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 $ 1,971.17
$ 17.38B
$ 17.38 billion
-4.89%
2 Wrapped BTC WBTC $ 67,426.26
$ 9.27B
$ 9.27 billion
-4.26%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.00%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,418.23
$ 7.72B
$ 7.72 billion
-4.82%
5 Wrapped eETH weETH $ 2,146.29
$ 6.10B
$ 6.10 billion
-4.94%
6 Wrapped Ether WETH $ 1,971.42
$ 5.24B
$ 5.24 billion
-4.85%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.07%
8 Coinbase Wrapped BTC CBBTC $ 67,609.10
$ 2.97B
$ 2.97 billion
-4.28%
9 Bitcoin BEP2 BTCB $ 67,652.38
$ 2.84B
$ 2.84 billion
-4.20%
10 Jito Staked SOL JITOSOL $ 106.27
$ 1.19B
$ 1.19 billion
-4.65%
11 Wrapped BNB WBNB $ 626.40
$ 882.45M
$ 882.45 million
-2.83%
12 Rocket Pool ETH RETH $ 2,285.54
$ 820.25M
$ 820.25 million
-4.93%
13 Lombard Staked Bitcoin LBTC $ 68,041.32
$ 719.27M
$ 719.27 million
-3.88%
14 Solv BTC SOLVBTC $ 67,442.13
$ 434.96M
$ 434.96 million
-4.20%
15 tBTC v2 TBTC $ 67,506.24
$ 399.16M
$ 399.16 million
-4.40%
16 Marinade staked SOL MSOL $ 114.52
$ 289.82M
$ 289.82 million
-4.66%
17 Coinbase Wrapped Staked ETH CBETH $ 2,217.01
$ 278.74M
$ 278.74 million
-4.77%
18 Bitcoin Avalanche Bridged BTC.b $ 67,881.70
$ 260.93M
$ 260.93 million
-3.26%
19 Wrapped Solana SOL $ 84.05
$ 157.11M
$ 157.11 million
-4.46%
20 Wrapped AVAX WAVAX $ 8.99
$ 148.81M
$ 148.81 million
-3.74%
21 BybitSOL BBSOL $ 95.47
$ 113.27M
$ 113.27 million
-4.29%
22 Wrapped Centrifuge CFG $ 0.145
$ 83.42M
$ 83.42 million
-4.59%
23 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.94M
$ 28.94 million
-3.02%
24 Wrapped Matic WMATIC $ 0.0976
$ 13.88M
$ 13.88 million
-4.61%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.06%
26 Wrapped NCG WNCG $ 0.00530
$ 1.70M
$ 1.70 million
-1.92%

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

27 Binance Staked SOL BNSOL $ 92.56
$ 907.33M
$ 907.33 million
-4.59%
28 Mantle Staked Ether METH $ 2,144.36
$ 456.57M
$ 456.57 million
-4.94%
29 Jupiter Staked SOL JUPSOL $ 101.03
$ 423.13M
$ 423.13 million
-2.20%
30 Binance-Peg XRP Token XRP $ 1.37
$ 335.37M
$ 335.37 million
-2.61%
31 ckBTC ckBTC $ 67,966.85
$ 32.08M
$ 32.08 million
-5.56%
32 Wrapped NXM WNXM $ 51.65
$ 24.97M
$ 24.97 million
-2.42%
33 Wrapped TAO WTAO $ 176.63
$ 20.92M
$ 20.92 million
-3.40%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.56%
35 ckETH ckETH $ 1,974.95
$ 1.22M
$ 1.22 million
-6.30%
36 renBTC RENBTC $ 3,076.52
$ 936,795
$ 936,795
-1.94%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,970.33
$ 44.44T
$ 44.44 trillion
-1.11%
38 Wrapped DOGE WDOGE $ 0.101
$ 12.99B
$ 12.99 billion
-5.96%
39 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.52%
40 Wrapped Binance Beacon ETH WBETH $ 2,150.02
$ 2.80B
$ 2.80 billion
-4.84%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.03%
42 USDC (Avalance) USDC $ 1.000
$ 721.25M
$ 721.25 million
-0.39%
43 Wrapped BTC (Wormhole) WBTC $ 67,470.26
$ 269.70M
$ 269.70 million
-4.24%
44 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 2.06
$ 218.96M
$ 218.96 million
+80.02%
45 Binance Wrapped BTC BBTC $ 67,866.96
$ 196.81M
$ 196.81 million
-3.93%
46 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 2.14
$ 170.85M
$ 170.85 million
+86.47%
47 Gate Wrapped BTC GTBTC $ 67,805.60
$ 155.93M
$ 155.93 million
-4.17%
48 TRON peg TRX $ 0.285
$ 85.01M
$ 85.01 million
-0.38%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,107.44
$ 66.20M
$ 66.20 million
-4.36%
50 Binance-Peg Bitcoin Cash Token BCH $ 464.45
$ 44.82M
$ 44.82 million
+1.34%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.07%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.00%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.06%
Wrapped NCG WNCG $ 0.00530
$ 1.70M
$ 1.70 million
-1.92%
Wrapped BNB WBNB $ 626.40
$ 882.45M
$ 882.45 million
-2.83%
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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