Wrapped coins

0 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 $ 3,299.85
$ 29.10B
$ 29.10 billion
+0.40%
2 Wrapped BTC WBTC $ 94,809.52
$ 13.02B
$ 13.02 billion
-0.31%
3 Wrapped liquid staked Ether 2.0 wstETH $ 4,043.55
$ 12.91B
$ 12.91 billion
+0.40%
4 Wrapped eETH weETH $ 3,584.77
$ 10.20B
$ 10.20 billion
+0.42%
5 Binance-Peg BSC-USD BSC-USD $ 0.996
$ 8.94B
$ 8.94 billion
-0.27%
6 Wrapped Ether WETH $ 3,302.10
$ 8.78B
$ 8.78 billion
+0.34%
7 Coinbase Wrapped BTC CBBTC $ 94,973.44
$ 3.98B
$ 3.98 billion
-0.35%
8 Bitcoin BEP2 BTCB $ 94,605.43
$ 3.71B
$ 3.71 billion
-0.69%
9 Ethena Staked USDe sUSDe $ 1.22
$ 3.66B
$ 3.66 billion
-0.34%
10 Jito Staked SOL JITOSOL $ 178.77
$ 2.04B
$ 2.04 billion
-1.42%
11 Rocket Pool ETH RETH $ 3,815.79
$ 1.37B
$ 1.37 billion
+0.49%
12 Wrapped BNB WBNB $ 945.16
$ 1.33B
$ 1.33 billion
+0.86%
13 Lombard Staked Bitcoin LBTC $ 95,039.04
$ 1.01B
$ 1.01 billion
-0.54%
14 tBTC v2 TBTC $ 94,936.85
$ 561.35M
$ 561.35 million
-0.26%
15 Marinade staked SOL MSOL $ 192.70
$ 487.87M
$ 487.87 million
-1.41%
16 Coinbase Wrapped Staked ETH CBETH $ 3,697.87
$ 464.94M
$ 464.94 million
+0.48%
17 Bitcoin Avalanche Bridged BTC.b $ 94,825.09
$ 363.86M
$ 363.86 million
-0.74%
18 BybitSOL BBSOL $ 160.49
$ 257.97M
$ 257.97 million
-1.67%
19 Wrapped AVAX WAVAX $ 13.68
$ 226.27M
$ 226.27 million
+0.62%
20 Wrapped Centrifuge CFG $ 0.132
$ 75.94M
$ 75.94 million
+0.09%
21 Coinbase Wrapped XRP CBXRP $ 2.06
$ 43.75M
$ 43.75 million
-0.43%
22 Wrapped Matic WMATIC $ 0.144
$ 20.49M
$ 20.49 million
-0.65%
23 Wrapped NCG WNCG $ 0.00879
$ 2.82M
$ 2.82 million
+1.36%
24 Axelar Wrapped USDC AXLUSDC $ 0.995
$ 2.50M
$ 2.50 million
-0.24%

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

25 Wrapped TRON WTRX $ 0.318
$ 4.08B
$ 4.08 billion
+2.60%
26 Binance Staked SOL BNSOL $ 155.62
$ 1.49B
$ 1.49 billion
-1.47%
27 Mantle Staked Ether METH $ 3,573.80
$ 760.93M
$ 760.93 million
+0.36%
28 Jupiter Staked SOL JUPSOL $ 166.01
$ 676.53M
$ 676.53 million
-1.26%
29 Binance-Peg XRP Token XRP $ 2.05
$ 504.13M
$ 504.13 million
-0.76%
30 ckBTC ckBTC $ 94,983.72
$ 44.83M
$ 44.83 million
-0.41%
31 Wrapped NXM WNXM $ 78.74
$ 38.05M
$ 38.05 million
-1.78%
32 Wrapped TAO WTAO $ 277.45
$ 32.85M
$ 32.85 million
+0.56%
33 ckETH ckETH $ 3,292.49
$ 2.04M
$ 2.04 million
-0.19%
34 ckUSDC CKUSDC $ 1.00
$ 1.85M
$ 1.85 million
+0.08%
35 renBTC RENBTC $ 5,007.17
$ 1.52M
$ 1.52 million
-0.96%
36 ckOCT CKOCT $ 0.0405
$ 716.53T
$ 716.53 trillion
-13.74%
37 Wrapped DOGE WDOGE $ 0.159
$ 20.57B
$ 20.57 billion
-0.53%
38 Wrapped Binance Beacon ETH WBETH $ 3,592.27
$ 5.03B
$ 5.03 billion
+0.36%
39 USDC (BASE) USDC $ 1.00
$ 4.41B
$ 4.41 billion
+0.22%
40 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.995
$ 1.28B
$ 1.28 billion
-0.18%
41 USDC (Avalance) USDC $ 1.00
$ 721.73M
$ 721.73 million
-0.00%
42 Wrapped BTC (Wormhole) WBTC $ 94,809.30
$ 378.99M
$ 378.99 million
-0.28%
43 Binance Wrapped BTC BBTC $ 95,130.44
$ 275.88M
$ 275.88 million
-0.10%
44 Gate Wrapped BTC GTBTC $ 95,201.29
$ 218.92M
$ 218.92 million
-0.28%
45 Kelp DAO Wrapped rsETH WRSETH $ 3,505.03
$ 110.10M
$ 110.10 million
+0.33%
46 TRON peg TRX $ 0.318
$ 95.03M
$ 95.03 million
+2.67%
47 Binance-Peg Bitcoin Cash Token BCH $ 592.84
$ 57.21M
$ 57.21 million
-1.13%
48 ETH by Sui Bridge ETH $ 3,296.35
$ 43.62M
$ 43.62 million
+0.40%
49 Wrapped BTC WBTC.E $ 94,745.39
$ 41.50M
$ 41.50 million
-0.54%
50 Wrapped XRP WXRP $ 2.07
$ 37.13M
$ 37.13 million
-0.07%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00879
$ 2.82M
$ 2.82 million
+1.36%
Wrapped BNB WBNB $ 945.16
$ 1.33B
$ 1.33 billion
+0.86%
Wrapped AVAX WAVAX $ 13.68
$ 226.27M
$ 226.27 million
+0.62%
Rocket Pool ETH RETH $ 3,815.79
$ 1.37B
$ 1.37 billion
+0.49%
Coinbase Wrapped Staked ETH CBETH $ 3,697.87
$ 464.94M
$ 464.94 million
+0.48%
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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