Wrapped coins

219 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 $ 2,273.91
$ 20.52B
$ 20.52 billion
-1.86%
2 Wrapped BTC WBTC $ 79,268.90
$ 10.89B
$ 10.89 billion
-1.80%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,808.03
$ 9.49B
$ 9.49 billion
-1.73%
4 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+5.27%
5 Wrapped Ether WETH $ 2,273.21
$ 6.04B
$ 6.04 billion
-1.98%
6 Wrapped eETH weETH $ 2,489.13
$ 4.87B
$ 4.87 billion
-1.62%
7 Bitcoin BEP2 BTCB $ 79,260.03
$ 3.34B
$ 3.34 billion
+1.46%
8 Coinbase Wrapped BTC CBBTC $ 79,496.76
$ 2.92B
$ 2.92 billion
-1.80%
9 Wrapped BNB WBNB $ 614.06
$ 1.06B
$ 1.06 billion
-1.82%
10 Binance Staked SOL BNSOL $ 97.34
$ 906.62M
$ 906.62 million
-0.33%
11 Jito Staked SOL JITOSOL $ 112.28
$ 891.46M
$ 891.46 million
+0.10%
12 Rocket Pool ETH RETH $ 2,646.79
$ 884.61M
$ 884.61 million
-1.84%
13 Lombard Staked Bitcoin LBTC $ 80,008.51
$ 848.15M
$ 848.15 million
-1.60%
14 Mantle Staked Ether METH $ 2,478.41
$ 530.32M
$ 530.32 million
-2.08%
15 Jupiter Staked SOL JUPSOL $ 104.25
$ 445.94M
$ 445.94 million
-0.12%
16 tBTC v2 TBTC $ 79,507.91
$ 422.20M
$ 422.20 million
-1.76%
17 Binance-Peg XRP Token XRP $ 1.35
$ 309.45M
$ 309.45 million
-0.85%
18 Bitcoin Avalanche Bridged BTC.b $ 79,768.05
$ 306.58M
$ 306.58 million
-1.64%
19 Coinbase Wrapped Staked ETH CBETH $ 2,565.95
$ 299.45M
$ 299.45 million
-1.80%
20 Marinade staked SOL MSOL $ 121.03
$ 280.64M
$ 280.64 million
-0.38%
21 Wrapped Centrifuge CFG $ 0.283
$ 162.88M
$ 162.88 million
+5.48%
22 Wrapped AVAX WAVAX $ 9.49
$ 153.07M
$ 153.07 million
-0.20%
23 Wrapped Solana SOL $ 87.73
$ 131.66M
$ 131.66 million
-0.23%
24 Wrapped TAO WTAO $ 300.66
$ 32.62M
$ 32.62 million
-2.46%
25 Wrapped NXM WNXM $ 59.25
$ 25.77M
$ 25.77 million
+0.91%
26 Wrapped Matic WMATIC $ 0.0984
$ 14.01M
$ 14.01 million
+0.08%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+2.22%

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

28 Ethena Staked USDe sUSDe $ 3.94
$ 12.27B
$ 12.27 billion
+0.66%
29 Solv BTC SOLVBTC $ 79,139.77
$ 500.08M
$ 500.08 million
-8.89%
30 BybitSOL BBSOL $ 100.84
$ 110.19M
$ 110.19 million
-0.28%
31 Coinbase Wrapped XRP CBXRP $ 1.38
$ 88.68M
$ 88.68 million
-2.46%
32 ckBTC ckBTC $ 78,864.72
$ 22.89M
$ 22.89 million
-1.47%
33 renBTC RENBTC $ 16,365.28
$ 4.98M
$ 4.98 million
-6.79%
34 Wrapped NCG WNCG $ 0.00549
$ 1.76M
$ 1.76 million
-0.25%
35 ckUSDC CKUSDC $ 0.993
$ 1.57M
$ 1.57 million
+0.66%
36 ckETH ckETH $ 2,279.74
$ 1.41M
$ 1.41 million
-0.43%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,500.84
$ 30.33T
$ 30.33 trillion
-0.35%
38 Wrapped Banano WBAN $ 1,938.73
$ 71.87B
$ 71.87 billion
+4.83%
39 Wrapped DOGE WDOGE $ 0.108
$ 13.89B
$ 13.89 billion
-3.04%
40 Wrapped BTC (BitGo) WBTC $ 79,545.86
$ 9.42B
$ 9.42 billion
-1.61%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.12%
42 Wrapped Binance Beacon ETH WBETH $ 2,488.05
$ 3.22B
$ 3.22 billion
-2.05%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.965
$ 1.24B
$ 1.24 billion
-8.37%
44 USDC (Avalance) USDC $ 1.00
$ 722.47M
$ 722.47 million
+0.31%
45 Wrapped BTC (Wormhole) WBTC $ 79,311.64
$ 251.90M
$ 251.90 million
-1.70%
46 Binance Wrapped BTC BBTC $ 79,754.01
$ 231.29M
$ 231.29 million
-1.62%
47 Gate Wrapped BTC GTBTC $ 79,687.51
$ 183.25M
$ 183.25 million
-1.89%
48 TRON peg TRX $ 0.347
$ 103.77M
$ 103.77 million
+0.46%
49 Wrapped Fantom WFTM $ 0.0473
$ 103.49M
$ 103.49 million
+1.21%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,207.04
$ 69.33M
$ 69.33 million
-2.49%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.283
$ 162.88M
$ 162.88 million
+5.48%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 9.01B
$ 9.01 billion
+5.27%
Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.48M
$ 2.48 million
+2.22%
Bitcoin BEP2 BTCB $ 79,260.03
$ 3.34B
$ 3.34 billion
+1.46%
Wrapped NXM WNXM $ 59.25
$ 25.77M
$ 25.77 million
+0.91%
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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