Wrapped coins

210 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 $ 2,024.36
$ 18.63B
$ 18.63 billion
-1.40%
2 Wrapped BTC WBTC $ 66,367.38
$ 9.12B
$ 9.12 billion
-1.57%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,497.72
$ 8.74B
$ 8.74 billion
-1.26%
5 Wrapped eETH weETH $ 2,213.50
$ 5.64B
$ 5.64 billion
-1.35%
6 Wrapped Ether WETH $ 2,025.72
$ 5.39B
$ 5.39 billion
-1.44%
7 Ethena Staked USDe sUSDe $ 1.23
$ 3.82B
$ 3.82 billion
+0.16%
8 Coinbase Wrapped BTC CBBTC $ 66,414.40
$ 3.35B
$ 3.35 billion
-1.56%
9 Bitcoin BEP2 BTCB $ 66,399.34
$ 2.79B
$ 2.79 billion
-1.58%
10 Jito Staked SOL JITOSOL $ 103.91
$ 1.17B
$ 1.17 billion
-2.75%
11 Wrapped BNB WBNB $ 604.84
$ 852.31M
$ 852.31 million
-2.01%
12 Rocket Pool ETH RETH $ 2,362.50
$ 803.17M
$ 803.17 million
-1.27%
13 Lombard Staked Bitcoin LBTC $ 66,909.00
$ 709.76M
$ 709.76 million
-1.21%
14 Solv BTC SOLVBTC $ 66,772.54
$ 434.60M
$ 434.60 million
-1.28%
15 tBTC v2 TBTC $ 66,476.25
$ 390.82M
$ 390.82 million
-1.55%
16 Binance-Peg XRP Token XRP $ 1.31
$ 301.55M
$ 301.55 million
-3.10%
17 Coinbase Wrapped Staked ETH CBETH $ 2,282.25
$ 274.37M
$ 274.37 million
-1.41%
18 Bitcoin Avalanche Bridged BTC.b $ 66,582.52
$ 255.94M
$ 255.94 million
-1.43%
19 Marinade staked SOL MSOL $ 112.26
$ 233.95M
$ 233.95 million
-2.56%
20 Wrapped Solana SOL $ 81.78
$ 152.86M
$ 152.86 million
-2.86%
21 Wrapped AVAX WAVAX $ 8.77
$ 123.59M
$ 123.59 million
-1.99%
22 Wrapped Centrifuge CFG $ 0.166
$ 95.98M
$ 95.98 million
-5.65%
23 Coinbase Wrapped XRP CBXRP $ 1.31
$ 64.58M
$ 64.58 million
-3.70%
24 Wrapped TAO WTAO $ 306.25
$ 33.33M
$ 33.33 million
-3.57%
25 Wrapped Matic WMATIC $ 0.0901
$ 12.83M
$ 12.83 million
-3.77%
26 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.01%
27 Wrapped NCG WNCG $ 0.00581
$ 1.86M
$ 1.86 million
+12.41%

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

28 Binance Staked SOL BNSOL $ 90.53
$ 772.51M
$ 772.51 million
-2.61%
29 Mantle Staked Ether METH $ 2,205.89
$ 595.79M
$ 595.79 million
-0.72%
30 Jupiter Staked SOL JUPSOL $ 96.58
$ 351.62M
$ 351.62 million
-2.74%
31 BybitSOL BBSOL $ 93.26
$ 99.90M
$ 99.90 million
-2.90%
32 ckBTC ckBTC $ 66,367.73
$ 31.33M
$ 31.33 million
-2.19%
33 Wrapped NXM WNXM $ 52.30
$ 25.31M
$ 25.31 million
-0.96%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+0.56%
35 renBTC RENBTC $ 4,508.82
$ 1.37M
$ 1.37 million
-1.66%
36 ckETH ckETH $ 2,033.44
$ 1.26M
$ 1.26 million
+0.37%
37 ckOCT CKOCT $ 0.00235
$ 41.66T
$ 41.66 trillion
-16.20%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,827.14
$ 32.00T
$ 32.00 trillion
+0.97%
39 Wrapped BTC (BitGo) WBTC $ 67,097.55
$ 8.03B
$ 8.03 billion
-0.89%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.13%
41 Wrapped Binance Beacon ETH WBETH $ 2,215.71
$ 2.88B
$ 2.88 billion
-1.44%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.05%
43 USDC (Avalance) USDC $ 0.997
$ 718.93M
$ 718.93 million
-0.43%
44 Wrapped BTC (Wormhole) WBTC $ 66,381.42
$ 245.76M
$ 245.76 million
-1.51%
45 Binance Wrapped BTC BBTC $ 66,594.24
$ 193.12M
$ 193.12 million
-1.78%
46 Gate Wrapped BTC GTBTC $ 66,689.82
$ 153.24M
$ 153.24 million
-1.63%
47 Wrapped Fantom WFTM $ 0.0452
$ 98.88M
$ 98.88 million
-0.79%
48 TRON peg TRX $ 0.319
$ 95.33M
$ 95.33 million
-0.98%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,200.52
$ 69.12M
$ 69.12 million
+0.92%
50 Binance-Peg Bitcoin Cash Token BCH $ 466.21
$ 44.99M
$ 44.99 million
+2.61%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00581
$ 1.86M
$ 1.86 million
+12.41%
Ethena Staked USDe sUSDe $ 1.23
$ 3.82B
$ 3.82 billion
+0.16%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.01%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.05%
Lombard Staked Bitcoin LBTC $ 66,909.00
$ 709.76M
$ 709.76 million
-1.21%
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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