Wrapped coins

211 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 $ 2,213.52
$ 20.71B
$ 20.71 billion
+6.33%
2 Wrapped liquid staked Ether 2.0 wstETH $ 2,729.50
$ 9.84B
$ 9.84 billion
+5.86%
3 Wrapped BTC WBTC $ 71,298.89
$ 9.80B
$ 9.80 billion
+4.24%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.16%
5 Wrapped eETH weETH $ 2,418.93
$ 5.90B
$ 5.90 billion
+5.90%
6 Wrapped Ether WETH $ 2,213.34
$ 5.89B
$ 5.89 billion
+5.92%
7 Coinbase Wrapped BTC CBBTC $ 71,502.29
$ 3.42B
$ 3.42 billion
+4.31%
8 Bitcoin BEP2 BTCB $ 71,539.88
$ 3.01B
$ 3.01 billion
+4.25%
9 Wrapped BNB WBNB $ 605.49
$ 1.05B
$ 1.05 billion
+0.08%
10 Jito Staked SOL JITOSOL $ 106.08
$ 956.74M
$ 956.74 million
+4.39%
11 Rocket Pool ETH RETH $ 2,580.80
$ 875.65M
$ 875.65 million
+6.06%
12 Lombard Staked Bitcoin LBTC $ 71,645.13
$ 760.03M
$ 760.03 million
+4.00%
13 Mantle Staked Ether METH $ 2,419.41
$ 644.96M
$ 644.96 million
+6.19%
14 Solv BTC SOLVBTC $ 71,661.65
$ 511.91M
$ 511.91 million
+5.01%
15 tBTC v2 TBTC $ 71,450.58
$ 429.50M
$ 429.50 million
+4.09%
16 Binance-Peg XRP Token XRP $ 1.36
$ 312.40M
$ 312.40 million
+3.68%
17 Coinbase Wrapped Staked ETH CBETH $ 2,495.80
$ 301.42M
$ 301.42 million
+5.97%
18 Bitcoin Avalanche Bridged BTC.b $ 71,468.53
$ 274.75M
$ 274.75 million
+4.36%
19 Marinade staked SOL MSOL $ 114.39
$ 232.32M
$ 232.32 million
+4.47%
20 Wrapped AVAX WAVAX $ 9.23
$ 146.85M
$ 146.85 million
+6.81%
21 Wrapped Solana SOL $ 83.38
$ 125.08M
$ 125.08 million
+4.56%
22 Wrapped Centrifuge CFG $ 0.187
$ 108.43M
$ 108.43 million
+9.50%
23 Coinbase Wrapped XRP CBXRP $ 1.36
$ 71.80M
$ 71.80 million
+3.88%
24 Wrapped NXM WNXM $ 55.05
$ 24.15M
$ 24.15 million
+2.56%
25 Wrapped Matic WMATIC $ 0.0895
$ 12.75M
$ 12.75 million
+0.67%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.49M
$ 2.49 million
-0.02%

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

27 Ethena Staked USDe sUSDe $ 2.82
$ 8.79B
$ 8.79 billion
+5.82%
28 Binance Staked SOL BNSOL $ 92.12
$ 786.53M
$ 786.53 million
+4.45%
29 Jupiter Staked SOL JUPSOL $ 98.45
$ 358.53M
$ 358.53 million
+4.45%
30 BybitSOL BBSOL $ 95.23
$ 97.08M
$ 97.08 million
+4.57%
31 Wrapped TAO WTAO $ 336.83
$ 34.37M
$ 34.37 million
+8.55%
32 ckBTC ckBTC $ 71,474.86
$ 33.74M
$ 33.74 million
+5.55%
33 renBTC RENBTC $ 9,600.17
$ 2.92M
$ 2.92 million
+12.33%
34 Wrapped NCG WNCG $ 0.00555
$ 1.78M
$ 1.78 million
+4.85%
35 ckUSDC CKUSDC $ 0.999
$ 1.56M
$ 1.56 million
-0.92%
36 ckETH ckETH $ 2,212.90
$ 1.37M
$ 1.37 million
+7.02%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,027.27
$ 33.33T
$ 33.33 trillion
+3.61%
38 Wrapped BTC (BitGo) WBTC $ 71,236.76
$ 8.53B
$ 8.53 billion
+4.04%
39 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.16%
40 Wrapped Binance Beacon ETH WBETH $ 2,422.42
$ 3.15B
$ 3.15 billion
+5.96%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.04%
42 USDC (Avalance) USDC $ 1.00
$ 721.86M
$ 721.86 million
+0.30%
43 Wrapped BTC (Wormhole) WBTC $ 71,349.61
$ 264.16M
$ 264.16 million
+4.19%
44 Binance Wrapped BTC BBTC $ 71,593.75
$ 207.62M
$ 207.62 million
+4.35%
45 Gate Wrapped BTC GTBTC $ 71,791.78
$ 165.09M
$ 165.09 million
+4.41%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.39M
$ 122.39 million
-0.00%
47 TRON peg TRX $ 0.317
$ 94.79M
$ 94.79 million
+0.90%
48 Wrapped Fantom WFTM $ 0.0433
$ 94.76M
$ 94.76 million
+0.18%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,378.81
$ 74.72M
$ 74.72 million
+6.15%
50 Binance-Peg Bitcoin Cash Token BCH $ 446.79
$ 43.12M
$ 43.12 million
+3.27%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.187
$ 108.43M
$ 108.43 million
+9.50%
Wrapped AVAX WAVAX $ 9.23
$ 146.85M
$ 146.85 million
+6.81%
Lido Staked Ether stETH $ 2,213.52
$ 20.71B
$ 20.71 billion
+6.33%
Mantle Staked Ether METH $ 2,419.41
$ 644.96M
$ 644.96 million
+6.19%
Rocket Pool ETH RETH $ 2,580.80
$ 875.65M
$ 875.65 million
+6.06%
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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