Wrapped coins

210 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 $ 1,991.10
$ 17.56B
$ 17.56 billion
-3.58%
2 Wrapped BTC WBTC $ 65,926.66
$ 9.06B
$ 9.06 billion
-4.05%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.23%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,440.24
$ 7.79B
$ 7.79 billion
-3.91%
5 Wrapped eETH weETH $ 2,164.68
$ 6.16B
$ 6.16 billion
-3.81%
6 Wrapped Ether WETH $ 1,984.18
$ 5.27B
$ 5.27 billion
-3.86%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.03%
8 Coinbase Wrapped BTC CBBTC $ 66,008.63
$ 2.90B
$ 2.90 billion
-4.06%
9 Bitcoin BEP2 BTCB $ 65,945.18
$ 2.77B
$ 2.77 billion
-4.25%
10 Jito Staked SOL JITOSOL $ 104.86
$ 1.18B
$ 1.18 billion
-4.56%
11 Wrapped BNB WBNB $ 609.29
$ 858.49M
$ 858.49 million
-3.25%
12 Rocket Pool ETH RETH $ 2,297.83
$ 824.67M
$ 824.67 million
-3.94%
13 Lombard Staked Bitcoin LBTC $ 66,210.71
$ 702.11M
$ 702.11 million
-4.30%
14 tBTC v2 TBTC $ 66,051.69
$ 390.56M
$ 390.56 million
-4.13%
15 Binance-Peg XRP Token XRP $ 1.32
$ 298.11M
$ 298.11 million
-3.00%
16 Coinbase Wrapped Staked ETH CBETH $ 2,232.66
$ 268.15M
$ 268.15 million
-4.03%
17 Bitcoin Avalanche Bridged BTC.b $ 65,957.05
$ 253.44M
$ 253.44 million
-4.07%
18 Marinade staked SOL MSOL $ 112.93
$ 235.35M
$ 235.35 million
-4.67%
19 Wrapped Solana SOL $ 82.62
$ 154.44M
$ 154.44 million
-4.60%
20 Wrapped AVAX WAVAX $ 8.77
$ 123.59M
$ 123.59 million
-3.59%
21 Wrapped Centrifuge CFG $ 0.143
$ 82.59M
$ 82.59 million
-3.31%
22 Wrapped TAO WTAO $ 316.12
$ 37.43M
$ 37.43 million
-6.29%
23 Coinbase Wrapped XRP CBXRP $ 1.33
$ 28.20M
$ 28.20 million
-2.78%
24 Wrapped Matic WMATIC $ 0.0901
$ 12.82M
$ 12.82 million
-5.00%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.06%

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

26 Binance Staked SOL BNSOL $ 91.13
$ 777.52M
$ 777.52 million
-4.82%
27 Mantle Staked Ether METH $ 2,164.07
$ 460.73M
$ 460.73 million
-3.56%
28 Solv BTC SOLVBTC $ 66,023.55
$ 428.98M
$ 428.98 million
-4.11%
29 Jupiter Staked SOL JUPSOL $ 97.29
$ 354.18M
$ 354.18 million
-4.53%
30 BybitSOL BBSOL $ 94.40
$ 101.37M
$ 101.37 million
-4.54%
31 ckBTC ckBTC $ 65,446.78
$ 30.89M
$ 30.89 million
-5.75%
32 Wrapped NXM WNXM $ 52.87
$ 25.57M
$ 25.57 million
-0.37%
33 Wrapped NCG WNCG $ 0.00518
$ 1.66M
$ 1.66 million
-0.47%
34 ckUSDC CKUSDC $ 0.974
$ 1.54M
$ 1.54 million
-1.70%
35 renBTC RENBTC $ 4,088.83
$ 1.25M
$ 1.25 million
-2.28%
36 ckETH ckETH $ 1,974.29
$ 1.22M
$ 1.22 million
-4.66%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,731.74
$ 42.31T
$ 42.31 trillion
-0.74%
38 Wrapped BTC (BitGo) WBTC $ 65,826.83
$ 7.88B
$ 7.88 billion
-4.45%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.04%
40 Wrapped Binance Beacon ETH WBETH $ 2,166.39
$ 2.82B
$ 2.82 billion
-3.98%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.32%
42 USDC (Avalance) USDC $ 1.000
$ 721.44M
$ 721.44 million
+0.24%
43 Wrapped BTC (Wormhole) WBTC $ 65,946.03
$ 244.15M
$ 244.15 million
-3.92%
44 Binance Wrapped BTC BBTC $ 66,009.44
$ 191.43M
$ 191.43 million
-4.11%
45 Gate Wrapped BTC GTBTC $ 66,232.87
$ 152.31M
$ 152.31 million
-4.10%
46 Wrapped Fantom WFTM $ 0.0454
$ 99.24M
$ 99.24 million
-1.47%
47 TRON peg TRX $ 0.311
$ 92.97M
$ 92.97 million
+0.29%
48 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 1.15
$ 91.58M
$ 91.58 million
+0.00%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,121.77
$ 66.65M
$ 66.65 million
-3.47%
50 Binance-Peg Bitcoin Cash Token BCH $ 467.25
$ 45.09M
$ 45.09 million
+1.14%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.82B
$ 3.82 billion
+0.03%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.06%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.97B
$ 8.97 billion
-0.23%
Coinbase Wrapped XRP CBXRP $ 1.33
$ 28.20M
$ 28.20 million
-2.78%
Binance-Peg XRP Token XRP $ 1.32
$ 298.11M
$ 298.11 million
-3.00%
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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