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 $ 2,265.28
$ 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. Learn more

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%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped liquid staked Ether 2.0 wstETH $ 2,781.17
$ 8.89B
$ 8.89 billion
+7.54%
Lido Staked Ether stETH $ 2,265.28
$ 19.98B
$ 19.98 billion
+7.52%
Wrapped eETH weETH $ 2,467.67
$ 7.02B
$ 7.02 billion
+7.49%
Rocket Pool ETH RETH $ 2,627.27
$ 942.89M
$ 942.89 million
+7.49%
Mantle Staked Ether METH $ 2,460.13
$ 523.86M
$ 523.86 million
+7.48%
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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