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 $ 2,265.28 $ 19.98B
$ 19.98 billion +7.52% 2 Wrapped BTC WBTC $ 73,591.35 $ 10.12B
$ 10.12 billion +3.12% 3 Binance-Peg BSC-USD BSC-USD $ 1.00 $ 8.99B
$ 8.99 billion +0.13% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,781.17 $ 8.89B
$ 8.89 billion +7.54% 5 Wrapped eETH weETH $ 2,467.67 $ 7.02B
$ 7.02 billion +7.49% 6 Wrapped Ether WETH $ 2,262.56 $ 6.02B
$ 6.02 billion +7.40% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.02% 8 Coinbase Wrapped BTC CBBTC $ 73,748.33 $ 3.24B
$ 3.24 billion +3.12% 9 Bitcoin BEP2 BTCB $ 73,720.84 $ 3.10B
$ 3.10 billion +3.22% 10 Jito Staked SOL JITOSOL $ 118.29 $ 1.33B
$ 1.33 billion +5.69% 11 Wrapped BNB WBNB $ 679.87 $ 958.04M
$ 958.04 million +3.12% 12 Rocket Pool ETH RETH $ 2,627.27 $ 942.89M
$ 942.89 million +7.49% 13 Binance Staked SOL BNSOL $ 103.28 $ 881.83M
$ 881.83 million +6.24% 14 Lombard Staked Bitcoin LBTC $ 73,997.88 $ 784.96M
$ 784.96 million +3.28% 15 Mantle Staked Ether METH $ 2,460.13 $ 523.86M
$ 523.86 million +7.48% 16 Solv BTC SOLVBTC $ 73,672.60 $ 476.53M
$ 476.53 million +3.27% 17 tBTC v2 TBTC $ 73,746.68 $ 436.06M
$ 436.06 million +3.13% 18 Jupiter Staked SOL JUPSOL $ 109.62 $ 399.07M
$ 399.07 million +5.50% 19 Binance-Peg XRP Token XRP $ 1.48 $ 364.18M
$ 364.18 million +5.29% 20 Coinbase Wrapped Staked ETH CBETH $ 2,545.18 $ 320.02M
$ 320.02 million +7.39% 21 Bitcoin Avalanche Bridged BTC.b $ 73,796.35 $ 283.71M
$ 283.71 million +3.36% 22 Marinade staked SOL MSOL $ 127.39 $ 265.49M
$ 265.49 million +5.63% 23 Wrapped AVAX WAVAX $ 10.41 $ 146.71M
$ 146.71 million +7.04% 24 Wrapped Solana SOL $ 93.32 $ 139.97M
$ 139.97 million +5.67% 25 BybitSOL BBSOL $ 106.51 $ 123.25M
$ 123.25 million +6.30% 26 Wrapped Centrifuge CFG $ 0.120 $ 69.13M
$ 69.13 million -1.02% 27 Coinbase Wrapped XRP CBXRP $ 1.48 $ 31.49M
$ 31.49 million +5.23% 28 Wrapped NXM WNXM $ 57.72 $ 27.86M
$ 27.86 million +6.12% 29 Wrapped Matic WMATIC $ 0.100 $ 14.29M
$ 14.29 million +4.87% 30 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million +0.01% 31 Wrapped NCG WNCG $ 0.00543 $ 1.74M
$ 1.74 million +1.31%
The coins below are ranked lower due to missing data.
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32 ckBTC ckBTC $ 73,576.05 $ 34.73M
$ 34.73 million +4.12% 33 Wrapped TAO WTAO $ 276.85 $ 32.82M
$ 32.82 million +6.63% 34 ckUSDC CKUSDC $ 0.998 $ 1.58M
$ 1.58 million +0.27% 35 ckETH ckETH $ 2,263.11 $ 1.40M
$ 1.40 million +6.57% 36 renBTC RENBTC $ 4,334.25 $ 1.32M
$ 1.32 million +4.17% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,370.40 $ 48.02T
$ 48.02 trillion +4.54% 38 ckOCT CKOCT $ 0.00176 $ 31.26T
$ 31.26 trillion -65.71% 39 Wrapped BTC (BitGo) WBTC $ 73,607.47 $ 8.81B
$ 8.81 billion +3.08% 40 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion -0.03% 41 Wrapped Binance Beacon ETH WBETH $ 2,470.39 $ 3.22B
$ 3.22 billion +7.26% 42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion +0.08% 43 USDC (Avalance) USDC $ 1.000 $ 721.20M
$ 721.20 million +0.03% 44 Wrapped BTC (Wormhole) WBTC $ 73,458.23 $ 293.64M
$ 293.64 million +2.87% 45 Binance Wrapped BTC BBTC $ 73,788.16 $ 213.99M
$ 213.99 million +3.24% 46 Gate Wrapped BTC GTBTC $ 74,038.18 $ 170.27M
$ 170.27 million +3.22% 47 TRON peg TRX $ 0.298 $ 89.09M
$ 89.09 million +0.42% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,402.84 $ 75.48M
$ 75.48 million +6.87% 49 Binance-Peg Bitcoin Cash Token BCH $ 470.39 $ 45.39M
$ 45.39 million +0.90% 50 Wrapped BTC WBTC.E $ 73,721.24 $ 32.29M
$ 32.29 million +3.20%
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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