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 $ 2,019.86
$ 17.81B
$ 17.81 billion
+4.99%
2 Wrapped BTC WBTC $ 67,259.76
$ 9.24B
$ 9.24 billion
+2.62%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.05%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,471.65
$ 7.89B
$ 7.89 billion
+4.73%
5 Wrapped eETH weETH $ 2,197.80
$ 6.25B
$ 6.25 billion
+4.82%
6 Wrapped Ether WETH $ 2,020.97
$ 5.37B
$ 5.37 billion
+4.82%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.03%
8 Coinbase Wrapped BTC CBBTC $ 67,414.20
$ 2.96B
$ 2.96 billion
+2.53%
9 Bitcoin BEP2 BTCB $ 67,491.61
$ 2.63B
$ 2.63 billion
+2.90%
10 Jito Staked SOL JITOSOL $ 110.89
$ 1.25B
$ 1.25 billion
+7.50%
11 Wrapped BNB WBNB $ 630.38
$ 888.53M
$ 888.53 million
+2.96%
12 Lombard Staked Bitcoin LBTC $ 67,508.55
$ 713.65M
$ 713.65 million
+2.12%
13 Mantle Staked Ether METH $ 2,183.68
$ 464.94M
$ 464.94 million
+4.53%
14 tBTC v2 TBTC $ 67,107.06
$ 396.80M
$ 396.80 million
+1.75%
15 Binance-Peg XRP Token XRP $ 1.41
$ 346.89M
$ 346.89 million
+4.43%
16 Marinade staked SOL MSOL $ 119.43
$ 302.22M
$ 302.22 million
+7.46%
17 Coinbase Wrapped Staked ETH CBETH $ 2,267.45
$ 284.82M
$ 284.82 million
+4.74%
18 Wrapped Solana SOL $ 87.91
$ 164.31M
$ 164.31 million
+7.64%
19 Wrapped AVAX WAVAX $ 9.29
$ 153.64M
$ 153.64 million
+3.40%
20 BybitSOL BBSOL $ 99.90
$ 118.46M
$ 118.46 million
+7.71%
21 Wrapped Centrifuge CFG $ 0.146
$ 82.04M
$ 82.04 million
+34.92%
22 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.03M
$ 30.03 million
+4.02%
23 Wrapped Matic WMATIC $ 0.111
$ 15.73M
$ 15.73 million
+3.30%
24 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.03%
25 Wrapped NCG WNCG $ 0.00542
$ 1.74M
$ 1.74 million
-3.18%

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

26 Wrapped TRON WTRX $ 0.282
$ 3.61B
$ 3.61 billion
-0.17%
27 Binance Staked SOL BNSOL $ 96.45
$ 946.19M
$ 946.19 million
+7.34%
28 Rocket Pool ETH RETH $ 2,334.88
$ 837.75M
$ 837.75 million
+4.63%
29 Jupiter Staked SOL JUPSOL $ 102.87
$ 430.11M
$ 430.11 million
+7.36%
30 Solv BTC SOLVBTC $ 67,314.11
$ 428.25M
$ 428.25 million
+2.75%
31 Bitcoin Avalanche Bridged BTC.b $ 67,456.76
$ 259.28M
$ 259.28 million
+2.96%
32 ckBTC ckBTC $ 69,151.69
$ 32.64M
$ 32.64 million
+5.14%
33 Wrapped NXM WNXM $ 51.01
$ 24.66M
$ 24.66 million
+3.95%
34 Wrapped TAO WTAO $ 182.68
$ 21.63M
$ 21.63 million
+7.49%
35 ckUSDC CKUSDC $ 1.09
$ 2.03M
$ 2.03 million
+9.77%
36 ckETH ckETH $ 2,027.98
$ 1.25M
$ 1.25 million
+5.32%
37 renBTC RENBTC $ 3,138.68
$ 955,722
$ 955,722
+2.08%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,374.95
$ 39.12T
$ 39.12 trillion
-14.58%
39 Wrapped DOGE WDOGE $ 0.110
$ 14.11B
$ 14.11 billion
+0.10%
40 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
+2.26%
41 Wrapped Binance Beacon ETH WBETH $ 2,203.51
$ 2.87B
$ 2.87 billion
+5.03%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.02%
43 USDC (Avalance) USDC $ 1.00
$ 721.62M
$ 721.62 million
-0.08%
44 Wrapped BTC (Wormhole) WBTC $ 67,224.00
$ 268.72M
$ 268.72 million
+2.58%
45 Binance Wrapped BTC BBTC $ 67,338.90
$ 195.28M
$ 195.28 million
+2.58%
46 Gate Wrapped BTC GTBTC $ 67,799.34
$ 155.91M
$ 155.91 million
+2.92%
47 TRON peg TRX $ 0.283
$ 84.40M
$ 84.40 million
-0.07%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,169.65
$ 68.15M
$ 68.15 million
+6.61%
49 Binance-Peg Bitcoin Cash Token BCH $ 461.18
$ 44.50M
$ 44.50 million
-0.34%
50 Wrapped BTC WBTC.E $ 67,431.52
$ 29.54M
$ 29.54 million
+3.44%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.146
$ 82.04M
$ 82.04 million
+34.92%
BybitSOL BBSOL $ 99.90
$ 118.46M
$ 118.46 million
+7.71%
Wrapped Solana SOL $ 87.91
$ 164.31M
$ 164.31 million
+7.64%
Jito Staked SOL JITOSOL $ 110.89
$ 1.25B
$ 1.25 billion
+7.50%
Marinade staked SOL MSOL $ 119.43
$ 302.22M
$ 302.22 million
+7.46%
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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