Wrapped coins

221 coins #19

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 $ 2,180.12
$ 19.11B
$ 19.11 billion
-1.60%
2 Wrapped BTC WBTC $ 77,882.47
$ 10.70B
$ 10.70 billion
-1.31%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,690.35
$ 9.02B
$ 9.02 billion
-1.74%
4 Binance-Peg BSC-USD BSC-USD $ 0.955
$ 8.58B
$ 8.58 billion
-2.73%
5 Wrapped Ether WETH $ 2,177.87
$ 5.79B
$ 5.79 billion
-1.67%
6 Wrapped eETH weETH $ 2,385.40
$ 4.10B
$ 4.10 billion
-1.52%
7 Bitcoin BEP2 BTCB $ 75,749.84
$ 3.19B
$ 3.19 billion
-5.83%
8 Coinbase Wrapped BTC CBBTC $ 78,116.42
$ 3.11B
$ 3.11 billion
-1.33%
9 Wrapped BNB WBNB $ 642.65
$ 1.11B
$ 1.11 billion
-5.50%
10 Binance Staked SOL BNSOL $ 95.89
$ 953.04M
$ 953.04 million
-3.01%
11 Jito Staked SOL JITOSOL $ 110.34
$ 876.10M
$ 876.10 million
-3.18%
12 Rocket Pool ETH RETH $ 2,535.71
$ 845.67M
$ 845.67 million
-1.62%
13 Lombard Staked Bitcoin LBTC $ 78,342.84
$ 830.30M
$ 830.30 million
-1.39%
14 tBTC v2 TBTC $ 77,844.90
$ 396.05M
$ 396.05 million
-1.54%
15 Binance-Peg XRP Token XRP $ 1.37
$ 313.93M
$ 313.93 million
-5.50%
16 Bitcoin Avalanche Bridged BTC.b $ 78,147.89
$ 300.39M
$ 300.39 million
-1.10%
17 Coinbase Wrapped Staked ETH CBETH $ 2,462.05
$ 287.72M
$ 287.72 million
-1.67%
18 Marinade staked SOL MSOL $ 119.02
$ 275.97M
$ 275.97 million
-3.11%
19 Wrapped AVAX WAVAX $ 9.30
$ 150.07M
$ 150.07 million
-1.81%
20 Wrapped Centrifuge CFG $ 0.258
$ 149.01M
$ 149.01 million
-3.21%
21 Wrapped Solana SOL $ 86.30
$ 129.45M
$ 129.45 million
-3.14%
22 Wrapped NXM WNXM $ 55.99
$ 24.19M
$ 24.19 million
-0.94%
23 Wrapped Matic WMATIC $ 0.0907
$ 12.90M
$ 12.90 million
+0.34%
24 Axelar Wrapped USDC AXLUSDC $ 0.982
$ 2.38M
$ 2.38 million
+0.67%

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

25 Ethena Staked USDe sUSDe $ 3.70
$ 11.53B
$ 11.53 billion
-1.63%
26 Mantle Staked Ether METH $ 2,377.67
$ 540.92M
$ 540.92 million
-1.43%
27 Solv BTC SOLVBTC $ 75,443.42
$ 485.81M
$ 485.81 million
-4.88%
28 Jupiter Staked SOL JUPSOL $ 102.50
$ 439.61M
$ 439.61 million
-3.09%
29 BybitSOL BBSOL $ 99.31
$ 114.17M
$ 114.17 million
-2.98%
30 Coinbase Wrapped XRP CBXRP $ 1.41
$ 102.67M
$ 102.67 million
-1.73%
31 Wrapped TAO WTAO $ 269.05
$ 29.19M
$ 29.19 million
-7.01%
32 ckBTC ckBTC $ 77,882.50
$ 14.98M
$ 14.98 million
-1.48%
33 renBTC RENBTC $ 15,427.59
$ 4.70M
$ 4.70 million
-17.03%
34 ckUSDC CKUSDC $ 1.01
$ 2.06M
$ 2.06 million
+1.72%
35 Wrapped NCG WNCG $ 0.00602
$ 1.93M
$ 1.93 million
+2.47%
36 ckETH ckETH $ 2,201.22
$ 1.36M
$ 1.36 million
-0.58%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,484.32
$ 30.22T
$ 30.22 trillion
-4.02%
38 Wrapped DOGE WDOGE $ 0.109
$ 14.03B
$ 14.03 billion
-6.72%
39 Wrapped BTC (BitGo) WBTC $ 77,928.63
$ 9.23B
$ 9.23 billion
-0.73%
40 USDC (BASE) USDC $ 1.00
$ 4.36B
$ 4.36 billion
+16.95%
41 Wrapped Binance Beacon ETH WBETH $ 2,386.25
$ 2.96B
$ 2.96 billion
-1.75%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.853
$ 1.10B
$ 1.10 billion
-1.18%
43 USDC (Avalance) USDC $ 0.995
$ 717.61M
$ 717.61 million
+6.00%
44 Wrapped BTC (Wormhole) WBTC $ 77,894.10
$ 247.19M
$ 247.19 million
-1.43%
45 Binance Wrapped BTC BBTC $ 78,131.58
$ 226.58M
$ 226.58 million
-1.39%
46 Gate Wrapped BTC GTBTC $ 78,437.18
$ 180.37M
$ 180.37 million
-1.24%
47 Wrapped Fantom WFTM $ 0.0514
$ 112.37M
$ 112.37 million
-5.81%
48 TRON peg TRX $ 0.353
$ 105.39M
$ 105.39 million
+0.57%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,059.39
$ 64.69M
$ 64.69 million
-13.15%
50 Wrapped DAG WDAG $ 0.0173
$ 64.36M
$ 64.36 million
-16.79%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 0.982
$ 2.38M
$ 2.38 million
+0.67%
Wrapped Matic WMATIC $ 0.0907
$ 12.90M
$ 12.90 million
+0.34%
Wrapped NXM WNXM $ 55.99
$ 24.19M
$ 24.19 million
-0.94%
Bitcoin Avalanche Bridged BTC.b $ 78,147.89
$ 300.39M
$ 300.39 million
-1.10%
Wrapped BTC WBTC $ 77,882.47
$ 10.70B
$ 10.70 billion
-1.31%
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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