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 $ 2,150.12
$ 18.97B
$ 18.97 billion
+1.23%
2 Wrapped BTC WBTC $ 70,448.10
$ 9.69B
$ 9.69 billion
+1.39%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.10%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,645.56
$ 8.45B
$ 8.45 billion
+1.29%
5 Wrapped eETH weETH $ 2,348.56
$ 6.68B
$ 6.68 billion
+1.20%
6 Wrapped Ether WETH $ 2,148.29
$ 5.72B
$ 5.72 billion
+1.31%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.04%
8 Coinbase Wrapped BTC CBBTC $ 70,574.47
$ 3.10B
$ 3.10 billion
+1.39%
9 Bitcoin BEP2 BTCB $ 70,642.16
$ 2.97B
$ 2.97 billion
+1.29%
10 Jito Staked SOL JITOSOL $ 113.74
$ 1.28B
$ 1.28 billion
+0.98%
11 Wrapped BNB WBNB $ 642.63
$ 905.77M
$ 905.77 million
+0.52%
12 Rocket Pool ETH RETH $ 2,497.53
$ 896.33M
$ 896.33 million
+1.38%
13 Lombard Staked Bitcoin LBTC $ 70,951.15
$ 752.71M
$ 752.71 million
+1.47%
14 Solv BTC SOLVBTC $ 70,721.26
$ 464.68M
$ 464.68 million
+1.26%
15 tBTC v2 TBTC $ 70,834.23
$ 418.87M
$ 418.87 million
+1.24%
16 Binance-Peg XRP Token XRP $ 1.44
$ 324.96M
$ 324.96 million
+0.29%
17 Coinbase Wrapped Staked ETH CBETH $ 2,420.52
$ 291.24M
$ 291.24 million
+1.28%
18 Bitcoin Avalanche Bridged BTC.b $ 70,772.43
$ 272.12M
$ 272.12 million
+1.56%
19 Marinade staked SOL MSOL $ 122.94
$ 256.22M
$ 256.22 million
+1.03%
20 Wrapped Solana SOL $ 89.63
$ 134.47M
$ 134.47 million
+0.95%
21 Wrapped AVAX WAVAX $ 9.52
$ 134.22M
$ 134.22 million
+0.78%
22 BybitSOL BBSOL $ 101.90
$ 111.39M
$ 111.39 million
+0.75%
23 Wrapped Centrifuge CFG $ 0.143
$ 82.74M
$ 82.74 million
-4.44%
24 Wrapped TAO WTAO $ 278.05
$ 32.92M
$ 32.92 million
+0.05%
25 Wrapped Matic WMATIC $ 0.0960
$ 13.67M
$ 13.67 million
-1.72%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.02%

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

27 Binance Staked SOL BNSOL $ 98.75
$ 843.68M
$ 843.68 million
+1.01%
28 Mantle Staked Ether METH $ 2,341.33
$ 499.08M
$ 499.08 million
+1.40%
29 Jupiter Staked SOL JUPSOL $ 105.54
$ 384.25M
$ 384.25 million
+1.00%
30 ckBTC ckBTC $ 71,569.87
$ 33.78M
$ 33.78 million
+3.20%
31 Coinbase Wrapped XRP CBXRP $ 1.44
$ 30.70M
$ 30.70 million
+0.37%
32 Wrapped NXM WNXM $ 54.15
$ 26.19M
$ 26.19 million
-2.35%
33 Wrapped NCG WNCG $ 0.00535
$ 1.71M
$ 1.71 million
+0.34%
34 ckUSDC CKUSDC $ 0.998
$ 1.58M
$ 1.58 million
-0.16%
35 ckETH ckETH $ 2,160.48
$ 1.34M
$ 1.34 million
+2.02%
36 renBTC RENBTC $ 4,362.34
$ 1.33M
$ 1.33 million
+0.82%
37 ckOCT CKOCT $ 0.00263
$ 46.64T
$ 46.64 trillion
+25.65%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,716.62
$ 42.17T
$ 42.17 trillion
-3.27%
39 Wrapped BTC (BitGo) WBTC $ 70,450.63
$ 8.43B
$ 8.43 billion
+0.97%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.17%
41 Wrapped Binance Beacon ETH WBETH $ 2,350.46
$ 3.06B
$ 3.06 billion
+1.16%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.07%
43 USDC (Avalance) USDC $ 1.000
$ 721.22M
$ 721.22 million
+0.05%
44 Wrapped BTC (Wormhole) WBTC $ 70,538.92
$ 261.16M
$ 261.16 million
+1.52%
45 Binance Wrapped BTC BBTC $ 70,879.95
$ 205.55M
$ 205.55 million
+1.20%
46 Gate Wrapped BTC GTBTC $ 70,861.90
$ 162.95M
$ 162.95 million
+1.23%
47 Wrapped Fantom WFTM $ 0.0479
$ 104.66M
$ 104.66 million
-1.72%
48 TRON peg TRX $ 0.309
$ 92.29M
$ 92.29 million
+4.62%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,298.89
$ 72.21M
$ 72.21 million
+1.32%
50 Binance-Peg Bitcoin Cash Token BCH $ 467.79
$ 45.14M
$ 45.14 million
+0.32%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Bitcoin Avalanche Bridged BTC.b $ 70,772.43
$ 272.12M
$ 272.12 million
+1.56%
Lombard Staked Bitcoin LBTC $ 70,951.15
$ 752.71M
$ 752.71 million
+1.47%
Coinbase Wrapped BTC CBBTC $ 70,574.47
$ 3.10B
$ 3.10 billion
+1.39%
Wrapped BTC WBTC $ 70,448.10
$ 9.69B
$ 9.69 billion
+1.39%
Rocket Pool ETH RETH $ 2,497.53
$ 896.33M
$ 896.33 million
+1.38%
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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