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 $ 2,083.55 $ 18.37B
$ 18.37 billion -3.26% 2 Wrapped BTC WBTC $ 68,705.79 $ 9.44B
$ 9.44 billion -2.50% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 8.99B
$ 8.99 billion -0.05% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,565.05 $ 8.20B
$ 8.20 billion -3.03% 5 Wrapped eETH weETH $ 2,278.83 $ 6.48B
$ 6.48 billion -3.09% 6 Wrapped Ether WETH $ 2,083.79 $ 5.54B
$ 5.54 billion -3.27% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion -0.04% 8 Coinbase Wrapped BTC CBBTC $ 68,870.87 $ 3.03B
$ 3.03 billion -2.43% 9 Bitcoin BEP2 BTCB $ 68,847.84 $ 2.89B
$ 2.89 billion -2.51% 10 Jito Staked SOL JITOSOL $ 110.74 $ 1.24B
$ 1.24 billion -3.03% 11 Wrapped BNB WBNB $ 630.30 $ 888.25M
$ 888.25 million -2.00% 12 Rocket Pool ETH RETH $ 2,428.12 $ 871.41M
$ 871.41 million -2.85% 13 Lombard Staked Bitcoin LBTC $ 69,165.44 $ 733.72M
$ 733.72 million -2.41% 14 Solv BTC SOLVBTC $ 68,991.64 $ 453.31M
$ 453.31 million -2.37% 15 tBTC v2 TBTC $ 68,826.74 $ 407.01M
$ 407.01 million -2.68% 16 Binance-Peg XRP Token XRP $ 1.40 $ 315.57M
$ 315.57 million -3.27% 17 Coinbase Wrapped Staked ETH CBETH $ 2,348.49 $ 282.27M
$ 282.27 million -3.09% 18 Bitcoin Avalanche Bridged BTC.b $ 68,914.07 $ 264.90M
$ 264.90 million -2.44% 19 Marinade staked SOL MSOL $ 119.64 $ 249.33M
$ 249.33 million -2.86% 20 Wrapped Solana SOL $ 87.22 $ 130.83M
$ 130.83 million -3.21% 21 Wrapped AVAX WAVAX $ 9.17 $ 129.32M
$ 129.32 million -4.25% 22 BybitSOL BBSOL $ 99.20 $ 108.31M
$ 108.31 million -3.21% 23 Wrapped Centrifuge CFG $ 0.135 $ 78.16M
$ 78.16 million -6.72% 24 Wrapped TAO WTAO $ 273.40 $ 32.37M
$ 32.37 million +0.60% 25 Coinbase Wrapped XRP CBXRP $ 1.40 $ 29.84M
$ 29.84 million -3.22% 26 Wrapped Matic WMATIC $ 0.0939 $ 13.36M
$ 13.36 million -3.12% 27 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.02% 28 Wrapped NCG WNCG $ 0.00533 $ 1.71M
$ 1.71 million -0.48%
The coins below are ranked lower due to missing data.
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29 Binance Staked SOL BNSOL $ 96.10 $ 820.12M
$ 820.12 million -3.17% 30 Mantle Staked Ether METH $ 2,270.13 $ 483.39M
$ 483.39 million -2.92% 31 Jupiter Staked SOL JUPSOL $ 102.78 $ 374.19M
$ 374.19 million -2.94% 32 ckBTC ckBTC $ 68,861.30 $ 32.50M
$ 32.50 million -1.42% 33 Wrapped NXM WNXM $ 53.51 $ 25.85M
$ 25.85 million -2.14% 34 ckUSDC CKUSDC $ 0.998 $ 1.58M
$ 1.58 million +0.21% 35 renBTC RENBTC $ 4,277.34 $ 1.30M
$ 1.30 million -2.07% 36 ckETH ckETH $ 2,095.65 $ 1.30M
$ 1.30 million -1.95% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,680.85 $ 41.85T
$ 41.85 trillion -0.33% 38 ckOCT CKOCT $ 0.00235 $ 41.60T
$ 41.60 trillion -1.73% 39 Wrapped BTC (BitGo) WBTC $ 68,853.87 $ 8.24B
$ 8.24 billion -2.44% 40 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.03% 41 Wrapped Binance Beacon ETH WBETH $ 2,277.60 $ 2.96B
$ 2.96 billion -3.24% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion -0.11% 43 USDC (Avalance) USDC $ 0.999 $ 720.60M
$ 720.60 million -0.06% 44 Wrapped BTC (Wormhole) WBTC $ 68,834.19 $ 254.84M
$ 254.84 million -2.43% 45 Binance Wrapped BTC BBTC $ 69,015.37 $ 200.14M
$ 200.14 million -2.40% 46 Gate Wrapped BTC GTBTC $ 69,001.54 $ 158.68M
$ 158.68 million -2.68% 47 TRON peg TRX $ 0.309 $ 92.35M
$ 92.35 million -0.13% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,240.06 $ 70.36M
$ 70.36 million -2.74% 49 Binance-Peg Bitcoin Cash Token BCH $ 456.14 $ 44.02M
$ 44.02 million -2.98% 50 Wrapped BTC WBTC.E $ 68,798.22 $ 30.13M
$ 30.13 million -2.45%
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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