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 $ 2,158.91 $ 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.
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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%
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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