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 $ 2,076.33
$ 18.31B
$ 18.31 billion
-2.71%
2 Wrapped BTC WBTC $ 70,502.04
$ 9.69B
$ 9.69 billion
-1.87%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.25%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,552.64
$ 8.15B
$ 8.15 billion
-2.76%
5 Wrapped eETH weETH $ 2,262.47
$ 6.44B
$ 6.44 billion
-2.71%
6 Wrapped Ether WETH $ 2,077.59
$ 5.52B
$ 5.52 billion
-2.75%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 70,686.13
$ 3.11B
$ 3.11 billion
-1.88%
9 Bitcoin BEP2 BTCB $ 70,525.65
$ 2.96B
$ 2.96 billion
-2.18%
10 Jito Staked SOL JITOSOL $ 110.25
$ 1.24B
$ 1.24 billion
-3.04%
11 Binance Staked SOL BNSOL $ 95.91
$ 940.86M
$ 940.86 million
-3.18%
12 Wrapped BNB WBNB $ 651.96
$ 918.75M
$ 918.75 million
-1.60%
13 Lombard Staked Bitcoin LBTC $ 70,923.06
$ 752.59M
$ 752.59 million
-1.59%
14 Solv BTC SOLVBTC $ 70,457.88
$ 455.98M
$ 455.98 million
-2.06%
15 tBTC v2 TBTC $ 70,626.23
$ 417.61M
$ 417.61 million
-1.77%
16 Coinbase Wrapped Staked ETH CBETH $ 2,337.23
$ 293.87M
$ 293.87 million
-2.75%
17 Bitcoin Avalanche Bridged BTC.b $ 70,641.85
$ 271.54M
$ 271.54 million
-1.86%
18 Marinade staked SOL MSOL $ 118.76
$ 247.50M
$ 247.50 million
-3.00%
19 Wrapped Solana SOL $ 87.09
$ 162.78M
$ 162.78 million
-3.12%
20 Wrapped AVAX WAVAX $ 9.59
$ 135.17M
$ 135.17 million
-3.22%
21 BybitSOL BBSOL $ 99.02
$ 115.80M
$ 115.80 million
-3.43%
22 Wrapped Centrifuge CFG $ 0.121
$ 69.84M
$ 69.84 million
-2.89%
23 Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.54M
$ 29.54 million
-1.46%
24 Wrapped NXM WNXM $ 53.57
$ 25.90M
$ 25.90 million
-2.40%
25 Wrapped Matic WMATIC $ 0.0961
$ 13.68M
$ 13.68 million
-1.06%
26 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.10%

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

27 Rocket Pool ETH RETH $ 2,407.49
$ 864.01M
$ 864.01 million
-2.85%
28 Mantle Staked Ether METH $ 2,256.23
$ 480.42M
$ 480.42 million
-1.06%
29 Jupiter Staked SOL JUPSOL $ 102.31
$ 372.31M
$ 372.31 million
-3.09%
30 Binance-Peg XRP Token XRP $ 1.39
$ 341.04M
$ 341.04 million
-1.49%
31 ckBTC ckBTC $ 71,752.43
$ 33.87M
$ 33.87 million
-0.23%
32 Wrapped TAO WTAO $ 236.77
$ 28.04M
$ 28.04 million
-0.15%
33 ckUSDC CKUSDC $ 1.01
$ 1.88M
$ 1.88 million
+1.30%
34 Wrapped NCG WNCG $ 0.00552
$ 1.77M
$ 1.77 million
+1.49%
35 ckETH ckETH $ 2,104.86
$ 1.30M
$ 1.30 million
-1.36%
36 renBTC RENBTC $ 4,149.03
$ 1.26M
$ 1.26 million
-0.37%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,142.89
$ 45.98T
$ 45.98 trillion
+0.31%
38 Wrapped BTC (BitGo) WBTC $ 70,057.14
$ 8.38B
$ 8.38 billion
-2.35%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.14%
40 Wrapped Binance Beacon ETH WBETH $ 2,268.56
$ 2.95B
$ 2.95 billion
-2.73%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.10%
42 USDC (Avalance) USDC $ 0.999
$ 720.59M
$ 720.59 million
-0.08%
43 Wrapped BTC (Wormhole) WBTC $ 70,511.51
$ 281.88M
$ 281.88 million
-1.72%
44 Binance Wrapped BTC BBTC $ 70,632.21
$ 204.83M
$ 204.83 million
-0.96%
45 Gate Wrapped BTC GTBTC $ 70,854.30
$ 162.94M
$ 162.94 million
-1.98%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
-0.00%
47 TRON peg TRX $ 0.298
$ 89.12M
$ 89.12 million
+2.89%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,210.42
$ 69.43M
$ 69.43 million
-4.23%
49 Binance-Peg Bitcoin Cash Token BCH $ 463.56
$ 44.73M
$ 44.73 million
-0.84%
50 Wrapped BTC WBTC.E $ 70,663.17
$ 30.95M
$ 30.95 million
-1.39%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.01%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.10%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.25%
Wrapped Matic WMATIC $ 0.0961
$ 13.68M
$ 13.68 million
-1.06%
Coinbase Wrapped XRP CBXRP $ 1.39
$ 29.54M
$ 29.54 million
-1.46%
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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