Wrapped coins

215 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 $ 2,275.83
$ 21.30B
$ 21.30 billion
-1.82%
2 Wrapped BTC WBTC $ 76,452.59
$ 10.51B
$ 10.51 billion
-1.55%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,809.41
$ 9.51B
$ 9.51 billion
-1.64%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.22%
5 Wrapped Ether WETH $ 2,281.19
$ 6.07B
$ 6.07 billion
-1.79%
6 Wrapped eETH weETH $ 2,491.93
$ 5.16B
$ 5.16 billion
-1.60%
7 Bitcoin BEP2 BTCB $ 76,633.40
$ 3.23B
$ 3.23 billion
-1.52%
8 Coinbase Wrapped BTC CBBTC $ 76,624.31
$ 2.82B
$ 2.82 billion
-1.67%
9 Wrapped BNB WBNB $ 622.86
$ 1.07B
$ 1.07 billion
-0.72%
10 Rocket Pool ETH RETH $ 2,659.11
$ 891.45M
$ 891.45 million
-1.46%
11 Jito Staked SOL JITOSOL $ 106.78
$ 871.89M
$ 871.89 million
-1.95%
12 Binance Staked SOL BNSOL $ 92.82
$ 864.48M
$ 864.48 million
-2.10%
13 Lombard Staked Bitcoin LBTC $ 77,004.31
$ 816.80M
$ 816.80 million
-1.45%
14 tBTC v2 TBTC $ 76,664.21
$ 407.48M
$ 407.48 million
-1.49%
15 Binance-Peg XRP Token XRP $ 1.39
$ 317.94M
$ 317.94 million
-1.64%
16 Coinbase Wrapped Staked ETH CBETH $ 2,572.01
$ 300.31M
$ 300.31 million
-1.73%
17 Bitcoin Avalanche Bridged BTC.b $ 76,746.86
$ 295.12M
$ 295.12 million
-1.28%
18 Marinade staked SOL MSOL $ 115.03
$ 267.64M
$ 267.64 million
-1.82%
19 Wrapped AVAX WAVAX $ 9.19
$ 152.77M
$ 152.77 million
-0.68%
20 Wrapped Solana SOL $ 83.73
$ 125.56M
$ 125.56 million
-2.06%
21 Wrapped Centrifuge CFG $ 0.211
$ 122.04M
$ 122.04 million
+3.13%
22 Wrapped NXM WNXM $ 54.09
$ 25.83M
$ 25.83 million
-2.09%
23 Wrapped Matic WMATIC $ 0.0915
$ 13.03M
$ 13.03 million
-0.07%
24 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.09%
25 Wrapped NCG WNCG $ 0.00564
$ 1.81M
$ 1.81 million
+4.28%

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

26 Ethena Staked USDe sUSDe $ 2.19
$ 6.81B
$ 6.81 billion
+0.56%
27 Mantle Staked Ether METH $ 2,493.94
$ 627.41M
$ 627.41 million
-1.66%
28 Solv BTC SOLVBTC $ 76,838.63
$ 484.94M
$ 484.94 million
-1.24%
29 Jupiter Staked SOL JUPSOL $ 99.13
$ 424.01M
$ 424.01 million
-1.95%
30 BybitSOL BBSOL $ 96.05
$ 96.87M
$ 96.87 million
-2.02%
31 Coinbase Wrapped XRP CBXRP $ 1.39
$ 86.43M
$ 86.43 million
-1.68%
32 Wrapped TAO WTAO $ 250.81
$ 27.75M
$ 27.75 million
+0.58%
33 ckBTC ckBTC $ 75,319.16
$ 21.87M
$ 21.87 million
-3.81%
34 renBTC RENBTC $ 16,820.36
$ 5.12M
$ 5.12 million
-1.51%
35 ckUSDC CKUSDC $ 0.998
$ 1.58M
$ 1.58 million
-0.22%
36 ckETH ckETH $ 2,257.72
$ 1.40M
$ 1.40 million
-3.13%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,610.73
$ 31.30T
$ 31.30 trillion
-0.13%
38 USDC (BASE) USDC $ 6.64
$ 28.82B
$ 28.82 billion
+563.96%
39 Wrapped BTC (BitGo) WBTC $ 76,835.11
$ 9.20B
$ 9.20 billion
-0.88%
40 Wrapped Binance Beacon ETH WBETH $ 2,497.89
$ 3.24B
$ 3.24 billion
-1.71%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.12%
42 USDC (Avalance) USDC $ 1.00
$ 722.87M
$ 722.87 million
+0.12%
43 Wrapped BTC (Wormhole) WBTC $ 76,486.32
$ 242.72M
$ 242.72 million
-1.58%
44 Binance Wrapped BTC BBTC $ 76,716.34
$ 222.48M
$ 222.48 million
-1.29%
45 Gate Wrapped BTC GTBTC $ 76,898.85
$ 176.84M
$ 176.84 million
-1.62%
46 Wrapped Fantom WFTM $ 0.0472
$ 103.24M
$ 103.24 million
+2.10%
47 TRON peg TRX $ 0.324
$ 96.67M
$ 96.67 million
-0.03%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,081.69
$ 65.39M
$ 65.39 million
-8.59%
49 Binance-Peg Bitcoin Cash Token BCH $ 452.35
$ 43.65M
$ 43.65 million
+0.97%
50 Bitget Wrapped BTC BGBTC $ 76,597.36
$ 39.72M
$ 39.72 million
-1.79%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00564
$ 1.81M
$ 1.81 million
+4.28%
Wrapped Centrifuge CFG $ 0.211
$ 122.04M
$ 122.04 million
+3.13%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.22%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+0.09%
Wrapped Matic WMATIC $ 0.0915
$ 13.03M
$ 13.03 million
-0.07%
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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