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 $ 2,040.04
$ 17.99B
$ 17.99 billion
+1.13%
2 Wrapped BTC WBTC $ 69,595.78
$ 9.57B
$ 9.57 billion
+0.33%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.07%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,506.63
$ 8.00B
$ 8.00 billion
+1.02%
5 Wrapped eETH weETH $ 2,221.92
$ 6.32B
$ 6.32 billion
+1.12%
6 Wrapped Ether WETH $ 2,041.51
$ 5.43B
$ 5.43 billion
+1.21%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 69,944.47
$ 3.07B
$ 3.07 billion
+0.57%
9 Bitcoin BEP2 BTCB $ 69,771.44
$ 2.93B
$ 2.93 billion
+0.47%
10 Jito Staked SOL JITOSOL $ 108.50
$ 1.22B
$ 1.22 billion
+0.48%
11 Binance Staked SOL BNSOL $ 94.27
$ 925.32M
$ 925.32 million
+0.63%
12 Wrapped BNB WBNB $ 646.78
$ 911.40M
$ 911.40 million
+0.92%
13 Lombard Staked Bitcoin LBTC $ 69,909.11
$ 740.13M
$ 740.13 million
+0.08%
14 Jupiter Staked SOL JUPSOL $ 104.06
$ 435.79M
$ 435.79 million
+3.89%
15 tBTC v2 TBTC $ 69,612.32
$ 411.27M
$ 411.27 million
+0.12%
16 Coinbase Wrapped Staked ETH CBETH $ 2,296.44
$ 288.74M
$ 288.74 million
+1.20%
17 Bitcoin Avalanche Bridged BTC.b $ 69,807.06
$ 268.33M
$ 268.33 million
+0.38%
18 Marinade staked SOL MSOL $ 116.58
$ 243.04M
$ 243.04 million
+0.26%
19 Wrapped Solana SOL $ 85.45
$ 159.72M
$ 159.72 million
+0.16%
20 Wrapped AVAX WAVAX $ 9.56
$ 134.85M
$ 134.85 million
+0.33%
21 BybitSOL BBSOL $ 97.20
$ 113.79M
$ 113.79 million
+0.41%
22 Wrapped Centrifuge CFG $ 0.125
$ 71.93M
$ 71.93 million
-3.71%
23 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.27M
$ 29.27 million
-0.22%
24 Wrapped TAO WTAO $ 207.27
$ 24.54M
$ 24.54 million
+5.53%
25 Wrapped Matic WMATIC $ 0.0984
$ 14.00M
$ 14.00 million
+2.17%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
-0.01%
27 Wrapped NCG WNCG $ 0.00531
$ 1.70M
$ 1.70 million
-0.25%

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

28 Rocket Pool ETH RETH $ 2,368.49
$ 850.01M
$ 850.01 million
+1.16%
29 Mantle Staked Ether METH $ 2,217.90
$ 472.24M
$ 472.24 million
+0.92%
30 Solv BTC SOLVBTC $ 69,638.18
$ 449.46M
$ 449.46 million
+0.25%
31 Binance-Peg XRP Token XRP $ 1.38
$ 338.16M
$ 338.16 million
-0.02%
32 ckBTC ckBTC $ 69,300.38
$ 32.71M
$ 32.71 million
-0.27%
33 Wrapped NXM WNXM $ 53.42
$ 25.83M
$ 25.83 million
+3.01%
34 ckUSDC CKUSDC $ 0.994
$ 1.85M
$ 1.85 million
-0.48%
35 ckETH ckETH $ 2,028.32
$ 1.25M
$ 1.25 million
+0.44%
36 renBTC RENBTC $ 3,787.90
$ 1.16M
$ 1.16 million
+6.46%
37 ckOCT CKOCT $ 0.00342
$ 60.50T
$ 60.50 trillion
-4.12%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,133.51
$ 45.90T
$ 45.90 trillion
-0.06%
39 Wrapped DOGE WDOGE $ 0.111
$ 14.28B
$ 14.28 billion
+6.78%
40 Wrapped BTC (BitGo) WBTC $ 69,552.18
$ 8.32B
$ 8.32 billion
-0.21%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.02%
42 Wrapped Binance Beacon ETH WBETH $ 2,227.91
$ 2.90B
$ 2.90 billion
+1.25%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.01%
44 USDC (Avalance) USDC $ 0.999
$ 720.94M
$ 720.94 million
-0.16%
45 Wrapped BTC (Wormhole) WBTC $ 69,633.52
$ 278.35M
$ 278.35 million
+0.33%
46 Binance Wrapped BTC BBTC $ 69,767.39
$ 202.33M
$ 202.33 million
+0.27%
47 Gate Wrapped BTC GTBTC $ 69,990.02
$ 160.93M
$ 160.93 million
+0.44%
48 TRON peg TRX $ 0.290
$ 86.73M
$ 86.73 million
+1.23%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,170.38
$ 68.17M
$ 68.17 million
+0.77%
50 Binance-Peg Bitcoin Cash Token BCH $ 456.03
$ 44.01M
$ 44.01 million
+1.62%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 207.27
$ 24.54M
$ 24.54 million
+5.53%
Jupiter Staked SOL JUPSOL $ 104.06
$ 435.79M
$ 435.79 million
+3.89%
Wrapped Matic WMATIC $ 0.0984
$ 14.00M
$ 14.00 million
+2.17%
Wrapped Ether WETH $ 2,041.51
$ 5.43B
$ 5.43 billion
+1.21%
Coinbase Wrapped Staked ETH CBETH $ 2,296.44
$ 288.74M
$ 288.74 million
+1.20%
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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