Wrapped coins

1 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 $ 1,974.04
$ 17.41B
$ 17.41 billion
-4.50%
2 Wrapped BTC WBTC $ 67,566.77
$ 9.29B
$ 9.29 billion
-2.84%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.06%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,416.97
$ 7.72B
$ 7.72 billion
-4.66%
5 Wrapped eETH weETH $ 2,150.10
$ 6.12B
$ 6.12 billion
-4.43%
6 Wrapped Ether WETH $ 1,975.73
$ 5.25B
$ 5.25 billion
-4.45%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.79B
$ 3.79 billion
-0.08%
8 Coinbase Wrapped BTC CBBTC $ 67,649.64
$ 2.97B
$ 2.97 billion
-2.93%
9 Bitcoin BEP2 BTCB $ 67,670.82
$ 2.64B
$ 2.64 billion
-2.99%
10 Jito Staked SOL JITOSOL $ 103.31
$ 1.16B
$ 1.16 billion
-5.06%
11 Wrapped BNB WBNB $ 611.68
$ 862.01M
$ 862.01 million
-4.04%
12 Rocket Pool ETH RETH $ 2,284.12
$ 819.74M
$ 819.74 million
-4.47%
13 Lombard Staked Bitcoin LBTC $ 68,076.48
$ 718.46M
$ 718.46 million
-2.64%
14 Solv BTC SOLVBTC $ 67,276.76
$ 550.05M
$ 550.05 million
+43.23%
15 Mantle Staked Ether METH $ 2,144.92
$ 456.69M
$ 456.69 million
-4.66%
16 tBTC v2 TBTC $ 67,552.76
$ 399.43M
$ 399.43 million
-2.90%
17 Marinade staked SOL MSOL $ 111.43
$ 282.00M
$ 282.00 million
-4.91%
18 Coinbase Wrapped Staked ETH CBETH $ 2,219.12
$ 279.02M
$ 279.02 million
-4.34%
19 Bitcoin Avalanche Bridged BTC.b $ 67,632.79
$ 259.97M
$ 259.97 million
-2.90%
20 Wrapped Solana SOL $ 82.10
$ 153.46M
$ 153.46 million
-4.95%
21 Wrapped AVAX WAVAX $ 8.80
$ 145.61M
$ 145.61 million
-2.06%
22 BybitSOL BBSOL $ 93.16
$ 131.93M
$ 131.93 million
-4.83%
23 Wrapped Centrifuge CFG $ 0.0831
$ 47.75M
$ 47.75 million
-4.67%
24 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.39M
$ 29.39 million
-4.01%
25 Wrapped TAO WTAO $ 152.91
$ 18.11M
$ 18.11 million
-3.46%
26 Wrapped Matic WMATIC $ 0.0907
$ 12.91M
$ 12.91 million
-3.89%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.18%
28 Wrapped NCG WNCG $ 0.00593
$ 1.90M
$ 1.90 million
-3.87%

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

29 Wrapped TRON WTRX $ 0.276
$ 3.54B
$ 3.54 billion
-0.72%
30 Binance Staked SOL BNSOL $ 90.19
$ 884.74M
$ 884.74 million
-4.82%
31 Jupiter Staked SOL JUPSOL $ 95.84
$ 401.38M
$ 401.38 million
-4.95%
32 Binance-Peg XRP Token XRP $ 1.38
$ 339.53M
$ 339.53 million
-99.99%
33 ckBTC ckBTC $ 67,710.79
$ 31.96M
$ 31.96 million
-2.70%
34 Wrapped NXM WNXM $ 52.38
$ 25.33M
$ 25.33 million
-1.52%
35 ckUSDC CKUSDC $ 0.962
$ 1.79M
$ 1.79 million
-2.07%
36 ckETH ckETH $ 1,992.82
$ 1.23M
$ 1.23 million
-2.80%
37 renBTC RENBTC $ 3,131.09
$ 953,412
$ 953,412
-3.49%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,917.00
$ 43.96T
$ 43.96 trillion
-0.34%
39 Wrapped DOGE WDOGE $ 0.106
$ 13.67B
$ 13.67 billion
-3.67%
40 USDC (BASE) USDC $ 0.999
$ 4.33B
$ 4.33 billion
-0.19%
41 Wrapped Binance Beacon ETH WBETH $ 2,153.97
$ 2.80B
$ 2.80 billion
-4.51%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.06%
43 USDC (Avalance) USDC $ 1.000
$ 721.16M
$ 721.16 million
+0.11%
44 Wrapped BTC (Wormhole) WBTC $ 67,450.72
$ 269.62M
$ 269.62 million
-3.04%
45 Binance Wrapped BTC BBTC $ 67,800.50
$ 196.62M
$ 196.62 million
-2.75%
46 Gate Wrapped BTC GTBTC $ 68,732.95
$ 158.06M
$ 158.06 million
-1.74%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.29M
$ 122.29 million
-0.18%
48 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.51M
$ 91.51 million
-0.12%
49 TRON peg TRX $ 0.277
$ 82.60M
$ 82.60 million
-0.85%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,146.35
$ 67.42M
$ 67.42 million
-4.60%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Solv BTC SOLVBTC $ 67,276.76
$ 550.05M
$ 550.05 million
+43.23%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.18%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.06%
Ethena Staked USDe sUSDe $ 1.22
$ 3.79B
$ 3.79 billion
-0.08%
Wrapped AVAX WAVAX $ 8.80
$ 145.61M
$ 145.61 million
-2.06%
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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