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 $ 2,112.44
$ 18.63B
$ 18.63 billion
+6.62%
2 Wrapped BTC WBTC $ 72,291.90
$ 9.93B
$ 9.93 billion
+5.90%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.04%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,590.67
$ 8.27B
$ 8.27 billion
+6.41%
5 Wrapped eETH weETH $ 2,300.78
$ 6.55B
$ 6.55 billion
+6.61%
6 Wrapped Ether WETH $ 2,112.93
$ 5.62B
$ 5.62 billion
+6.57%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.17%
8 Coinbase Wrapped BTC CBBTC $ 72,581.38
$ 3.19B
$ 3.19 billion
+6.07%
9 Bitcoin BEP2 BTCB $ 72,524.36
$ 3.05B
$ 3.05 billion
+5.99%
10 Jito Staked SOL JITOSOL $ 113.60
$ 1.28B
$ 1.28 billion
+2.78%
11 Wrapped BNB WBNB $ 653.42
$ 920.86M
$ 920.86 million
+3.03%
12 Rocket Pool ETH RETH $ 2,460.26
$ 882.95M
$ 882.95 million
+7.03%
13 Lombard Staked Bitcoin LBTC $ 73,174.92
$ 773.62M
$ 773.62 million
+6.76%
14 Mantle Staked Ether METH $ 2,297.66
$ 489.21M
$ 489.21 million
+6.46%
15 Solv BTC SOLVBTC $ 72,669.61
$ 474.26M
$ 474.26 million
+6.22%
16 tBTC v2 TBTC $ 72,662.69
$ 429.65M
$ 429.65 million
+6.11%
17 Binance-Peg XRP Token XRP $ 1.42
$ 349.66M
$ 349.66 million
+4.48%
18 Marinade staked SOL MSOL $ 122.58
$ 310.22M
$ 310.22 million
+2.95%
19 Coinbase Wrapped Staked ETH CBETH $ 2,373.32
$ 298.39M
$ 298.39 million
+6.45%
20 Bitcoin Avalanche Bridged BTC.b $ 72,798.77
$ 279.83M
$ 279.83 million
+6.62%
21 Wrapped Solana SOL $ 89.80
$ 167.86M
$ 167.86 million
+2.86%
22 Wrapped AVAX WAVAX $ 9.50
$ 157.17M
$ 157.17 million
+3.49%
23 BybitSOL BBSOL $ 102.03
$ 120.94M
$ 120.94 million
+3.08%
24 Wrapped Centrifuge CFG $ 0.166
$ 95.46M
$ 95.46 million
+36.62%
25 Coinbase Wrapped XRP CBXRP $ 1.43
$ 30.43M
$ 30.43 million
+4.52%
26 Wrapped NXM WNXM $ 54.47
$ 26.33M
$ 26.33 million
+5.90%
27 Wrapped Matic WMATIC $ 0.103
$ 14.71M
$ 14.71 million
+1.95%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.03%

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

29 Binance Staked SOL BNSOL $ 98.77
$ 968.72M
$ 968.72 million
+2.92%
30 Jupiter Staked SOL JUPSOL $ 105.64
$ 442.16M
$ 442.16 million
+3.01%
31 ckBTC ckBTC $ 72,037.88
$ 34.00M
$ 34.00 million
+5.77%
32 Wrapped TAO WTAO $ 188.16
$ 22.28M
$ 22.28 million
+3.88%
33 ckUSDC CKUSDC $ 0.995
$ 1.85M
$ 1.85 million
-1.12%
34 Wrapped NCG WNCG $ 0.00547
$ 1.75M
$ 1.75 million
+1.24%
35 ckETH ckETH $ 2,121.51
$ 1.31M
$ 1.31 million
+6.68%
36 renBTC RENBTC $ 3,234.37
$ 984,861
$ 984,861
+6.45%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,768.29
$ 42.63T
$ 42.63 trillion
-6.51%
38 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.04%
39 Wrapped Binance Beacon ETH WBETH $ 2,303.46
$ 3.00B
$ 3.00 billion
+6.52%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.07%
41 USDC (Avalance) USDC $ 1.00
$ 721.91M
$ 721.91 million
+0.19%
42 Wrapped BTC (Wormhole) WBTC $ 72,389.65
$ 289.37M
$ 289.37 million
+6.03%
43 Binance Wrapped BTC BBTC $ 72,852.78
$ 211.27M
$ 211.27 million
+6.29%
44 Gate Wrapped BTC GTBTC $ 72,713.86
$ 167.21M
$ 167.21 million
+5.95%
45 TRON peg TRX $ 0.287
$ 85.75M
$ 85.75 million
+2.54%
46 Kelp DAO Wrapped rsETH WRSETH $ 2,269.75
$ 71.30M
$ 71.30 million
+7.33%
47 Binance-Peg Bitcoin Cash Token BCH $ 459.53
$ 44.34M
$ 44.34 million
+3.58%
48 Wrapped BTC WBTC.E $ 72,644.91
$ 31.82M
$ 31.82 million
+6.71%
49 ETH by Sui Bridge ETH $ 2,121.30
$ 29.17M
$ 29.17 million
+7.07%
50 Wrapped XRP WXRP $ 1.44
$ 25.79M
$ 25.79 million
+5.39%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.166
$ 95.46M
$ 95.46 million
+36.62%
Rocket Pool ETH RETH $ 2,460.26
$ 882.95M
$ 882.95 million
+7.03%
Lombard Staked Bitcoin LBTC $ 73,174.92
$ 773.62M
$ 773.62 million
+6.76%
Bitcoin Avalanche Bridged BTC.b $ 72,798.77
$ 279.83M
$ 279.83 million
+6.62%
Lido Staked Ether stETH $ 2,112.44
$ 18.63B
$ 18.63 billion
+6.62%
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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