.90 million +1.86% 50 Wrapped BTC WBTC.E $ 70,740.37 $ 30.98M
$ 30.98 million -0.67%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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