Wrapped coins

232 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $2,379.49
$22.99B
$22.99 billion
-2.28%
2 Wrapped liquid staked Ether 2.0 wstETH $2,962.33
$11.11B
$11.11 billion
-2.12%
3 Wrapped BTC WBTC $77,046.93
$9.79B
$9.79 billion
-0.57%
4 Binance-Peg BSC-USD BSC-USD $1.00
$9.18B
$9.18 billion
-0.03%
5 Wrapped eETH weETH $2,630.63
$4.91B
$4.91 billion
-1.97%
6 Wrapped Ether WETH $2,384.82
$4.84B
$4.84 billion
-2.08%
7 Wrapped Binance Beacon ETH WBETH $2,634.99
$4.39B
$4.39 billion
-2.06%
8 USDC (BASE) USDC $1.00
$4.20B
$4.20 billion
-0.07%
9 Coinbase Wrapped BTC CBBTC $77,171.61
$3.89B
$3.89 billion
-0.52%
10 Ethena Staked USDe sUSDe $1.25
$3.88B
$3.88 billion
+0.00%
11 Bitcoin BEP2 BTCB $77,138.11
$3.64B
$3.64 billion
-0.53%
12 Binance-Peg USD Coin (BNB Smart Chain) USDC $1.00
$1.59B
$1.59 billion
-0.02%
13 Wrapped BNB WBNB $685.61
$1.22B
$1.22 billion
+0.08%
14 Syrup USDC SYRUPUSDC $1.18
$1.05B
$1.05 billion
+0.02%
15 Jito Staked SOL JITOSOL $127.98
$992.56M
$992.56 million
-2.54%
16 Rocket Pool ETH RETH $2,780.22
$883.72M
$883.72 million
-2.46%
17 USD Coin Bridged USDCE $1.00
$772.26M
$772.26 million
+0.01%
18 Lombard Staked Bitcoin LBTC $77,483.34
$666.26M
$666.26 million
-0.42%
19 Mantle Staked Ether METH $2,616.21
$562.09M
$562.09 million
-2.19%
20 Jupiter Staked SOL JUPSOL $118.86
$509.59M
$509.59 million
-2.49%
21 Coinbase Wrapped Staked ETH CBETH $2,714.27
$444.89M
$444.89 million
-2.08%
22 tBTC v2 TBTC $77,110.11
$330.89M
$330.89 million
-0.50%
23 Binance-Peg XRP Token XRP $1.33
$298.97M
$298.97 million
-2.82%
24 Marinade staked SOL MSOL $138.28
$233.95M
$233.95 million
-2.31%
25 Wrapped BTC (Wormhole) WBTC $77,057.43
$191.26M
$191.26 million
-0.55%
26 Coinbase Wrapped XRP CBXRP $1.33
$162.05M
$162.05 million
-2.88%
27 Bitcoin Avalanche Bridged BTC.b $77,122.97
$152.24M
$152.24 million
-0.56%
28 Wrapped Solana SOL $98.80
$148.19M
$148.19 million
-2.15%
29 Wrapped AVAX WAVAX $7.14
$143.43M
$143.43 million
-1.81%
30 BybitSOL BBSOL $115.49
$120.43M
$120.43 million
-2.19%
31 Robinhood Wrapped ETH (Robinhood Chain) WETH $2,386.72
$70.86M
$70.86 million
-1.89%
32 Wrapped Centrifuge CFG $0.105
$60.56M
$60.56 million
-5.99%
33 Wrapped Matic WMATIC $0.0911
$23.63M
$23.63 million
-0.44%
34 Bridged Tether USD USDT $0.999
$23.32M
$23.32 million
-0.04%
35 Binance Beacon ETH BETH $2,381.43
$10.57M
$10.57 million
-1.91%
36 Axelar Wrapped USDC AXLUSDC $1.00
$2.40M
$2.40 million
-0.05%
37 Wrapped Ether (Wormhole) WETH $2,384.18
$601,270
$601,270
-2.07%

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

38 Wrapped TRON WTRX $0.324
$1.36B
$1.36 billion
+0.31%
39 Binance Staked SOL BNSOL $111.45
$1.02B
$1.02 billion
-2.19%
40 Solv BTC SOLVBTC $77,384.79
$498.41M
$498.41 million
-0.08%
41 Wrapped TAO WTAO $215.92
$25.57M
$25.57 million
-3.70%
42 Wrapped NXM WNXM $61.45
$24.57M
$24.57 million
-3.12%
43 renBTC RENBTC $21,791.52
$6.97M
$6.97 million
+1.64%
44 Wrapped NCG WNCG $0.00443
$1.75M
$1.75 million
+1.94%
45 ckETH ckETH $2,392.93
$1.48M
$1.48 million
-3.21%
46 Wrapped DOGE WDOGE $0.0814
$10.51B
$10.51 billion
-3.76%
47 USDC (Avalance) USDC $1.00
$392.82M
$392.82 million
+0.01%
48 Gate Wrapped BTC GTBTC $77,522.17
$267.30M
$267.30 million
-0.49%
49 Binance Wrapped BTC BBTC $77,349.36
$224.31M
$224.31 million
-0.30%
50 TRON peg TRX $0.290
$86.64M
$86.64 million
-3.66%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Wrapped BNB WBNB $685.61
$1.22B
$1.22 billion
+0.08%
Syrup USDC SYRUPUSDC $1.18
$1.05B
$1.05 billion
+0.02%
USD Coin Bridged USDCE $1.00
$772.26M
$772.26 million
+0.01%
Ethena Staked USDe sUSDe $1.25
$3.88B
$3.88 billion
+0.00%
Binance-Peg USD Coin (BNB Smart Chain) USDC $1.00
$1.59B
$1.59 billion
-0.02%
All Gainers

Market Cap

$-- --%
Pro Chart

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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