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 $ 2,444.64
$ 21.55B
$ 21.55 billion
-9.48%
2 Wrapped BTC WBTC $ 78,614.85
$ 10.80B
$ 10.80 billion
-6.22%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,995.80
$ 9.56B
$ 9.56 billion
-9.32%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.07%
5 Wrapped eETH weETH $ 2,657.90
$ 7.56B
$ 7.56 billion
-9.28%
6 Wrapped Ether WETH $ 2,445.34
$ 6.50B
$ 6.50 billion
-9.38%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.65B
$ 3.65 billion
-0.16%
8 Coinbase Wrapped BTC CBBTC $ 78,830.30
$ 3.31B
$ 3.31 billion
-6.12%
9 Bitcoin BEP2 BTCB $ 78,984.93
$ 3.08B
$ 3.08 billion
-6.20%
10 Jito Staked SOL JITOSOL $ 132.41
$ 1.49B
$ 1.49 billion
-10.90%
11 Wrapped BNB WBNB $ 783.54
$ 1.11B
$ 1.11 billion
-7.91%
12 Binance Staked SOL BNSOL $ 115.51
$ 1.10B
$ 1.10 billion
-10.83%
13 Rocket Pool ETH RETH $ 2,828.80
$ 1.02B
$ 1.02 billion
-9.33%
14 Lombard Staked Bitcoin LBTC $ 79,116.25
$ 836.71M
$ 836.71 million
-5.86%
15 Mantle Staked Ether METH $ 2,643.34
$ 562.66M
$ 562.66 million
-9.65%
16 tBTC v2 TBTC $ 78,648.06
$ 465.28M
$ 465.28 million
-5.98%
17 Solv BTC SOLVBTC $ 53,669.24
$ 433.57M
$ 433.57 million
-5.45%
18 Binance-Peg XRP Token XRP $ 1.67
$ 408.86M
$ 408.86 million
-4.07%
19 Marinade staked SOL MSOL $ 142.33
$ 360.27M
$ 360.27 million
-11.02%
20 Coinbase Wrapped Staked ETH CBETH $ 2,734.49
$ 343.82M
$ 343.82 million
-9.59%
21 Bitcoin Avalanche Bridged BTC.b $ 78,778.81
$ 302.82M
$ 302.82 million
-6.05%
22 Wrapped Solana SOL $ 105.43
$ 197.04M
$ 197.04 million
-10.78%
23 BybitSOL BBSOL $ 119.48
$ 190.22M
$ 190.22 million
-10.84%
24 Wrapped AVAX WAVAX $ 10.29
$ 170.18M
$ 170.18 million
-4.85%
25 Wrapped Centrifuge CFG $ 0.0914
$ 52.51M
$ 52.51 million
-10.90%
26 Coinbase Wrapped XRP CBXRP $ 1.66
$ 35.26M
$ 35.26 million
-4.57%
27 Wrapped NXM WNXM $ 58.88
$ 28.44M
$ 28.44 million
-9.63%
28 Wrapped TAO WTAO $ 200.34
$ 23.72M
$ 23.72 million
-7.80%
29 Wrapped Matic WMATIC $ 0.107
$ 15.19M
$ 15.19 million
-4.34%
30 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
-0.03%
31 Wrapped NCG WNCG $ 0.00689
$ 2.21M
$ 2.21 million
+1.65%

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

32 Wrapped TRON WTRX $ 0.286
$ 3.66B
$ 3.66 billion
-2.23%
33 Jupiter Staked SOL JUPSOL $ 122.50
$ 498.57M
$ 498.57 million
-11.10%
34 ckBTC ckBTC $ 78,802.46
$ 37.19M
$ 37.19 million
-6.21%
35 ckUSDC CKUSDC $ 1.00
$ 1.84M
$ 1.84 million
-0.50%
36 ckETH ckETH $ 2,446.40
$ 1.51M
$ 1.51 million
-9.10%
37 renBTC RENBTC $ 3,674.27
$ 1.12M
$ 1.12 million
-6.42%
38 ckOCT CKOCT $ 0.0181
$ 320.78T
$ 320.78 trillion
-30.19%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,087.79
$ 45.49T
$ 45.49 trillion
-1.06%
40 Wrapped DOGE WDOGE $ 0.121
$ 15.60B
$ 15.60 billion
-11.52%
41 USDC (BASE) USDC $ 1.00
$ 4.42B
$ 4.42 billion
+0.23%
42 Wrapped Binance Beacon ETH WBETH $ 2,662.19
$ 3.73B
$ 3.73 billion
-9.52%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
-0.12%
44 USDC (Avalance) USDC $ 1.00
$ 721.94M
$ 721.94 million
+0.01%
45 Wrapped BTC (Wormhole) WBTC $ 78,487.29
$ 313.45M
$ 313.45 million
-6.37%
46 Binance Wrapped BTC BBTC $ 78,875.65
$ 228.74M
$ 228.74 million
-4.88%
47 Gate Wrapped BTC GTBTC $ 79,149.07
$ 182.01M
$ 182.01 million
-6.06%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.99M
$ 122.99 million
-0.01%
49 TRON peg TRX $ 0.285
$ 85.23M
$ 85.23 million
-2.23%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,579.48
$ 81.02M
$ 81.02 million
-11.82%
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Trending Wrapped coins

Top gainers
Coins Price Market cap 24h
Wrapped NCG WNCG $ 0.00689
$ 2.21M
$ 2.21 million
+1.65%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.07%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.52M
$ 2.52 million
-0.03%
Ethena Staked USDe sUSDe $ 1.22
$ 3.65B
$ 3.65 billion
-0.16%
Binance-Peg XRP Token XRP $ 1.67
$ 408.86M
$ 408.86 million
-4.07%
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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