Wrapped coins

221 coins #19

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 $ 2,228.62
$ 19.54B
$ 19.54 billion
-2.13%
2 Wrapped BTC WBTC $ 78,916.12
$ 10.84B
$ 10.84 billion
-2.49%
3 Binance-Peg BSC-USD BSC-USD $ 1.03
$ 9.26B
$ 9.26 billion
-1.71%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,751.33
$ 9.23B
$ 9.23 billion
-2.08%
5 Wrapped Ether WETH $ 2,229.14
$ 5.93B
$ 5.93 billion
-2.03%
6 Wrapped eETH weETH $ 2,439.67
$ 4.24B
$ 4.24 billion
-1.94%
7 Bitcoin BEP2 BTCB $ 80,799.93
$ 3.40B
$ 3.40 billion
-3.91%
8 Coinbase Wrapped BTC CBBTC $ 79,156.95
$ 3.13B
$ 3.13 billion
-2.50%
9 Wrapped BNB WBNB $ 674.17
$ 1.16B
$ 1.16 billion
-2.85%
10 Binance Staked SOL BNSOL $ 99.15
$ 986.23M
$ 986.23 million
-3.34%
11 Jito Staked SOL JITOSOL $ 114.17
$ 906.46M
$ 906.46 million
-3.04%
12 Rocket Pool ETH RETH $ 2,593.52
$ 865.15M
$ 865.15 million
-1.98%
13 Lombard Staked Bitcoin LBTC $ 79,350.47
$ 840.98M
$ 840.98 million
-2.48%
14 Mantle Staked Ether METH $ 2,432.55
$ 553.42M
$ 553.42 million
-2.04%
15 Jupiter Staked SOL JUPSOL $ 105.94
$ 454.27M
$ 454.27 million
-3.16%
16 tBTC v2 TBTC $ 78,997.37
$ 405.44M
$ 405.44 million
-2.53%
17 Binance-Peg XRP Token XRP $ 1.45
$ 331.51M
$ 331.51 million
-5.36%
18 Bitcoin Avalanche Bridged BTC.b $ 79,141.63
$ 304.21M
$ 304.21 million
-2.50%
19 Coinbase Wrapped Staked ETH CBETH $ 2,520.31
$ 294.56M
$ 294.56 million
-1.98%
20 Marinade staked SOL MSOL $ 122.99
$ 285.18M
$ 285.18 million
-3.16%
21 Wrapped Centrifuge CFG $ 0.270
$ 155.66M
$ 155.66 million
-5.16%
22 Wrapped AVAX WAVAX $ 9.55
$ 154.02M
$ 154.02 million
-3.39%
23 Wrapped Solana SOL $ 89.27
$ 133.91M
$ 133.91 million
-3.13%
24 Wrapped Matic WMATIC $ 0.0917
$ 13.05M
$ 13.05 million
-2.95%
25 Axelar Wrapped USDC AXLUSDC $ 1.02
$ 2.46M
$ 2.46 million
-0.36%
26 Wrapped NCG WNCG $ 0.00574
$ 1.84M
$ 1.84 million
-2.81%

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

27 Ethena Staked USDe sUSDe $ 3.71
$ 11.55B
$ 11.55 billion
-1.56%
28 Solv BTC SOLVBTC $ 77,881.76
$ 501.49M
$ 501.49 million
-7.34%
29 BybitSOL BBSOL $ 102.55
$ 117.93M
$ 117.93 million
-3.33%
30 Coinbase Wrapped XRP CBXRP $ 1.44
$ 104.74M
$ 104.74 million
-3.28%
31 Wrapped TAO WTAO $ 284.72
$ 30.89M
$ 30.89 million
-6.79%
32 Wrapped NXM WNXM $ 56.48
$ 24.38M
$ 24.38 million
-2.57%
33 ckBTC ckBTC $ 78,106.16
$ 15.03M
$ 15.03 million
-3.08%
34 renBTC RENBTC $ 18,286.01
$ 5.57M
$ 5.57 million
+11.35%
35 ckUSDC CKUSDC $ 1.00
$ 2.05M
$ 2.05 million
+0.09%
36 ckETH ckETH $ 2,226.18
$ 1.38M
$ 1.38 million
-1.76%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,631.63
$ 31.21T
$ 31.21 trillion
-2.40%
38 Wrapped Banano WBAN $ 1,953.85
$ 72.44B
$ 72.44 billion
+375.23M%
39 Wrapped DOGE WDOGE $ 0.113
$ 14.58B
$ 14.58 billion
-3.06%
40 Wrapped BTC (BitGo) WBTC $ 78,861.08
$ 9.34B
$ 9.34 billion
-2.30%
41 USDC (BASE) USDC $ 0.822
$ 3.57B
$ 3.57 billion
-17.86%
42 Wrapped Binance Beacon ETH WBETH $ 2,445.14
$ 3.03B
$ 3.03 billion
-1.94%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.956
$ 1.23B
$ 1.23 billion
-5.21%
44 USDC (Avalance) USDC $ 0.953
$ 687.72M
$ 687.72 million
-4.56%
45 Wrapped BTC (Wormhole) WBTC $ 78,952.54
$ 250.55M
$ 250.55 million
-2.47%
46 Binance Wrapped BTC BBTC $ 79,084.04
$ 229.34M
$ 229.34 million
-2.60%
47 Gate Wrapped BTC GTBTC $ 79,401.28
$ 182.59M
$ 182.59 million
-2.56%
48 Wrapped Fantom WFTM $ 0.0538
$ 115.11M
$ 115.11 million
-4.98%
49 TRON peg TRX $ 0.351
$ 104.83M
$ 104.83 million
-0.55%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,367.87
$ 74.38M
$ 74.38 million
+8.63%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.02
$ 2.46M
$ 2.46 million
-0.36%
Binance-Peg BSC-USD BSC-USD $ 1.03
$ 9.26B
$ 9.26 billion
-1.71%
Wrapped eETH weETH $ 2,439.67
$ 4.24B
$ 4.24 billion
-1.94%
Rocket Pool ETH RETH $ 2,593.52
$ 865.15M
$ 865.15 million
-1.98%
Coinbase Wrapped Staked ETH CBETH $ 2,520.31
$ 294.56M
$ 294.56 million
-1.98%
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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