Wrapped coins 3 coins
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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 $ 2,026.56 $ 17.90B
$ 17.90 billion -3.75% 2 Wrapped BTC WBTC $ 67,541.91 $ 9.28B
$ 9.28 billion -2.18% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 9.00B
$ 9.00 billion +0.30% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,501.46 $ 7.99B
$ 7.99 billion -3.56% 5 Wrapped eETH weETH $ 2,220.21 $ 6.31B
$ 6.31 billion -3.39% 6 Wrapped Ether WETH $ 2,025.57 $ 5.39B
$ 5.39 billion -3.87% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion -0.09% 8 Coinbase Wrapped BTC CBBTC $ 67,705.54 $ 2.98B
$ 2.98 billion -2.11% 9 Bitcoin BEP2 BTCB $ 67,698.67 $ 2.85B
$ 2.85 billion -2.06% 10 Jito Staked SOL JITOSOL $ 108.65 $ 1.22B
$ 1.22 billion -2.92% 11 Wrapped BNB WBNB $ 622.09 $ 876.73M
$ 876.73 million -1.81% 12 Lombard Staked Bitcoin LBTC $ 68,032.59 $ 721.70M
$ 721.70 million -1.93% 13 Solv BTC SOLVBTC $ 66,620.41 $ 437.73M
$ 437.73 million -3.65% 14 tBTC v2 TBTC $ 67,837.75 $ 401.12M
$ 401.12 million -1.90% 15 Binance-Peg XRP Token XRP $ 1.37 $ 309.91M
$ 309.91 million -2.82% 16 Coinbase Wrapped Staked ETH CBETH $ 2,281.50 $ 274.41M
$ 274.41 million -3.85% 17 Bitcoin Avalanche Bridged BTC.b $ 68,129.97 $ 261.96M
$ 261.96 million -1.42% 18 Marinade staked SOL MSOL $ 117.01 $ 243.84M
$ 243.84 million -2.95% 19 Wrapped AVAX WAVAX $ 9.11 $ 128.42M
$ 128.42 million -1.62% 20 Wrapped Solana SOL $ 85.47 $ 128.20M
$ 128.20 million -3.19% 21 BybitSOL BBSOL $ 97.10 $ 106.09M
$ 106.09 million -3.31% 22 Wrapped Centrifuge CFG $ 0.128 $ 73.95M
$ 73.95 million -6.55% 23 Coinbase Wrapped XRP CBXRP $ 1.37 $ 29.11M
$ 29.11 million -3.32% 24 Wrapped Matic WMATIC $ 0.0921 $ 13.11M
$ 13.11 million -2.45% 25 Axelar Wrapped USDC AXLUSDC $ 1.00 $ 2.55M
$ 2.55 million +0.01% 26 Wrapped NCG WNCG $ 0.00523 $ 1.68M
$ 1.68 million -2.00%
The coins below are ranked lower due to missing data.
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27 Rocket Pool ETH RETH $ 2,359.85 $ 846.92M
$ 846.92 million -3.57% 28 Binance Staked SOL BNSOL $ 94.07 $ 802.39M
$ 802.39 million -3.37% 29 Mantle Staked Ether METH $ 2,212.10 $ 471.26M
$ 471.26 million -3.93% 30 Jupiter Staked SOL JUPSOL $ 100.81 $ 367.02M
$ 367.02 million -2.80% 31 Wrapped TAO WTAO $ 271.53 $ 32.15M
$ 32.15 million -2.31% 32 ckBTC ckBTC $ 67,236.43 $ 31.74M
$ 31.74 million -2.98% 33 Wrapped NXM WNXM $ 53.65 $ 25.95M
$ 25.95 million +0.92% 34 ckUSDC CKUSDC $ 1.00 $ 1.58M
$ 1.58 million -0.07% 35 renBTC RENBTC $ 4,349.75 $ 1.33M
$ 1.33 million +1.56% 36 ckETH ckETH $ 2,016.70 $ 1.25M
$ 1.25 million -4.34% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,573.38 $ 40.89T
$ 40.89 trillion -2.30% 38 Wrapped BTC (BitGo) WBTC $ 67,987.64 $ 8.14B
$ 8.14 billion -1.41% 39 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion +0.12% 40 Wrapped Binance Beacon ETH WBETH $ 2,216.59 $ 2.88B
$ 2.88 billion -3.89% 41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion +0.42% 42 USDC (Avalance) USDC $ 1.00 $ 722.32M
$ 722.32 million +0.20% 43 Wrapped BTC (Wormhole) WBTC $ 67,677.74 $ 250.56M
$ 250.56 million -2.07% 44 Binance Wrapped BTC BBTC $ 68,321.81 $ 198.08M
$ 198.08 million -1.03% 45 Gate Wrapped BTC GTBTC $ 67,805.60 $ 156.22M
$ 156.22 million -2.08% 46 TRON peg TRX $ 0.308 $ 91.90M
$ 91.90 million -0.49% 47 Kelp DAO Wrapped rsETH WRSETH $ 2,181.49 $ 68.52M
$ 68.52 million -3.51% 48 Binance-Peg Bitcoin Cash Token BCH $ 462.96 $ 44.68M
$ 44.68 million -0.36% 49 Wrapped DAG WDAG $ 0.0108 $ 39.91M
$ 39.91 million +2.87% 50 Wrapped BTC WBTC.E $ 68,036.07 $ 29.80M
$ 29.80 million -1.35%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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