Wrapped coins

222 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 Live Price Market cap 24h
1 Lido Staked Ether stETH $ 2,067.50
$ 18.32B
$ 18.32 billion
-2.91%
2 Wrapped BTC WBTC $ 75,203.99
$ 10.33B
$ 10.33 billion
-2.61%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.19%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,553.01
$ 8.60B
$ 8.60 billion
-2.90%
5 Wrapped Ether WETH $ 2,066.09
$ 5.49B
$ 5.49 billion
-3.00%
6 Wrapped eETH weETH $ 2,264.59
$ 3.69B
$ 3.69 billion
-2.94%
7 Bitcoin BEP2 BTCB $ 75,523.63
$ 3.18B
$ 3.18 billion
-2.32%
8 Coinbase Wrapped BTC CBBTC $ 75,413.99
$ 3.08B
$ 3.08 billion
-2.59%
9 Wrapped BNB WBNB $ 651.21
$ 1.13B
$ 1.13 billion
-0.17%
10 Binance Staked SOL BNSOL $ 94.24
$ 936.96M
$ 936.96 million
-2.53%
11 Jito Staked SOL JITOSOL $ 108.16
$ 858.71M
$ 858.71 million
-2.41%
12 Rocket Pool ETH RETH $ 2,404.46
$ 803.62M
$ 803.62 million
-3.09%
13 Lombard Staked Bitcoin LBTC $ 75,556.18
$ 800.61M
$ 800.61 million
-2.69%
14 Mantle Staked Ether METH $ 2,255.21
$ 465.60M
$ 465.60 million
-2.93%
15 tBTC v2 TBTC $ 75,355.11
$ 360.88M
$ 360.88 million
-2.60%
16 Binance-Peg XRP Token XRP $ 1.34
$ 305.27M
$ 305.27 million
-2.12%
17 Bitcoin Avalanche Bridged BTC.b $ 75,444.78
$ 290.00M
$ 290.00 million
-2.56%
18 Coinbase Wrapped Staked ETH CBETH $ 2,338.21
$ 273.27M
$ 273.27 million
-2.87%
19 Marinade staked SOL MSOL $ 116.53
$ 270.21M
$ 270.21 million
-2.61%
20 Wrapped Centrifuge CFG $ 0.281
$ 161.60M
$ 161.60 million
-10.78%
21 Wrapped AVAX WAVAX $ 9.14
$ 147.47M
$ 147.47 million
-2.90%
22 Wrapped Solana SOL $ 84.56
$ 126.83M
$ 126.83 million
-2.50%
23 Coinbase Wrapped XRP CBXRP $ 1.34
$ 100.18M
$ 100.18 million
-2.40%
24 Wrapped NXM WNXM $ 54.01
$ 23.18M
$ 23.18 million
+0.44%
25 Wrapped Matic WMATIC $ 0.0906
$ 12.90M
$ 12.90 million
-1.14%
26 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+2.43%

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

27 Ethena Staked USDe sUSDe $ 3.52
$ 10.97B
$ 10.97 billion
+0.23%
28 Wrapped TRON WTRX $ 0.362
$ 1.43B
$ 1.43 billion
-0.84%
29 Solv BTC SOLVBTC $ 75,400.98
$ 478.33M
$ 478.33 million
-2.21%
30 Jupiter Staked SOL JUPSOL $ 100.24
$ 429.89M
$ 429.89 million
-2.76%
31 BybitSOL BBSOL $ 97.41
$ 114.17M
$ 114.17 million
-2.70%
32 Wrapped TAO WTAO $ 265.31
$ 28.54M
$ 28.54 million
-4.83%
33 ckBTC ckBTC $ 75,537.04
$ 14.53M
$ 14.53 million
-2.71%
34 renBTC RENBTC $ 18,746.62
$ 5.71M
$ 5.71 million
+4.83%
35 ckUSDC CKUSDC $ 1.02
$ 2.07M
$ 2.07 million
+1.23%
36 Wrapped NCG WNCG $ 0.00538
$ 1.72M
$ 1.72 million
-2.39%
37 ckETH ckETH $ 2,067.77
$ 1.28M
$ 1.28 million
-3.35%
38 ckOCT CKOCT $ 0.00687
$ 121.61T
$ 121.61 trillion
+51.14%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,493.80
$ 67.31T
$ 67.31 trillion
+0.44%
40 Wrapped BTC (BitGo) WBTC $ 75,246.41
$ 8.91B
$ 8.91 billion
-2.50%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
+2.53%
42 Wrapped Binance Beacon ETH WBETH $ 2,267.79
$ 2.81B
$ 2.81 billion
-2.90%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-1.17%
44 USDC (Avalance) USDC $ 1.000
$ 721.31M
$ 721.31 million
-0.03%
45 Wrapped BTC (Wormhole) WBTC $ 75,188.77
$ 226.31M
$ 226.31 million
-2.62%
46 Binance Wrapped BTC BBTC $ 75,372.86
$ 218.58M
$ 218.58 million
-2.64%
47 Gate Wrapped BTC GTBTC $ 75,608.65
$ 173.87M
$ 173.87 million
-2.73%
48 TRON peg TRX $ 0.361
$ 107.88M
$ 107.88 million
-0.95%
49 Wrapped Fantom WFTM $ 0.0492
$ 107.55M
$ 107.55 million
+1.13%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,177.49
$ 68.40M
$ 68.40 million
+7.66%
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Trending Wrapped coins

Top Gainers
Coins Live Price Market cap 24h
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.43M
$ 2.43 million
+2.43%
Wrapped NXM WNXM $ 54.01
$ 23.18M
$ 23.18 million
+0.44%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.19%
Wrapped BNB WBNB $ 651.21
$ 1.13B
$ 1.13 billion
-0.17%
Wrapped Matic WMATIC $ 0.0906
$ 12.90M
$ 12.90 million
-1.14%
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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