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 $ 1,991.94
$ 17.56B
$ 17.56 billion
+2.05%
2 Wrapped BTC WBTC $ 67,466.79
$ 9.27B
$ 9.27 billion
+0.58%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.12%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,442.07
$ 7.80B
$ 7.80 billion
+1.78%
5 Wrapped eETH weETH $ 2,167.22
$ 6.16B
$ 6.16 billion
+1.89%
6 Wrapped Ether WETH $ 1,991.82
$ 5.30B
$ 5.30 billion
+2.07%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.07%
8 Coinbase Wrapped BTC CBBTC $ 67,595.59
$ 2.97B
$ 2.97 billion
+0.48%
9 Bitcoin BEP2 BTCB $ 67,666.34
$ 2.84B
$ 2.84 billion
+0.59%
10 Jito Staked SOL JITOSOL $ 105.52
$ 1.18B
$ 1.18 billion
+0.73%
11 Binance Staked SOL BNSOL $ 91.91
$ 901.67M
$ 901.67 million
+0.97%
12 Wrapped BNB WBNB $ 625.19
$ 881.39M
$ 881.39 million
+1.12%
13 Lombard Staked Bitcoin LBTC $ 67,616.42
$ 715.26M
$ 715.26 million
-1.10%
14 Mantle Staked Ether METH $ 2,164.10
$ 460.78M
$ 460.78 million
+1.65%
15 Solv BTC SOLVBTC $ 67,271.73
$ 436.51M
$ 436.51 million
+0.24%
16 tBTC v2 TBTC $ 67,512.66
$ 398.83M
$ 398.83 million
+0.33%
17 Binance-Peg XRP Token XRP $ 1.34
$ 329.59M
$ 329.59 million
-0.23%
18 Marinade staked SOL MSOL $ 113.47
$ 287.16M
$ 287.16 million
+0.65%
19 Coinbase Wrapped Staked ETH CBETH $ 2,234.65
$ 280.96M
$ 280.96 million
+1.73%
20 Bitcoin Avalanche Bridged BTC.b $ 67,585.40
$ 259.80M
$ 259.80 million
+0.46%
21 Wrapped AVAX WAVAX $ 9.09
$ 150.38M
$ 150.38 million
+2.28%
22 Wrapped Solana SOL $ 83.30
$ 124.96M
$ 124.96 million
+0.66%
23 BybitSOL BBSOL $ 95.06
$ 112.83M
$ 112.83 million
+1.18%
24 Wrapped Centrifuge CFG $ 0.138
$ 79.33M
$ 79.33 million
-5.31%
25 Coinbase Wrapped XRP CBXRP $ 1.34
$ 28.59M
$ 28.59 million
-0.97%
26 Wrapped Matic WMATIC $ 0.0968
$ 13.77M
$ 13.77 million
+2.91%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.00%
28 Wrapped NCG WNCG $ 0.00524
$ 1.68M
$ 1.68 million
-0.76%

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

29 Rocket Pool ETH RETH $ 2,304.95
$ 827.21M
$ 827.21 million
+1.84%
30 Jupiter Staked SOL JUPSOL $ 97.63
$ 408.97M
$ 408.97 million
+0.33%
31 ckBTC ckBTC $ 67,497.57
$ 31.86M
$ 31.86 million
+1.31%
32 Wrapped NXM WNXM $ 51.00
$ 24.66M
$ 24.66 million
+1.38%
33 Wrapped TAO WTAO $ 195.41
$ 23.14M
$ 23.14 million
+11.26%
34 ckUSDC CKUSDC $ 1.000
$ 1.86M
$ 1.86 million
-0.26%
35 ckETH ckETH $ 1,983.82
$ 1.23M
$ 1.23 million
+1.83%
36 renBTC RENBTC $ 3,067.59
$ 934,076
$ 934,076
+1.39%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,996.71
$ 44.68T
$ 44.68 trillion
+1.21%
38 Wrapped DOGE WDOGE $ 0.105
$ 13.49B
$ 13.49 billion
-0.33%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.16%
40 Wrapped Binance Beacon ETH WBETH $ 2,173.62
$ 2.82B
$ 2.82 billion
+1.85%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.07%
42 USDC (Avalance) USDC $ 1.00
$ 721.67M
$ 721.67 million
-0.05%
43 Wrapped BTC (Wormhole) WBTC $ 67,925.44
$ 271.52M
$ 271.52 million
+1.24%
44 Binance Wrapped BTC BBTC $ 67,473.26
$ 195.67M
$ 195.67 million
+0.27%
45 Gate Wrapped BTC GTBTC $ 67,937.10
$ 156.23M
$ 156.23 million
+0.20%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.33M
$ 121.33 million
-44.59%
47 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.48M
$ 91.48 million
+0.00%
48 TRON peg TRX $ 0.288
$ 86.14M
$ 86.14 million
+0.60%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,124.17
$ 66.72M
$ 66.72 million
+2.20%
50 Binance-Peg Bitcoin Cash Token BCH $ 447.45
$ 43.18M
$ 43.18 million
-5.30%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.0968
$ 13.77M
$ 13.77 million
+2.91%
Wrapped AVAX WAVAX $ 9.09
$ 150.38M
$ 150.38 million
+2.28%
Wrapped Ether WETH $ 1,991.82
$ 5.30B
$ 5.30 billion
+2.07%
Lido Staked Ether stETH $ 1,991.94
$ 17.56B
$ 17.56 billion
+2.05%
Wrapped eETH weETH $ 2,167.22
$ 6.16B
$ 6.16 billion
+1.89%
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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