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 $ 2,134.99 $ 18.82B
$ 18.82 billion +2.33% 2 Wrapped BTC WBTC $ 71,777.18 $ 9.87B
$ 9.87 billion +1.70% 3 Binance-Peg BSC-USD BSC-USD $ 0.995 $ 8.95B
$ 8.95 billion -0.28% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,622.77 $ 8.37B
$ 8.37 billion +2.27% 5 Wrapped eETH weETH $ 2,326.83 $ 6.62B
$ 6.62 billion +2.39% 6 Wrapped Ether WETH $ 2,149.43 $ 5.69B
$ 5.69 billion +2.53% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.00% 8 Coinbase Wrapped BTC CBBTC $ 72,054.14 $ 3.16B
$ 3.16 billion +1.68% 9 Bitcoin BEP2 BTCB $ 71,848.70 $ 3.02B
$ 3.02 billion +1.59% 10 Jito Staked SOL JITOSOL $ 114.44 $ 1.29B
$ 1.29 billion +3.45% 11 Wrapped BNB WBNB $ 667.16 $ 938.32M
$ 938.32 million +1.75% 12 Rocket Pool ETH RETH $ 2,478.33 $ 889.43M
$ 889.43 million +2.59% 13 Binance Staked SOL BNSOL $ 100.36 $ 853.75M
$ 853.75 million +3.96% 14 Lombard Staked Bitcoin LBTC $ 72,231.42 $ 766.04M
$ 766.04 million +1.88% 15 tBTC v2 TBTC $ 71,914.59 $ 425.04M
$ 425.04 million +1.62% 16 Binance-Peg XRP Token XRP $ 1.43 $ 350.19M
$ 350.19 million +2.51% 17 Coinbase Wrapped Staked ETH CBETH $ 2,410.97 $ 302.59M
$ 302.59 million +2.50% 18 Bitcoin Avalanche Bridged BTC.b $ 71,965.70 $ 276.52M
$ 276.52 million +1.80% 19 Marinade staked SOL MSOL $ 123.20 $ 256.74M
$ 256.74 million +3.31% 20 Wrapped AVAX WAVAX $ 9.86 $ 138.81M
$ 138.81 million +2.49% 21 Wrapped Solana SOL $ 90.50 $ 135.75M
$ 135.75 million +3.58% 22 BybitSOL BBSOL $ 103.63 $ 120.31M
$ 120.31 million +4.47% 23 Wrapped Centrifuge CFG $ 0.121 $ 69.80M
$ 69.80 million -0.45% 24 Coinbase Wrapped XRP CBXRP $ 1.42 $ 30.30M
$ 30.30 million +2.36% 25 Wrapped NXM WNXM $ 54.72 $ 26.45M
$ 26.45 million +1.52% 26 Wrapped Matic WMATIC $ 0.0969 $ 13.77M
$ 13.77 million +0.68% 27 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.01% 28 Wrapped NCG WNCG $ 0.00538 $ 1.72M
$ 1.72 million -1.72%
The coins below are ranked lower due to missing data.
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29 Mantle Staked Ether METH $ 2,334.79 $ 494.84M
$ 494.84 million +2.49% 30 Solv BTC SOLVBTC $ 71,867.87 $ 465.33M
$ 465.33 million +2.11% 31 Jupiter Staked SOL JUPSOL $ 106.02 $ 385.99M
$ 385.99 million +3.32% 32 ckBTC ckBTC $ 72,186.32 $ 34.07M
$ 34.07 million +0.11% 33 Wrapped TAO WTAO $ 285.23 $ 33.78M
$ 33.78 million +15.98% 34 ckUSDC CKUSDC $ 0.995 $ 1.57M
$ 1.57 million -0.98% 35 ckETH ckETH $ 2,134.47 $ 1.32M
$ 1.32 million +0.33% 36 renBTC RENBTC $ 4,216.40 $ 1.28M
$ 1.28 million +1.56% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,181.14 $ 46.33T
$ 46.33 trillion +1.40% 38 ckOCT CKOCT $ 0.00158 $ 27.96T
$ 27.96 trillion -69.32% 39 Wrapped BTC (BitGo) WBTC $ 71,647.78 $ 8.58B
$ 8.58 billion +1.97% 40 USDC (BASE) USDC $ 1.00 $ 4.35B
$ 4.35 billion +0.25% 41 Wrapped Binance Beacon ETH WBETH $ 2,336.93 $ 3.03B
$ 3.03 billion +2.22% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.995 $ 1.29B
$ 1.29 billion -0.22% 43 USDC (Avalance) USDC $ 0.998 $ 720.06M
$ 720.06 million +0.11% 44 Wrapped BTC (Wormhole) WBTC $ 71,782.35 $ 286.94M
$ 286.94 million +1.68% 45 Binance Wrapped BTC BBTC $ 71,883.87 $ 208.46M
$ 208.46 million +1.63% 46 Gate Wrapped BTC GTBTC $ 72,291.60 $ 165.92M
$ 165.92 million +1.65% 47 TRON peg TRX $ 0.299 $ 89.44M
$ 89.44 million +0.57% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,233.00 $ 70.14M
$ 70.14 million +0.85% 49 Binance-Peg Bitcoin Cash Token BCH $ 465.73 $ 44.94M
$ 44.94 million +1.04% 50 Wrapped BTC WBTC.E $ 71,825.30 $ 31.46M
$ 31.46 million +1.69%
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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