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 $ 2,336.62
$ 20.60B
$ 20.60 billion
+10.75%
2 Wrapped BTC WBTC $ 74,111.30
$ 10.18B
$ 10.18 billion
+3.49%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,870.31
$ 9.16B
$ 9.16 billion
+10.80%
4 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.04%
5 Wrapped eETH weETH $ 2,543.23
$ 7.23B
$ 7.23 billion
+10.71%
6 Wrapped Ether WETH $ 2,338.92
$ 6.21B
$ 6.21 billion
+10.67%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.08%
8 Coinbase Wrapped BTC CBBTC $ 74,202.82
$ 3.26B
$ 3.26 billion
+3.36%
9 Bitcoin BEP2 BTCB $ 74,255.64
$ 3.12B
$ 3.12 billion
+3.41%
10 Jito Staked SOL JITOSOL $ 119.76
$ 1.35B
$ 1.35 billion
+6.70%
11 Rocket Pool ETH RETH $ 2,706.95
$ 971.48M
$ 971.48 million
+10.57%
12 Wrapped BNB WBNB $ 679.54
$ 957.40M
$ 957.40 million
+2.61%
13 Binance Staked SOL BNSOL $ 104.55
$ 891.94M
$ 891.94 million
+7.07%
14 Lombard Staked Bitcoin LBTC $ 74,031.04
$ 785.31M
$ 785.31 million
+2.97%
15 Mantle Staked Ether METH $ 2,540.91
$ 540.99M
$ 540.99 million
+11.27%
16 Solv BTC SOLVBTC $ 73,962.90
$ 479.46M
$ 479.46 million
+3.15%
17 tBTC v2 TBTC $ 74,147.30
$ 438.42M
$ 438.42 million
+3.37%
18 Jupiter Staked SOL JUPSOL $ 111.98
$ 407.67M
$ 407.67 million
+7.60%
19 Binance-Peg XRP Token XRP $ 1.54
$ 377.50M
$ 377.50 million
+8.50%
20 Coinbase Wrapped Staked ETH CBETH $ 2,629.93
$ 316.15M
$ 316.15 million
+10.71%
21 Bitcoin Avalanche Bridged BTC.b $ 74,177.25
$ 285.13M
$ 285.13 million
+3.21%
22 Marinade staked SOL MSOL $ 128.94
$ 268.71M
$ 268.71 million
+6.72%
23 Wrapped AVAX WAVAX $ 10.29
$ 145.13M
$ 145.13 million
+5.19%
24 Wrapped Solana SOL $ 94.31
$ 141.46M
$ 141.46 million
+6.42%
25 BybitSOL BBSOL $ 107.23
$ 123.95M
$ 123.95 million
+6.57%
26 Wrapped Centrifuge CFG $ 0.197
$ 113.61M
$ 113.61 million
+66.93%
27 Wrapped TAO WTAO $ 285.45
$ 33.80M
$ 33.80 million
-0.63%
28 Coinbase Wrapped XRP CBXRP $ 1.53
$ 32.66M
$ 32.66 million
+8.34%
29 Wrapped NXM WNXM $ 58.20
$ 28.14M
$ 28.14 million
+7.43%
30 Wrapped Matic WMATIC $ 0.102
$ 14.49M
$ 14.49 million
+5.67%
31 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.05%
32 Wrapped NCG WNCG $ 0.00546
$ 1.75M
$ 1.75 million
+1.52%

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

33 ckBTC ckBTC $ 75,842.85
$ 35.80M
$ 35.80 million
+4.75%
34 ckUSDC CKUSDC $ 1.01
$ 1.60M
$ 1.60 million
+1.18%
35 ckETH ckETH $ 2,348.18
$ 1.45M
$ 1.45 million
+10.44%
36 renBTC RENBTC $ 4,403.41
$ 1.34M
$ 1.34 million
+5.99%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,369.46
$ 48.01T
$ 48.01 trillion
+3.63%
38 ckOCT CKOCT $ 0.00158
$ 27.97T
$ 27.97 trillion
+162.31%
39 Wrapped BTC (BitGo) WBTC $ 73,937.89
$ 8.85B
$ 8.85 billion
+3.60%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.09%
41 Wrapped Binance Beacon ETH WBETH $ 2,554.62
$ 3.32B
$ 3.32 billion
+10.80%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.11%
43 USDC (Avalance) USDC $ 1.000
$ 721.33M
$ 721.33 million
+0.06%
44 Wrapped BTC (Wormhole) WBTC $ 73,855.51
$ 295.23M
$ 295.23 million
+3.20%
45 Binance Wrapped BTC BBTC $ 73,941.61
$ 214.43M
$ 214.43 million
+3.48%
46 Gate Wrapped BTC GTBTC $ 74,475.90
$ 171.26M
$ 171.26 million
+3.39%
47 TRON peg TRX $ 0.298
$ 88.98M
$ 88.98 million
-0.12%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,418.53
$ 75.97M
$ 75.97 million
+8.31%
49 Binance-Peg Bitcoin Cash Token BCH $ 474.88
$ 45.83M
$ 45.83 million
+2.77%
50 Wrapped BTC WBTC.E $ 73,869.98
$ 32.36M
$ 32.36 million
+3.18%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.197
$ 113.61M
$ 113.61 million
+66.93%
Mantle Staked Ether METH $ 2,540.91
$ 540.99M
$ 540.99 million
+11.27%
Wrapped liquid staked Ether 2.0 wstETH $ 2,870.31
$ 9.16B
$ 9.16 billion
+10.80%
Lido Staked Ether stETH $ 2,336.62
$ 20.60B
$ 20.60 billion
+10.75%
Wrapped eETH weETH $ 2,543.23
$ 7.23B
$ 7.23 billion
+10.71%
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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