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 $ 2,158.91
$ 19.04B
$ 19.04 billion
+4.46%
2 Wrapped BTC WBTC $ 70,634.19
$ 9.71B
$ 9.71 billion
+3.46%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.17%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,655.62
$ 8.48B
$ 8.48 billion
+4.46%
5 Wrapped eETH weETH $ 2,352.29
$ 6.69B
$ 6.69 billion
+4.33%
6 Wrapped Ether WETH $ 2,159.59
$ 5.74B
$ 5.74 billion
+4.41%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.04%
8 Coinbase Wrapped BTC CBBTC $ 70,749.99
$ 3.11B
$ 3.11 billion
+3.41%
9 Bitcoin BEP2 BTCB $ 70,673.28
$ 2.97B
$ 2.97 billion
+3.30%
10 Jito Staked SOL JITOSOL $ 115.91
$ 1.31B
$ 1.31 billion
+5.27%
11 Wrapped BNB WBNB $ 636.65
$ 897.18M
$ 897.18 million
+1.11%
12 Rocket Pool ETH RETH $ 2,498.52
$ 896.68M
$ 896.68 million
+4.23%
13 Lombard Staked Bitcoin LBTC $ 71,031.19
$ 753.40M
$ 753.40 million
+3.64%
14 Mantle Staked Ether METH $ 2,345.74
$ 499.44M
$ 499.44 million
+4.44%
15 Solv BTC SOLVBTC $ 70,689.40
$ 463.13M
$ 463.13 million
+3.46%
16 tBTC v2 TBTC $ 70,706.56
$ 418.08M
$ 418.08 million
+3.48%
17 Binance-Peg XRP Token XRP $ 1.43
$ 323.37M
$ 323.37 million
+3.57%
18 Coinbase Wrapped Staked ETH CBETH $ 2,430.35
$ 292.16M
$ 292.16 million
+4.38%
19 Bitcoin Avalanche Bridged BTC.b $ 70,755.98
$ 271.98M
$ 271.98 million
+3.53%
20 Marinade staked SOL MSOL $ 125.32
$ 261.16M
$ 261.16 million
+5.46%
21 Wrapped Solana SOL $ 91.46
$ 137.19M
$ 137.19 million
+5.05%
22 Wrapped AVAX WAVAX $ 9.51
$ 134.13M
$ 134.13 million
+5.04%
23 BybitSOL BBSOL $ 104.44
$ 114.03M
$ 114.03 million
+5.36%
24 Wrapped Centrifuge CFG $ 0.133
$ 77.03M
$ 77.03 million
+1.09%
25 Coinbase Wrapped XRP CBXRP $ 1.44
$ 30.65M
$ 30.65 million
+3.95%
26 Wrapped Matic WMATIC $ 0.0966
$ 13.74M
$ 13.74 million
+4.09%
27 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.08%
28 Wrapped NCG WNCG $ 0.00538
$ 1.72M
$ 1.72 million
+1.51%

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

29 Binance Staked SOL BNSOL $ 100.96
$ 861.51M
$ 861.51 million
+5.17%
30 Jupiter Staked SOL JUPSOL $ 106.64
$ 388.40M
$ 388.40 million
+4.28%
31 Wrapped TAO WTAO $ 289.64
$ 34.29M
$ 34.29 million
+8.13%
32 ckBTC ckBTC $ 70,577.02
$ 33.35M
$ 33.35 million
+4.72%
33 Wrapped NXM WNXM $ 54.46
$ 26.33M
$ 26.33 million
+2.42%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.06%
35 renBTC RENBTC $ 4,455.30
$ 1.36M
$ 1.36 million
+2.39%
36 ckETH ckETH $ 2,152.88
$ 1.33M
$ 1.33 million
+4.76%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,697.24
$ 42.00T
$ 42.00 trillion
-0.57%
38 Wrapped BTC (BitGo) WBTC $ 70,527.84
$ 8.44B
$ 8.44 billion
+3.64%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.12%
40 Wrapped Binance Beacon ETH WBETH $ 2,360.64
$ 3.07B
$ 3.07 billion
+4.44%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.29%
42 USDC (Avalance) USDC $ 1.00
$ 722.70M
$ 722.70 million
+0.03%
43 Wrapped BTC (Wormhole) WBTC $ 70,492.30
$ 260.98M
$ 260.98 million
+3.31%
44 Binance Wrapped BTC BBTC $ 70,817.05
$ 205.37M
$ 205.37 million
+3.68%
45 Gate Wrapped BTC GTBTC $ 70,981.90
$ 163.23M
$ 163.23 million
+3.47%
46 TRON peg TRX $ 0.305
$ 90.96M
$ 90.96 million
-4.27%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,288.86
$ 71.90M
$ 71.90 million
+3.26%
48 Binance-Peg Bitcoin Cash Token BCH $ 478.90
$ 46.21M
$ 46.21 million
+2.62%
49 Wrapped DAG WDAG $ 0.0102
$ 37.79M
$ 37.79 million
-2.58%
50 Wrapped BTC WBTC.E $ 70,615.69
$ 30.93M
$ 30.93 million
+3.53%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Marinade staked SOL MSOL $ 125.32
$ 261.16M
$ 261.16 million
+5.46%
BybitSOL BBSOL $ 104.44
$ 114.03M
$ 114.03 million
+5.36%
Jito Staked SOL JITOSOL $ 115.91
$ 1.31B
$ 1.31 billion
+5.27%
Wrapped Solana SOL $ 91.46
$ 137.19M
$ 137.19 million
+5.05%
Wrapped AVAX WAVAX $ 9.51
$ 134.13M
$ 134.13 million
+5.04%
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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