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 $ 1,860.82
$ 16.40B
$ 16.40 billion
-6.69%
2 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.14%
3 Wrapped BTC WBTC $ 63,809.50
$ 8.76B
$ 8.76 billion
-4.73%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,280.16
$ 7.28B
$ 7.28 billion
-6.90%
5 Wrapped eETH weETH $ 2,022.49
$ 5.75B
$ 5.75 billion
-6.79%
6 Wrapped Ether WETH $ 1,864.90
$ 4.96B
$ 4.96 billion
-7.21%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 63,923.84
$ 2.81B
$ 2.81 billion
-4.42%
9 Bitcoin BEP2 BTCB $ 63,913.33
$ 2.49B
$ 2.49 billion
-5.06%
10 Jito Staked SOL JITOSOL $ 99.24
$ 1.11B
$ 1.11 billion
-8.13%
11 Binance Staked SOL BNSOL $ 86.69
$ 850.35M
$ 850.35 million
-8.06%
12 Wrapped BNB WBNB $ 594.24
$ 837.59M
$ 837.59 million
-4.64%
13 Lombard Staked Bitcoin LBTC $ 63,899.36
$ 675.50M
$ 675.50 million
-4.48%
14 tBTC v2 TBTC $ 64,173.16
$ 379.42M
$ 379.42 million
-4.06%
15 Binance-Peg XRP Token XRP $ 1.29
$ 316.04M
$ 316.04 million
-9.72%
16 Marinade staked SOL MSOL $ 106.76
$ 270.19M
$ 270.19 million
-8.22%
17 Coinbase Wrapped Staked ETH CBETH $ 2,091.21
$ 263.17M
$ 263.17 million
-8.92%
18 Wrapped Solana SOL $ 78.81
$ 147.29M
$ 147.29 million
-7.76%
19 Wrapped AVAX WAVAX $ 8.55
$ 141.40M
$ 141.40 million
-8.35%
20 BybitSOL BBSOL $ 89.73
$ 104.47M
$ 104.47 million
-9.38%
21 Wrapped Centrifuge CFG $ 0.104
$ 59.47M
$ 59.47 million
-14.50%
22 Coinbase Wrapped XRP CBXRP $ 1.29
$ 27.37M
$ 27.37 million
-7.53%
23 Wrapped Matic WMATIC $ 0.102
$ 14.48M
$ 14.48 million
-10.93%
24 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.07%
25 Wrapped NCG WNCG $ 0.00544
$ 1.74M
$ 1.74 million
+0.77%

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

26 Wrapped TRON WTRX $ 0.279
$ 3.57B
$ 3.57 billion
-2.21%
27 Rocket Pool ETH RETH $ 2,153.18
$ 772.74M
$ 772.74 million
-6.88%
28 Mantle Staked Ether METH $ 2,024.04
$ 430.91M
$ 430.91 million
-8.54%
29 Solv BTC SOLVBTC $ 63,577.53
$ 404.46M
$ 404.46 million
-6.48%
30 Jupiter Staked SOL JUPSOL $ 91.76
$ 384.21M
$ 384.21 million
-8.38%
31 Bitcoin Avalanche Bridged BTC.b $ 63,882.83
$ 245.56M
$ 245.56 million
-5.98%
32 ckBTC ckBTC $ 63,651.13
$ 30.04M
$ 30.04 million
-5.64%
33 Wrapped NXM WNXM $ 48.83
$ 23.63M
$ 23.63 million
-5.83%
34 Wrapped TAO WTAO $ 167.86
$ 19.88M
$ 19.88 million
-12.26%
35 ckUSDC CKUSDC $ 1.01
$ 1.87M
$ 1.87 million
+0.79%
36 ckETH ckETH $ 1,854.92
$ 1.15M
$ 1.15 million
-8.30%
37 renBTC RENBTC $ 2,966.13
$ 903,182
$ 903,182
-4.30%
38 ckOCT CKOCT $ 0.00513
$ 90.90T
$ 90.90 trillion
-11.82%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,268.70
$ 47.11T
$ 47.11 trillion
+5.89%
40 Wrapped DOGE WDOGE $ 0.102
$ 13.15B
$ 13.15 billion
-5.77%
41 USDC (BASE) USDC $ 0.778
$ 3.38B
$ 3.38 billion
-22.24%
42 Wrapped Binance Beacon ETH WBETH $ 2,029.54
$ 2.64B
$ 2.64 billion
-6.56%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
+0.57%
44 USDC (Avalance) USDC $ 0.997
$ 719.03M
$ 719.03 million
-0.38%
45 Wrapped BTC (Wormhole) WBTC $ 63,660.19
$ 254.47M
$ 254.47 million
-4.57%
46 Binance Wrapped BTC BBTC $ 63,632.82
$ 184.54M
$ 184.54 million
-5.32%
47 Gate Wrapped BTC GTBTC $ 64,188.27
$ 147.47M
$ 147.47 million
-5.27%
48 TRON peg TRX $ 0.279
$ 83.34M
$ 83.34 million
-2.28%
49 Kelp DAO Wrapped rsETH WRSETH $ 1,970.51
$ 61.90M
$ 61.90 million
-10.03%
50 Binance-Peg Bitcoin Cash Token BCH $ 440.94
$ 42.55M
$ 42.55 million
-13.11%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00544
$ 1.74M
$ 1.74 million
+0.77%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.02%
Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.07%
Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.97B
$ 8.97 billion
-0.14%
tBTC v2 TBTC $ 64,173.16
$ 379.42M
$ 379.42 million
-4.06%
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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