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 $ 2,134.99
$ 18.82B
$ 18.82 billion
+2.33%
2 Wrapped BTC WBTC $ 71,777.18
$ 9.87B
$ 9.87 billion
+1.70%
3 Binance-Peg BSC-USD BSC-USD $ 0.995
$ 8.95B
$ 8.95 billion
-0.28%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,622.77
$ 8.37B
$ 8.37 billion
+2.27%
5 Wrapped eETH weETH $ 2,326.83
$ 6.62B
$ 6.62 billion
+2.39%
6 Wrapped Ether WETH $ 2,149.43
$ 5.69B
$ 5.69 billion
+2.53%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.00%
8 Coinbase Wrapped BTC CBBTC $ 72,054.14
$ 3.16B
$ 3.16 billion
+1.68%
9 Bitcoin BEP2 BTCB $ 71,848.70
$ 3.02B
$ 3.02 billion
+1.59%
10 Jito Staked SOL JITOSOL $ 114.44
$ 1.29B
$ 1.29 billion
+3.45%
11 Wrapped BNB WBNB $ 667.16
$ 938.32M
$ 938.32 million
+1.75%
12 Rocket Pool ETH RETH $ 2,478.33
$ 889.43M
$ 889.43 million
+2.59%
13 Binance Staked SOL BNSOL $ 100.36
$ 853.75M
$ 853.75 million
+3.96%
14 Lombard Staked Bitcoin LBTC $ 72,231.42
$ 766.04M
$ 766.04 million
+1.88%
15 tBTC v2 TBTC $ 71,914.59
$ 425.04M
$ 425.04 million
+1.62%
16 Binance-Peg XRP Token XRP $ 1.43
$ 350.19M
$ 350.19 million
+2.51%
17 Coinbase Wrapped Staked ETH CBETH $ 2,410.97
$ 302.59M
$ 302.59 million
+2.50%
18 Bitcoin Avalanche Bridged BTC.b $ 71,965.70
$ 276.52M
$ 276.52 million
+1.80%
19 Marinade staked SOL MSOL $ 123.20
$ 256.74M
$ 256.74 million
+3.31%
20 Wrapped AVAX WAVAX $ 9.86
$ 138.81M
$ 138.81 million
+2.49%
21 Wrapped Solana SOL $ 90.50
$ 135.75M
$ 135.75 million
+3.58%
22 BybitSOL BBSOL $ 103.63
$ 120.31M
$ 120.31 million
+4.47%
23 Wrapped Centrifuge CFG $ 0.121
$ 69.80M
$ 69.80 million
-0.45%
24 Coinbase Wrapped XRP CBXRP $ 1.42
$ 30.30M
$ 30.30 million
+2.36%
25 Wrapped NXM WNXM $ 54.72
$ 26.45M
$ 26.45 million
+1.52%
26 Wrapped Matic WMATIC $ 0.0969
$ 13.77M
$ 13.77 million
+0.68%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.01%
28 Wrapped NCG WNCG $ 0.00538
$ 1.72M
$ 1.72 million
-1.72%

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

29 Mantle Staked Ether METH $ 2,334.79
$ 494.84M
$ 494.84 million
+2.49%
30 Solv BTC SOLVBTC $ 71,867.87
$ 465.33M
$ 465.33 million
+2.11%
31 Jupiter Staked SOL JUPSOL $ 106.02
$ 385.99M
$ 385.99 million
+3.32%
32 ckBTC ckBTC $ 72,186.32
$ 34.07M
$ 34.07 million
+0.11%
33 Wrapped TAO WTAO $ 285.23
$ 33.78M
$ 33.78 million
+15.98%
34 ckUSDC CKUSDC $ 0.995
$ 1.57M
$ 1.57 million
-0.98%
35 ckETH ckETH $ 2,134.47
$ 1.32M
$ 1.32 million
+0.33%
36 renBTC RENBTC $ 4,216.40
$ 1.28M
$ 1.28 million
+1.56%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,181.14
$ 46.33T
$ 46.33 trillion
+1.40%
38 ckOCT CKOCT $ 0.00158
$ 27.96T
$ 27.96 trillion
-69.32%
39 Wrapped BTC (BitGo) WBTC $ 71,647.78
$ 8.58B
$ 8.58 billion
+1.97%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.25%
41 Wrapped Binance Beacon ETH WBETH $ 2,336.93
$ 3.03B
$ 3.03 billion
+2.22%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.995
$ 1.29B
$ 1.29 billion
-0.22%
43 USDC (Avalance) USDC $ 0.998
$ 720.06M
$ 720.06 million
+0.11%
44 Wrapped BTC (Wormhole) WBTC $ 71,782.35
$ 286.94M
$ 286.94 million
+1.68%
45 Binance Wrapped BTC BBTC $ 71,883.87
$ 208.46M
$ 208.46 million
+1.63%
46 Gate Wrapped BTC GTBTC $ 72,291.60
$ 165.92M
$ 165.92 million
+1.65%
47 TRON peg TRX $ 0.299
$ 89.44M
$ 89.44 million
+0.57%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,233.00
$ 70.14M
$ 70.14 million
+0.85%
49 Binance-Peg Bitcoin Cash Token BCH $ 465.73
$ 44.94M
$ 44.94 million
+1.04%
50 Wrapped BTC WBTC.E $ 71,825.30
$ 31.46M
$ 31.46 million
+1.69%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
BybitSOL BBSOL $ 103.63
$ 120.31M
$ 120.31 million
+4.47%
Binance Staked SOL BNSOL $ 100.36
$ 853.75M
$ 853.75 million
+3.96%
Wrapped Solana SOL $ 90.50
$ 135.75M
$ 135.75 million
+3.58%
Jito Staked SOL JITOSOL $ 114.44
$ 1.29B
$ 1.29 billion
+3.45%
Marinade staked SOL MSOL $ 123.20
$ 256.74M
$ 256.74 million
+3.31%
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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