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 $ 2,120.31
$ 18.70B
$ 18.70 billion
+2.92%
2 Wrapped BTC WBTC $ 72,112.89
$ 9.91B
$ 9.91 billion
+2.75%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.19%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,604.43
$ 8.31B
$ 8.31 billion
+2.72%
5 Wrapped eETH weETH $ 2,312.53
$ 6.58B
$ 6.58 billion
+3.20%
6 Wrapped Ether WETH $ 2,127.85
$ 5.65B
$ 5.65 billion
+3.17%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.05%
8 Coinbase Wrapped BTC CBBTC $ 72,340.89
$ 3.18B
$ 3.18 billion
+2.72%
9 Bitcoin BEP2 BTCB $ 72,296.18
$ 3.04B
$ 3.04 billion
+2.73%
10 Jito Staked SOL JITOSOL $ 114.47
$ 1.29B
$ 1.29 billion
+4.03%
11 Binance Staked SOL BNSOL $ 99.80
$ 978.24M
$ 978.24 million
+4.29%
12 Wrapped BNB WBNB $ 667.43
$ 940.40M
$ 940.40 million
+2.36%
13 Lombard Staked Bitcoin LBTC $ 72,366.66
$ 766.35M
$ 766.35 million
+2.54%
14 Mantle Staked Ether METH $ 2,311.73
$ 492.16M
$ 492.16 million
+3.21%
15 Solv BTC SOLVBTC $ 72,194.89
$ 463.87M
$ 463.87 million
+2.52%
16 tBTC v2 TBTC $ 72,126.23
$ 426.47M
$ 426.47 million
+2.46%
17 Binance-Peg XRP Token XRP $ 1.42
$ 349.47M
$ 349.47 million
+2.54%
18 Coinbase Wrapped Staked ETH CBETH $ 2,393.31
$ 300.81M
$ 300.81 million
+3.25%
19 Bitcoin Avalanche Bridged BTC.b $ 72,530.02
$ 278.78M
$ 278.78 million
+2.71%
20 Marinade staked SOL MSOL $ 123.09
$ 256.52M
$ 256.52 million
+3.82%
21 Wrapped Solana SOL $ 90.48
$ 168.78M
$ 168.78 million
+4.20%
22 Wrapped AVAX WAVAX $ 10.02
$ 141.32M
$ 141.32 million
+4.44%
23 BybitSOL BBSOL $ 102.18
$ 119.51M
$ 119.51 million
+3.97%
24 Wrapped Centrifuge CFG $ 0.123
$ 71.08M
$ 71.08 million
-2.32%
25 Coinbase Wrapped XRP CBXRP $ 1.42
$ 30.22M
$ 30.22 million
+2.34%
26 Wrapped Matic WMATIC $ 0.0989
$ 14.08M
$ 14.08 million
+0.74%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.04%
28 Wrapped NCG WNCG $ 0.00534
$ 1.71M
$ 1.71 million
-0.31%

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

29 Rocket Pool ETH RETH $ 2,465.24
$ 884.74M
$ 884.74 million
+2.95%
30 Jupiter Staked SOL JUPSOL $ 106.03
$ 386.01M
$ 386.01 million
-2.56%
31 ckBTC ckBTC $ 72,801.28
$ 34.26M
$ 34.26 million
+3.32%
32 Wrapped TAO WTAO $ 241.72
$ 28.62M
$ 28.62 million
+13.52%
33 Wrapped NXM WNXM $ 54.17
$ 26.20M
$ 26.20 million
+1.73%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.14%
35 ckETH ckETH $ 2,100.28
$ 1.30M
$ 1.30 million
+1.38%
36 renBTC RENBTC $ 3,956.57
$ 1.21M
$ 1.21 million
+3.55%
37 ckOCT CKOCT $ 0.00512
$ 76.16T
$ 76.16 trillion
+24.82%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,104.93
$ 45.64T
$ 45.64 trillion
-0.56%
39 Wrapped DOGE WDOGE $ 0.111
$ 14.39B
$ 14.39 billion
-1.20%
40 Wrapped BTC (BitGo) WBTC $ 72,420.82
$ 8.67B
$ 8.67 billion
+2.62%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.08%
42 Wrapped Binance Beacon ETH WBETH $ 2,322.67
$ 3.02B
$ 3.02 billion
+3.26%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.15%
44 USDC (Avalance) USDC $ 1.00
$ 721.74M
$ 721.74 million
+0.05%
45 Wrapped BTC (Wormhole) WBTC $ 72,127.01
$ 288.31M
$ 288.31 million
+2.56%
46 Binance Wrapped BTC BBTC $ 72,354.15
$ 209.83M
$ 209.83 million
+2.77%
47 Gate Wrapped BTC GTBTC $ 72,458.65
$ 166.63M
$ 166.63 million
+2.70%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
+0.97%
49 TRON peg TRX $ 0.290
$ 86.49M
$ 86.49 million
-0.14%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,241.13
$ 70.40M
$ 70.40 million
+2.22%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped AVAX WAVAX $ 10.02
$ 141.32M
$ 141.32 million
+4.44%
Binance Staked SOL BNSOL $ 99.80
$ 978.24M
$ 978.24 million
+4.29%
Wrapped Solana SOL $ 90.48
$ 168.78M
$ 168.78 million
+4.20%
Jito Staked SOL JITOSOL $ 114.47
$ 1.29B
$ 1.29 billion
+4.03%
BybitSOL BBSOL $ 102.18
$ 119.51M
$ 119.51 million
+3.97%
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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