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 $ 2,117.89
$ 18.68B
$ 18.68 billion
+2.05%
2 Wrapped BTC WBTC $ 71,730.46
$ 9.86B
$ 9.86 billion
+1.78%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.03%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,603.66
$ 8.31B
$ 8.31 billion
+2.01%
5 Wrapped eETH weETH $ 2,307.49
$ 6.56B
$ 6.56 billion
+2.06%
6 Wrapped Ether WETH $ 2,120.49
$ 5.64B
$ 5.64 billion
+2.13%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 71,914.01
$ 3.16B
$ 3.16 billion
+1.76%
9 Bitcoin BEP2 BTCB $ 71,814.08
$ 3.02B
$ 3.02 billion
+1.69%
10 Jito Staked SOL JITOSOL $ 112.41
$ 1.26B
$ 1.26 billion
+1.75%
11 Binance Staked SOL BNSOL $ 97.82
$ 959.58M
$ 959.58 million
+1.79%
12 Wrapped BNB WBNB $ 664.12
$ 935.92M
$ 935.92 million
+1.83%
13 Lombard Staked Bitcoin LBTC $ 71,920.13
$ 762.74M
$ 762.74 million
+1.71%
14 Solv BTC SOLVBTC $ 71,399.84
$ 462.08M
$ 462.08 million
+1.28%
15 tBTC v2 TBTC $ 71,814.67
$ 424.63M
$ 424.63 million
+1.70%
16 Coinbase Wrapped Staked ETH CBETH $ 2,386.12
$ 300.01M
$ 300.01 million
+2.15%
17 Bitcoin Avalanche Bridged BTC.b $ 71,640.70
$ 275.38M
$ 275.38 million
+1.46%
18 Marinade staked SOL MSOL $ 121.08
$ 252.33M
$ 252.33 million
+1.76%
19 Wrapped AVAX WAVAX $ 9.76
$ 137.64M
$ 137.64 million
+1.65%
20 Wrapped Solana SOL $ 88.76
$ 133.14M
$ 133.14 million
+1.76%
21 BybitSOL BBSOL $ 100.74
$ 117.07M
$ 117.07 million
+1.74%
22 Wrapped Centrifuge CFG $ 0.121
$ 69.88M
$ 69.88 million
+1.00%
23 Wrapped NXM WNXM $ 54.17
$ 26.19M
$ 26.19 million
-0.01%
24 Wrapped Matic WMATIC $ 0.0958
$ 13.63M
$ 13.63 million
-0.24%
25 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.55M
$ 2.55 million
-0.00%
26 Wrapped NCG WNCG $ 0.00539
$ 1.73M
$ 1.73 million
-0.98%

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

27 Rocket Pool ETH RETH $ 2,452.48
$ 880.16M
$ 880.16 million
+1.99%
28 Mantle Staked Ether METH $ 2,306.49
$ 491.09M
$ 491.09 million
+2.33%
29 Jupiter Staked SOL JUPSOL $ 104.20
$ 379.36M
$ 379.36 million
+1.67%
30 Binance-Peg XRP Token XRP $ 1.41
$ 346.56M
$ 346.56 million
+1.40%
31 ckBTC ckBTC $ 72,466.27
$ 34.20M
$ 34.20 million
+1.63%
32 Wrapped TAO WTAO $ 267.40
$ 31.66M
$ 31.66 million
+11.77%
33 Coinbase Wrapped XRP CBXRP $ 1.41
$ 30.04M
$ 30.04 million
+1.75%
34 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
-0.65%
35 ckETH ckETH $ 2,115.57
$ 1.31M
$ 1.31 million
+1.14%
36 renBTC RENBTC $ 4,229.69
$ 1.29M
$ 1.29 million
+3.28%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,137.41
$ 45.93T
$ 45.93 trillion
-0.11%
38 Wrapped BTC (BitGo) WBTC $ 71,532.49
$ 8.56B
$ 8.56 billion
+1.42%
39 USDC (BASE) USDC $ 1.000
$ 4.34B
$ 4.34 billion
-0.16%
40 Wrapped Binance Beacon ETH WBETH $ 2,315.61
$ 3.01B
$ 3.01 billion
+2.14%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.08%
42 USDC (Avalance) USDC $ 0.997
$ 719.41M
$ 719.41 million
-0.25%
43 Wrapped BTC (Wormhole) WBTC $ 71,725.26
$ 286.71M
$ 286.71 million
+1.70%
44 Binance Wrapped BTC BBTC $ 71,780.57
$ 208.16M
$ 208.16 million
+1.76%
45 Gate Wrapped BTC GTBTC $ 72,056.30
$ 165.70M
$ 165.70 million
+1.64%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
-0.00%
47 TRON peg TRX $ 0.298
$ 88.92M
$ 88.92 million
+1.17%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,248.41
$ 70.62M
$ 70.62 million
+1.46%
49 Binance-Peg Bitcoin Cash Token BCH $ 464.06
$ 44.78M
$ 44.78 million
-1.50%
50 Wrapped BTC WBTC.E $ 71,660.89
$ 31.39M
$ 31.39 million
+1.91%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Coinbase Wrapped Staked ETH CBETH $ 2,386.12
$ 300.01M
$ 300.01 million
+2.15%
Wrapped Ether WETH $ 2,120.49
$ 5.64B
$ 5.64 billion
+2.13%
Wrapped eETH weETH $ 2,307.49
$ 6.56B
$ 6.56 billion
+2.06%
Lido Staked Ether stETH $ 2,117.89
$ 18.68B
$ 18.68 billion
+2.05%
Wrapped liquid staked Ether 2.0 wstETH $ 2,603.66
$ 8.31B
$ 8.31 billion
+2.01%
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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