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 $ 2,092.53
$ 18.45B
$ 18.45 billion
-0.02%
2 Wrapped BTC WBTC $ 70,975.75
$ 9.75B
$ 9.75 billion
+0.42%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.17%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,569.64
$ 8.20B
$ 8.20 billion
-0.06%
5 Wrapped eETH weETH $ 2,275.09
$ 6.47B
$ 6.47 billion
-0.17%
6 Wrapped Ether WETH $ 2,094.82
$ 5.57B
$ 5.57 billion
-0.01%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 72,029.94
$ 3.17B
$ 3.17 billion
+1.64%
9 Bitcoin BEP2 BTCB $ 71,094.11
$ 2.99B
$ 2.99 billion
+0.34%
10 Jito Staked SOL JITOSOL $ 111.30
$ 1.25B
$ 1.25 billion
-0.40%
11 Binance Staked SOL BNSOL $ 96.99
$ 950.16M
$ 950.16 million
-0.32%
12 Wrapped BNB WBNB $ 655.82
$ 924.20M
$ 924.20 million
-0.05%
13 Lombard Staked Bitcoin LBTC $ 71,256.68
$ 755.38M
$ 755.38 million
+0.40%
14 tBTC v2 TBTC $ 71,247.31
$ 419.88M
$ 419.88 million
+0.30%
15 Coinbase Wrapped Staked ETH CBETH $ 2,357.63
$ 296.03M
$ 296.03 million
-0.09%
16 Bitcoin Avalanche Bridged BTC.b $ 71,124.68
$ 273.40M
$ 273.40 million
+0.45%
17 Marinade staked SOL MSOL $ 121.82
$ 253.88M
$ 253.88 million
+1.21%
18 Wrapped AVAX WAVAX $ 9.70
$ 136.82M
$ 136.82 million
+0.06%
19 Wrapped Solana SOL $ 88.00
$ 131.85M
$ 131.85 million
-0.42%
20 BybitSOL BBSOL $ 100.01
$ 116.31M
$ 116.31 million
+0.56%
21 Wrapped Centrifuge CFG $ 0.122
$ 70.12M
$ 70.12 million
+0.39%
22 Wrapped TAO WTAO $ 260.30
$ 30.82M
$ 30.82 million
+10.12%
23 Coinbase Wrapped XRP CBXRP $ 1.41
$ 29.85M
$ 29.85 million
+0.60%
24 Wrapped Matic WMATIC $ 0.0969
$ 13.80M
$ 13.80 million
+1.51%
25 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.04%

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

26 Rocket Pool ETH RETH $ 2,420.27
$ 868.60M
$ 868.60 million
-0.18%
27 Mantle Staked Ether METH $ 2,274.09
$ 484.15M
$ 484.15 million
+0.21%
28 Solv BTC SOLVBTC $ 61,534.66
$ 398.23M
$ 398.23 million
-12.97%
29 Jupiter Staked SOL JUPSOL $ 103.04
$ 375.13M
$ 375.13 million
-0.43%
30 Binance-Peg XRP Token XRP $ 1.41
$ 345.16M
$ 345.16 million
+0.73%
31 ckBTC ckBTC $ 70,757.50
$ 33.40M
$ 33.40 million
-0.15%
32 Wrapped NXM WNXM $ 54.06
$ 26.17M
$ 26.17 million
-1.15%
33 Wrapped NCG WNCG $ 0.00547
$ 1.75M
$ 1.75 million
+0.93%
34 ckUSDC CKUSDC $ 1.00
$ 1.59M
$ 1.59 million
-0.24%
35 ckETH ckETH $ 2,091.08
$ 1.29M
$ 1.29 million
-0.33%
36 renBTC RENBTC $ 4,158.57
$ 1.27M
$ 1.27 million
+0.92%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,135.92
$ 45.92T
$ 45.92 trillion
-0.30%
38 Wrapped BTC (BitGo) WBTC $ 70,537.01
$ 8.44B
$ 8.44 billion
-0.20%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.02%
40 Wrapped Binance Beacon ETH WBETH $ 2,231.16
$ 2.90B
$ 2.90 billion
-2.41%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.13%
42 USDC (Avalance) USDC $ 0.999
$ 720.48M
$ 720.48 million
-0.12%
43 Wrapped BTC (Wormhole) WBTC $ 70,910.77
$ 283.45M
$ 283.45 million
+0.30%
44 Binance Wrapped BTC BBTC $ 70,911.18
$ 205.64M
$ 205.64 million
+0.25%
45 Gate Wrapped BTC GTBTC $ 71,431.81
$ 164.26M
$ 164.26 million
+0.51%
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
$ 88.87M
$ 88.87 million
+1.51%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,212.13
$ 69.49M
$ 69.49 million
-0.59%
49 Binance-Peg Bitcoin Cash Token BCH $ 463.74
$ 44.75M
$ 44.75 million
+0.11%
50 Wrapped BTC WBTC.E $ 70,976.85
$ 31.09M
$ 31.09 million
+0.68%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 260.30
$ 30.82M
$ 30.82 million
+10.12%
Coinbase Wrapped BTC CBBTC $ 72,029.94
$ 3.17B
$ 3.17 billion
+1.64%
Wrapped Matic WMATIC $ 0.0969
$ 13.80M
$ 13.80 million
+1.51%
Marinade staked SOL MSOL $ 121.82
$ 253.88M
$ 253.88 million
+1.21%
Coinbase Wrapped XRP CBXRP $ 1.41
$ 29.85M
$ 29.85 million
+0.60%
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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