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 $ 2,090.15
$ 18.44B
$ 18.44 billion
-2.74%
2 Wrapped BTC WBTC $ 68,905.62
$ 9.47B
$ 9.47 billion
-2.15%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.19%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,570.95
$ 8.21B
$ 8.21 billion
-2.75%
5 Wrapped eETH weETH $ 2,278.79
$ 6.48B
$ 6.48 billion
-2.80%
6 Wrapped Ether WETH $ 2,091.24
$ 5.56B
$ 5.56 billion
-2.67%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.01%
8 Coinbase Wrapped BTC CBBTC $ 69,020.44
$ 3.03B
$ 3.03 billion
-2.16%
9 Bitcoin BEP2 BTCB $ 68,922.44
$ 2.90B
$ 2.90 billion
-2.27%
10 Jito Staked SOL JITOSOL $ 111.01
$ 1.25B
$ 1.25 billion
-2.63%
11 Wrapped BNB WBNB $ 630.92
$ 888.99M
$ 888.99 million
-1.51%
12 Rocket Pool ETH RETH $ 2,422.67
$ 869.46M
$ 869.46 million
-2.80%
13 Lombard Staked Bitcoin LBTC $ 69,374.10
$ 735.93M
$ 735.93 million
-1.86%
14 Solv BTC SOLVBTC $ 68,903.66
$ 452.73M
$ 452.73 million
-2.32%
15 tBTC v2 TBTC $ 68,980.84
$ 407.88M
$ 407.88 million
-2.24%
16 Binance-Peg XRP Token XRP $ 1.41
$ 318.05M
$ 318.05 million
-2.17%
17 Coinbase Wrapped Staked ETH CBETH $ 2,354.32
$ 283.09M
$ 283.09 million
-2.64%
18 Bitcoin Avalanche Bridged BTC.b $ 68,963.90
$ 265.09M
$ 265.09 million
-2.26%
19 Marinade staked SOL MSOL $ 119.53
$ 249.09M
$ 249.09 million
-2.79%
20 Wrapped Solana SOL $ 87.63
$ 131.45M
$ 131.45 million
-2.55%
21 Wrapped AVAX WAVAX $ 9.26
$ 130.51M
$ 130.51 million
-3.14%
22 BybitSOL BBSOL $ 99.76
$ 108.92M
$ 108.92 million
-2.58%
23 Wrapped Centrifuge CFG $ 0.138
$ 79.61M
$ 79.61 million
-7.98%
24 Wrapped TAO WTAO $ 276.41
$ 32.73M
$ 32.73 million
+1.57%
25 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.06M
$ 30.06 million
-2.58%
26 Wrapped Matic WMATIC $ 0.0943
$ 13.42M
$ 13.42 million
-3.55%
27 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.00%

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

28 Binance Staked SOL BNSOL $ 96.75
$ 825.98M
$ 825.98 million
-2.38%
29 Mantle Staked Ether METH $ 2,271.90
$ 483.74M
$ 483.74 million
-3.03%
30 Jupiter Staked SOL JUPSOL $ 102.96
$ 374.83M
$ 374.83 million
-2.65%
31 ckBTC ckBTC $ 69,024.63
$ 32.58M
$ 32.58 million
-1.10%
32 Wrapped NXM WNXM $ 52.78
$ 25.52M
$ 25.52 million
-4.42%
33 Wrapped NCG WNCG $ 0.00526
$ 1.69M
$ 1.69 million
-1.25%
34 ckUSDC CKUSDC $ 1.000
$ 1.58M
$ 1.58 million
+0.45%
35 renBTC RENBTC $ 4,252.79
$ 1.29M
$ 1.29 million
-2.92%
36 ckETH ckETH $ 2,082.14
$ 1.29M
$ 1.29 million
-3.16%
37 ckOCT CKOCT $ 0.00236
$ 41.81T
$ 41.81 trillion
+12.62%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,674.50
$ 41.80T
$ 41.80 trillion
-3.01%
39 Wrapped BTC (BitGo) WBTC $ 68,922.85
$ 8.25B
$ 8.25 billion
-2.09%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.27%
41 Wrapped Binance Beacon ETH WBETH $ 2,285.77
$ 2.97B
$ 2.97 billion
-2.70%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.12%
43 USDC (Avalance) USDC $ 0.999
$ 721.01M
$ 721.01 million
+0.18%
44 Wrapped BTC (Wormhole) WBTC $ 68,920.20
$ 255.16M
$ 255.16 million
-2.30%
45 Binance Wrapped BTC BBTC $ 69,036.55
$ 200.21M
$ 200.21 million
-2.23%
46 Gate Wrapped BTC GTBTC $ 69,257.46
$ 159.26M
$ 159.26 million
-2.13%
47 TRON peg TRX $ 0.311
$ 92.86M
$ 92.86 million
+0.63%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,226.50
$ 69.94M
$ 69.94 million
-3.11%
49 Binance-Peg Bitcoin Cash Token BCH $ 462.19
$ 44.60M
$ 44.60 million
-1.85%
50 Wrapped BTC WBTC.E $ 69,023.85
$ 30.23M
$ 30.23 million
-1.92%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 276.41
$ 32.73M
$ 32.73 million
+1.57%
Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.01%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.00%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.96B
$ 8.96 billion
-0.19%
Wrapped BNB WBNB $ 630.92
$ 888.99M
$ 888.99 million
-1.51%
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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