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 $ 2,314.97
$ 20.42B
$ 20.42 billion
+1.60%
2 Wrapped BTC WBTC $ 73,588.60
$ 10.11B
$ 10.11 billion
-0.16%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,846.99
$ 9.09B
$ 9.09 billion
+1.67%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.00B
$ 9.00 billion
+0.24%
5 Wrapped eETH weETH $ 2,524.84
$ 7.18B
$ 7.18 billion
+1.59%
6 Wrapped Ether WETH $ 2,316.89
$ 6.16B
$ 6.16 billion
+1.64%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.03%
8 Coinbase Wrapped BTC CBBTC $ 73,737.98
$ 3.24B
$ 3.24 billion
-0.17%
9 Bitcoin BEP2 BTCB $ 73,824.44
$ 3.10B
$ 3.10 billion
-0.01%
10 Jito Staked SOL JITOSOL $ 117.96
$ 1.33B
$ 1.33 billion
-0.72%
11 Rocket Pool ETH RETH $ 2,700.87
$ 969.30M
$ 969.30 million
+1.60%
12 Wrapped BNB WBNB $ 666.85
$ 939.60M
$ 939.60 million
-1.67%
13 Binance Staked SOL BNSOL $ 103.06
$ 879.36M
$ 879.36 million
-0.48%
14 Lombard Staked Bitcoin LBTC $ 74,279.15
$ 787.76M
$ 787.76 million
+0.40%
15 Mantle Staked Ether METH $ 2,529.50
$ 538.55M
$ 538.55 million
+1.76%
16 Solv BTC SOLVBTC $ 73,864.68
$ 478.94M
$ 478.94 million
+0.26%
17 tBTC v2 TBTC $ 73,821.56
$ 436.54M
$ 436.54 million
+0.07%
18 Binance-Peg XRP Token XRP $ 1.51
$ 370.67M
$ 370.67 million
+2.49%
19 Coinbase Wrapped Staked ETH CBETH $ 2,608.02
$ 313.52M
$ 313.52 million
+1.60%
20 Bitcoin Avalanche Bridged BTC.b $ 73,933.58
$ 284.19M
$ 284.19 million
+0.15%
21 Marinade staked SOL MSOL $ 126.95
$ 264.57M
$ 264.57 million
-0.94%
22 Wrapped Solana SOL $ 92.99
$ 173.84M
$ 173.84 million
-0.85%
23 Wrapped AVAX WAVAX $ 10.25
$ 144.45M
$ 144.45 million
+0.55%
24 BybitSOL BBSOL $ 106.31
$ 122.90M
$ 122.90 million
-0.28%
25 Wrapped Centrifuge CFG $ 0.166
$ 95.85M
$ 95.85 million
-15.51%
26 Wrapped TAO WTAO $ 278.50
$ 32.98M
$ 32.98 million
-3.70%
27 Coinbase Wrapped XRP CBXRP $ 1.51
$ 32.12M
$ 32.12 million
+2.65%
28 Wrapped NXM WNXM $ 57.02
$ 27.48M
$ 27.48 million
-1.72%
29 Wrapped Matic WMATIC $ 0.0998
$ 14.21M
$ 14.21 million
-0.83%
30 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.55M
$ 2.55 million
+0.09%
31 Wrapped NCG WNCG $ 0.00554
$ 1.77M
$ 1.77 million
+0.57%

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

32 Jupiter Staked SOL JUPSOL $ 109.31
$ 398.42M
$ 398.42 million
-0.66%
33 ckBTC ckBTC $ 74,131.33
$ 34.99M
$ 34.99 million
+1.99%
34 ckUSDC CKUSDC $ 0.998
$ 1.58M
$ 1.58 million
-0.14%
35 ckETH ckETH $ 2,293.16
$ 1.42M
$ 1.42 million
+1.46%
36 renBTC RENBTC $ 4,381.75
$ 1.33M
$ 1.33 million
+0.96%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,414.51
$ 48.41T
$ 48.41 trillion
+1.44%
38 ckOCT CKOCT $ 0.00268
$ 47.48T
$ 47.48 trillion
+68.45%
39 Wrapped BTC (BitGo) WBTC $ 73,733.96
$ 8.82B
$ 8.82 billion
-0.25%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.23%
41 Wrapped Binance Beacon ETH WBETH $ 2,530.70
$ 3.29B
$ 3.29 billion
+1.63%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.13%
43 USDC (Avalance) USDC $ 0.998
$ 720.34M
$ 720.34 million
-0.14%
44 Wrapped BTC (Wormhole) WBTC $ 73,523.43
$ 293.98M
$ 293.98 million
-0.20%
45 Binance Wrapped BTC BBTC $ 73,707.35
$ 213.75M
$ 213.75 million
+0.14%
46 Gate Wrapped BTC GTBTC $ 73,928.80
$ 170.01M
$ 170.01 million
-0.25%
47 TRON peg TRX $ 0.302
$ 90.32M
$ 90.32 million
+1.47%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,482.33
$ 77.97M
$ 77.97 million
+2.49%
49 Binance-Peg Bitcoin Cash Token BCH $ 472.55
$ 45.60M
$ 45.60 million
+0.25%
50 Wrapped BTC WBTC.E $ 73,679.20
$ 32.27M
$ 32.27 million
+0.08%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Coinbase Wrapped XRP CBXRP $ 1.51
$ 32.12M
$ 32.12 million
+2.65%
Binance-Peg XRP Token XRP $ 1.51
$ 370.67M
$ 370.67 million
+2.49%
Mantle Staked Ether METH $ 2,529.50
$ 538.55M
$ 538.55 million
+1.76%
Wrapped liquid staked Ether 2.0 wstETH $ 2,846.99
$ 9.09B
$ 9.09 billion
+1.67%
Wrapped Ether WETH $ 2,316.89
$ 6.16B
$ 6.16 billion
+1.64%
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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