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 $ 2,350.45
$ 20.74B
$ 20.74 billion
+7.90%
2 Wrapped BTC WBTC $ 75,063.46
$ 10.32B
$ 10.32 billion
+3.71%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,889.94
$ 9.23B
$ 9.23 billion
+7.85%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.98B
$ 8.98 billion
+0.10%
5 Wrapped eETH weETH $ 2,564.44
$ 7.29B
$ 7.29 billion
+7.92%
6 Wrapped Ether WETH $ 2,351.06
$ 6.25B
$ 6.25 billion
+7.82%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 75,218.86
$ 3.31B
$ 3.31 billion
+3.70%
9 Bitcoin BEP2 BTCB $ 75,171.00
$ 3.16B
$ 3.16 billion
+3.81%
10 Jito Staked SOL JITOSOL $ 120.42
$ 1.35B
$ 1.35 billion
+3.89%
11 Rocket Pool ETH RETH $ 2,728.66
$ 979.27M
$ 979.27 million
+7.91%
12 Wrapped BNB WBNB $ 682.07
$ 961.08M
$ 961.08 million
+1.46%
13 Binance Staked SOL BNSOL $ 104.93
$ 895.45M
$ 895.45 million
+4.15%
14 Lombard Staked Bitcoin LBTC $ 75,606.21
$ 801.84M
$ 801.84 million
+4.06%
15 Solv BTC SOLVBTC $ 75,228.74
$ 487.72M
$ 487.72 million
+3.69%
16 tBTC v2 TBTC $ 75,278.07
$ 445.11M
$ 445.11 million
+3.80%
17 Jupiter Staked SOL JUPSOL $ 111.15
$ 404.67M
$ 404.67 million
+3.42%
18 Binance-Peg XRP Token XRP $ 1.59
$ 390.60M
$ 390.60 million
+10.44%
19 Coinbase Wrapped Staked ETH CBETH $ 2,644.11
$ 317.88M
$ 317.88 million
+7.68%
20 Bitcoin Avalanche Bridged BTC.b $ 75,457.26
$ 290.05M
$ 290.05 million
+3.99%
21 Marinade staked SOL MSOL $ 129.95
$ 270.87M
$ 270.87 million
+4.09%
22 Wrapped Solana SOL $ 95.12
$ 177.79M
$ 177.79 million
+3.91%
23 Wrapped AVAX WAVAX $ 10.45
$ 147.39M
$ 147.39 million
+4.73%
24 BybitSOL BBSOL $ 108.27
$ 125.18M
$ 125.18 million
+3.96%
25 Wrapped Centrifuge CFG $ 0.162
$ 94.10M
$ 94.10 million
+36.39%
26 Coinbase Wrapped XRP CBXRP $ 1.59
$ 33.87M
$ 33.87 million
+10.66%
27 Wrapped NXM WNXM $ 60.03
$ 29.03M
$ 29.03 million
+8.12%
28 Wrapped Matic WMATIC $ 0.101
$ 14.44M
$ 14.44 million
+3.44%
29 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
+0.02%
30 Wrapped NCG WNCG $ 0.00551
$ 1.77M
$ 1.77 million
+3.01%

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

31 Mantle Staked Ether METH $ 2,558.82
$ 544.93M
$ 544.93 million
+7.98%
32 ckBTC ckBTC $ 75,074.25
$ 35.44M
$ 35.44 million
+4.24%
33 Wrapped TAO WTAO $ 283.70
$ 33.59M
$ 33.59 million
+3.27%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.26%
35 ckETH ckETH $ 2,347.23
$ 1.45M
$ 1.45 million
+8.31%
36 renBTC RENBTC $ 4,483.88
$ 1.37M
$ 1.37 million
+5.33%
37 ckOCT CKOCT $ 0.00276
$ 48.97T
$ 48.97 trillion
+58.52%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,469.11
$ 48.90T
$ 48.90 trillion
+4.24%
39 Wrapped BTC (BitGo) WBTC $ 75,122.06
$ 8.99B
$ 8.99 billion
+4.17%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.12%
41 Wrapped Binance Beacon ETH WBETH $ 2,567.86
$ 3.34B
$ 3.34 billion
+7.80%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.08%
43 USDC (Avalance) USDC $ 0.997
$ 719.43M
$ 719.43 million
-0.38%
44 Wrapped BTC (Wormhole) WBTC $ 75,128.92
$ 300.32M
$ 300.32 million
+3.83%
45 Binance Wrapped BTC BBTC $ 75,834.56
$ 219.92M
$ 219.92 million
+4.43%
46 Gate Wrapped BTC GTBTC $ 75,409.49
$ 173.41M
$ 173.41 million
+3.65%
47 TRON peg TRX $ 0.296
$ 88.49M
$ 88.49 million
-0.71%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,508.36
$ 78.79M
$ 78.79 million
+8.22%
49 Binance-Peg Bitcoin Cash Token BCH $ 502.92
$ 48.53M
$ 48.53 million
+6.88%
50 Wrapped BTC WBTC.E $ 75,455.29
$ 33.05M
$ 33.05 million
+4.02%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.162
$ 94.10M
$ 94.10 million
+36.39%
Coinbase Wrapped XRP CBXRP $ 1.59
$ 33.87M
$ 33.87 million
+10.66%
Binance-Peg XRP Token XRP $ 1.59
$ 390.60M
$ 390.60 million
+10.44%
Wrapped NXM WNXM $ 60.03
$ 29.03M
$ 29.03 million
+8.12%
Wrapped eETH weETH $ 2,564.44
$ 7.29B
$ 7.29 billion
+7.92%
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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