Wrapped coins

221 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 $ 2,262.38
$ 19.85B
$ 19.85 billion
-2.97%
2 Wrapped BTC WBTC $ 80,190.99
$ 11.01B
$ 11.01 billion
-1.06%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,792.54
$ 9.35B
$ 9.35 billion
-2.85%
4 Binance-Peg BSC-USD BSC-USD $ 0.813
$ 7.31B
$ 7.31 billion
-11.17%
5 Wrapped Ether WETH $ 2,264.02
$ 6.02B
$ 6.02 billion
-2.75%
6 Wrapped eETH weETH $ 2,476.50
$ 4.34B
$ 4.34 billion
-2.65%
7 Coinbase Wrapped BTC CBBTC $ 80,318.86
$ 3.32B
$ 3.32 billion
-1.10%
8 Bitcoin BEP2 BTCB $ 67,092.53
$ 2.83B
$ 2.83 billion
-9.12%
9 Wrapped BNB WBNB $ 572.00
$ 987.13M
$ 987.13 million
+3.43%
10 Binance Staked SOL BNSOL $ 104.37
$ 972.05M
$ 972.05 million
-2.29%
11 Jito Staked SOL JITOSOL $ 120.26
$ 954.76M
$ 954.76 million
-1.78%
12 Rocket Pool ETH RETH $ 2,632.03
$ 878.02M
$ 878.02 million
-2.72%
13 Lombard Staked Bitcoin LBTC $ 80,929.80
$ 857.79M
$ 857.79 million
-0.55%
14 tBTC v2 TBTC $ 80,323.42
$ 415.49M
$ 415.49 million
-1.04%
15 Bitcoin Avalanche Bridged BTC.b $ 80,268.15
$ 308.55M
$ 308.55 million
-0.84%
16 Marinade staked SOL MSOL $ 129.94
$ 301.30M
$ 301.30 million
-1.24%
17 Coinbase Wrapped Staked ETH CBETH $ 2,557.49
$ 298.86M
$ 298.86 million
-2.79%
18 Binance-Peg XRP Token XRP $ 1.20
$ 274.43M
$ 274.43 million
-8.28%
19 Wrapped Centrifuge CFG $ 0.276
$ 159.55M
$ 159.55 million
-9.26%
20 Wrapped AVAX WAVAX $ 9.72
$ 156.70M
$ 156.70 million
-4.30%
21 Wrapped Solana SOL $ 94.08
$ 141.11M
$ 141.11 million
-2.00%
22 Wrapped TAO WTAO $ 309.93
$ 33.63M
$ 33.63 million
-3.85%
23 Wrapped Matic WMATIC $ 0.0995
$ 14.16M
$ 14.16 million
-3.62%
24 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+1.77%

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

25 Ethena Staked USDe sUSDe $ 3.82
$ 11.91B
$ 11.91 billion
-3.72%
26 Mantle Staked Ether METH $ 2,472.15
$ 562.42M
$ 562.42 million
-2.83%
27 Solv BTC SOLVBTC $ 76,843.11
$ 495.00M
$ 495.00 million
+0.99%
28 Jupiter Staked SOL JUPSOL $ 111.69
$ 477.76M
$ 477.76 million
-1.81%
29 BybitSOL BBSOL $ 108.25
$ 120.93M
$ 120.93 million
-2.01%
30 Coinbase Wrapped XRP CBXRP $ 1.43
$ 100.90M
$ 100.90 million
-3.76%
31 Wrapped NXM WNXM $ 58.16
$ 25.18M
$ 25.18 million
+0.90%
32 ckBTC ckBTC $ 80,002.19
$ 23.23M
$ 23.23 million
+1.77%
33 renBTC RENBTC $ 16,756.97
$ 5.10M
$ 5.10 million
-1.19%
34 Wrapped NCG WNCG $ 0.00563
$ 1.80M
$ 1.80 million
-0.39%
35 ckUSDC CKUSDC $ 1.00
$ 1.58M
$ 1.58 million
+2.46%
36 ckETH ckETH $ 2,265.30
$ 1.40M
$ 1.40 million
+0.10%
37 ckOCT CKOCT $ 0.00441
$ 78.04T
$ 78.04 trillion
+10.26%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,026.34
$ 33.87T
$ 33.87 trillion
-7.91%
39 Wrapped Banano WBAN $ 1,800.35
$ 66.74B
$ 66.74 billion
+7.68%
40 Wrapped BTC (BitGo) WBTC $ 79,995.62
$ 9.47B
$ 9.47 billion
-1.02%
41 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.16%
42 Wrapped Binance Beacon ETH WBETH $ 2,481.68
$ 3.07B
$ 3.07 billion
-2.72%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.969
$ 1.25B
$ 1.25 billion
+5.01%
44 USDC (Avalance) USDC $ 1.00
$ 721.44M
$ 721.44 million
+0.21%
45 Wrapped BTC (Wormhole) WBTC $ 80,240.37
$ 254.64M
$ 254.64 million
-0.97%
46 Binance Wrapped BTC BBTC $ 80,434.61
$ 233.26M
$ 233.26 million
-0.65%
47 Gate Wrapped BTC GTBTC $ 80,635.61
$ 185.37M
$ 185.37 million
-1.29%
48 TRON peg TRX $ 0.348
$ 103.94M
$ 103.94 million
-0.72%
49 Wrapped Fantom WFTM $ 0.0468
$ 102.36M
$ 102.36 million
-0.45%
50 Wrapped DAG WDAG $ 0.0226
$ 83.89M
$ 83.89 million
+12.17%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped BNB WBNB $ 572.00
$ 987.13M
$ 987.13 million
+3.43%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.48M
$ 2.48 million
+1.77%
Lombard Staked Bitcoin LBTC $ 80,929.80
$ 857.79M
$ 857.79 million
-0.55%
Bitcoin Avalanche Bridged BTC.b $ 80,268.15
$ 308.55M
$ 308.55 million
-0.84%
tBTC v2 TBTC $ 80,323.42
$ 415.49M
$ 415.49 million
-1.04%
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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