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 $ 2,168.35
$ 19.13B
$ 19.13 billion
+3.85%
2 Wrapped BTC WBTC $ 72,428.50
$ 9.95B
$ 9.95 billion
+2.15%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.16%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,665.76
$ 8.51B
$ 8.51 billion
+3.77%
5 Wrapped eETH weETH $ 2,365.23
$ 6.73B
$ 6.73 billion
+3.88%
6 Wrapped Ether WETH $ 2,172.50
$ 5.77B
$ 5.77 billion
+3.94%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.05%
8 Coinbase Wrapped BTC CBBTC $ 72,599.89
$ 3.19B
$ 3.19 billion
+2.17%
9 Bitcoin BEP2 BTCB $ 72,573.44
$ 3.05B
$ 3.05 billion
+2.06%
10 Jito Staked SOL JITOSOL $ 116.86
$ 1.31B
$ 1.31 billion
+4.92%
11 Wrapped BNB WBNB $ 672.02
$ 946.00M
$ 946.00 million
+2.30%
12 Rocket Pool ETH RETH $ 2,529.28
$ 907.72M
$ 907.72 million
+4.33%
13 Binance Staked SOL BNSOL $ 101.56
$ 865.73M
$ 865.73 million
+4.74%
14 Lombard Staked Bitcoin LBTC $ 72,810.52
$ 772.21M
$ 772.21 million
+2.26%
15 Mantle Staked Ether METH $ 2,378.50
$ 506.26M
$ 506.26 million
+4.44%
16 tBTC v2 TBTC $ 72,556.48
$ 429.08M
$ 429.08 million
+2.15%
17 Binance-Peg XRP Token XRP $ 1.45
$ 355.59M
$ 355.59 million
+3.16%
18 Coinbase Wrapped Staked ETH CBETH $ 2,442.41
$ 306.99M
$ 306.99 million
+3.84%
19 Bitcoin Avalanche Bridged BTC.b $ 72,661.74
$ 279.27M
$ 279.27 million
+2.29%
20 Marinade staked SOL MSOL $ 126.07
$ 262.73M
$ 262.73 million
+4.89%
21 Wrapped AVAX WAVAX $ 9.93
$ 140.00M
$ 140.00 million
+2.36%
22 Wrapped Solana SOL $ 92.07
$ 138.11M
$ 138.11 million
+4.77%
23 BybitSOL BBSOL $ 105.06
$ 121.44M
$ 121.44 million
+5.20%
24 Wrapped Centrifuge CFG $ 0.122
$ 70.20M
$ 70.20 million
+0.92%
25 Coinbase Wrapped XRP CBXRP $ 1.44
$ 30.73M
$ 30.73 million
+3.06%
26 Wrapped NXM WNXM $ 55.10
$ 26.66M
$ 26.66 million
+2.07%
27 Wrapped Matic WMATIC $ 0.0976
$ 13.89M
$ 13.89 million
+1.36%
28 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.00%
29 Wrapped NCG WNCG $ 0.00538
$ 1.72M
$ 1.72 million
-1.75%

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

30 Solv BTC SOLVBTC $ 72,592.61
$ 469.54M
$ 469.54 million
+17.97%
31 Jupiter Staked SOL JUPSOL $ 108.30
$ 394.27M
$ 394.27 million
+4.72%
32 ckBTC ckBTC $ 71,522.16
$ 33.86M
$ 33.86 million
+1.89%
33 Wrapped TAO WTAO $ 285.62
$ 33.82M
$ 33.82 million
+14.76%
34 ckUSDC CKUSDC $ 0.996
$ 1.57M
$ 1.57 million
+0.26%
35 ckETH ckETH $ 2,158.85
$ 1.34M
$ 1.34 million
+2.92%
36 renBTC RENBTC $ 4,269.15
$ 1.30M
$ 1.30 million
+2.83%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,256.99
$ 47.00T
$ 47.00 trillion
+2.88%
38 ckOCT CKOCT $ 0.00158
$ 30.75T
$ 30.75 trillion
-66.27%
39 Wrapped BTC (BitGo) WBTC $ 72,765.35
$ 8.71B
$ 8.71 billion
+2.56%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.09%
41 Wrapped Binance Beacon ETH WBETH $ 2,370.27
$ 3.09B
$ 3.09 billion
+3.89%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.10%
43 USDC (Avalance) USDC $ 0.996
$ 718.66M
$ 718.66 million
-0.23%
44 Wrapped BTC (Wormhole) WBTC $ 72,417.20
$ 289.48M
$ 289.48 million
+2.06%
45 Binance Wrapped BTC BBTC $ 72,311.32
$ 209.70M
$ 209.70 million
+1.76%
46 Gate Wrapped BTC GTBTC $ 72,766.40
$ 167.33M
$ 167.33 million
+2.21%
47 TRON peg TRX $ 0.300
$ 89.48M
$ 89.48 million
+0.68%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,328.51
$ 73.14M
$ 73.14 million
+4.13%
49 Binance-Peg Bitcoin Cash Token BCH $ 465.21
$ 44.89M
$ 44.89 million
+0.32%
50 Wrapped BTC WBTC.E $ 72,386.36
$ 31.71M
$ 31.71 million
+1.93%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
BybitSOL BBSOL $ 105.06
$ 121.44M
$ 121.44 million
+5.20%
Jito Staked SOL JITOSOL $ 116.86
$ 1.31B
$ 1.31 billion
+4.92%
Marinade staked SOL MSOL $ 126.07
$ 262.73M
$ 262.73 million
+4.89%
Wrapped Solana SOL $ 92.07
$ 138.11M
$ 138.11 million
+4.77%
Binance Staked SOL BNSOL $ 101.56
$ 865.73M
$ 865.73 million
+4.74%
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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