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 $ 1,946.47
$ 17.17B
$ 17.17 billion
-4.73%
2 Wrapped BTC WBTC $ 65,970.18
$ 9.07B
$ 9.07 billion
-2.66%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.09%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,394.22
$ 7.64B
$ 7.64 billion
-4.53%
5 Wrapped eETH weETH $ 2,125.20
$ 6.05B
$ 6.05 billion
-4.33%
6 Wrapped Ether WETH $ 1,947.16
$ 5.18B
$ 5.18 billion
-4.70%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 66,163.83
$ 2.91B
$ 2.91 billion
-2.54%
9 Bitcoin BEP2 BTCB $ 66,130.73
$ 2.58B
$ 2.58 billion
-2.54%
10 Jito Staked SOL JITOSOL $ 106.32
$ 1.20B
$ 1.20 billion
-4.22%
11 Wrapped BNB WBNB $ 619.05
$ 872.43M
$ 872.43 million
-1.70%
12 Rocket Pool ETH RETH $ 2,278.64
$ 817.77M
$ 817.77 million
-2.80%
13 Lombard Staked Bitcoin LBTC $ 66,301.22
$ 700.89M
$ 700.89 million
-2.24%
14 Mantle Staked Ether METH $ 2,105.53
$ 448.31M
$ 448.31 million
-5.36%
15 Solv BTC SOLVBTC $ 66,244.58
$ 421.46M
$ 421.46 million
-0.83%
16 tBTC v2 TBTC $ 66,134.67
$ 391.05M
$ 391.05 million
-2.41%
17 Binance-Peg XRP Token XRP $ 1.36
$ 334.10M
$ 334.10 million
-4.08%
18 Marinade staked SOL MSOL $ 114.76
$ 291.00M
$ 291.00 million
-3.48%
19 Coinbase Wrapped Staked ETH CBETH $ 2,187.35
$ 275.03M
$ 275.03 million
-4.22%
20 Wrapped AVAX WAVAX $ 9.05
$ 149.77M
$ 149.77 million
-3.49%
21 Wrapped Solana SOL $ 83.96
$ 125.93M
$ 125.93 million
-4.24%
22 BybitSOL BBSOL $ 95.46
$ 113.01M
$ 113.01 million
-4.69%
23 Wrapped Centrifuge CFG $ 0.154
$ 88.57M
$ 88.57 million
+33.84%
24 Coinbase Wrapped XRP CBXRP $ 1.36
$ 29.08M
$ 29.08 million
-3.61%
25 Wrapped NXM WNXM $ 50.36
$ 24.35M
$ 24.35 million
+1.18%
26 Wrapped TAO WTAO $ 178.57
$ 21.14M
$ 21.14 million
-4.61%
27 Wrapped Matic WMATIC $ 0.107
$ 15.24M
$ 15.24 million
-4.31%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.19%

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

29 Wrapped TRON WTRX $ 0.282
$ 3.61B
$ 3.61 billion
-0.43%
30 Binance Staked SOL BNSOL $ 92.28
$ 905.34M
$ 905.34 million
-4.51%
31 Jupiter Staked SOL JUPSOL $ 98.54
$ 412.69M
$ 412.69 million
-3.94%
32 Bitcoin Avalanche Bridged BTC.b $ 66,104.76
$ 254.10M
$ 254.10 million
-2.47%
33 ckBTC ckBTC $ 66,664.73
$ 31.47M
$ 31.47 million
-4.86%
34 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-9.36%
35 Wrapped NCG WNCG $ 0.00545
$ 1.75M
$ 1.75 million
+0.94%
36 ckETH ckETH $ 1,970.51
$ 1.22M
$ 1.22 million
-4.08%
37 renBTC RENBTC $ 3,076.29
$ 936,724
$ 936,724
-1.35%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,240.94
$ 46.86T
$ 46.86 trillion
+12.02%
39 Wrapped DOGE WDOGE $ 0.108
$ 13.96B
$ 13.96 billion
-3.66%
40 USDC (BASE) USDC $ 1.00
$ 4.36B
$ 4.36 billion
+0.52%
41 Wrapped Binance Beacon ETH WBETH $ 2,121.89
$ 2.76B
$ 2.76 billion
-4.81%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.01%
43 USDC (Avalance) USDC $ 1.00
$ 722.56M
$ 722.56 million
+0.35%
44 Wrapped BTC (Wormhole) WBTC $ 65,081.84
$ 260.15M
$ 260.15 million
-3.74%
45 Binance Wrapped BTC BBTC $ 66,126.96
$ 191.77M
$ 191.77 million
-2.56%
46 Gate Wrapped BTC GTBTC $ 67,018.66
$ 154.12M
$ 154.12 million
-1.59%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.63M
$ 121.63 million
+0.01%
48 Aave Avalanche BTC.b aAvaBTC.b $ 42,870.30
$ 119.72M
$ 119.72 million
-35.60%
49 TRON peg TRX $ 0.281
$ 83.86M
$ 83.86 million
-0.62%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,093.51
$ 65.76M
$ 65.76 million
+0.91%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.154
$ 88.57M
$ 88.57 million
+33.84%
Wrapped NXM WNXM $ 50.36
$ 24.35M
$ 24.35 million
+1.18%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.19%
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.02%
Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
-0.09%
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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