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 $ 2,119.75
$ 18.78B
$ 18.78 billion
-3.14%
2 Wrapped BTC WBTC $ 76,673.15
$ 10.53B
$ 10.53 billion
-1.55%
3 Binance-Peg BSC-USD BSC-USD $ 1.01
$ 9.09B
$ 9.09 billion
-9.97%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,617.06
$ 8.82B
$ 8.82 billion
-3.15%
5 Wrapped Ether WETH $ 2,117.37
$ 5.63B
$ 5.63 billion
-3.14%
6 Wrapped eETH weETH $ 2,320.50
$ 3.95B
$ 3.95 billion
-3.03%
7 Bitcoin BEP2 BTCB $ 77,633.81
$ 3.27B
$ 3.27 billion
-9.84%
8 Coinbase Wrapped BTC CBBTC $ 76,921.51
$ 3.07B
$ 3.07 billion
-1.52%
9 Wrapped BNB WBNB $ 646.54
$ 1.12B
$ 1.12 billion
-5.77%
10 Binance Staked SOL BNSOL $ 94.23
$ 937.88M
$ 937.88 million
-2.49%
11 Jito Staked SOL JITOSOL $ 108.53
$ 861.70M
$ 861.70 million
-2.41%
12 Rocket Pool ETH RETH $ 2,468.35
$ 822.87M
$ 822.87 million
-3.02%
13 Lombard Staked Bitcoin LBTC $ 77,101.81
$ 817.16M
$ 817.16 million
-1.54%
14 Mantle Staked Ether METH $ 2,294.28
$ 521.97M
$ 521.97 million
-4.07%
15 Solv BTC SOLVBTC $ 78,659.81
$ 506.53M
$ 506.53 million
-6.31%
16 tBTC v2 TBTC $ 76,819.03
$ 388.70M
$ 388.70 million
-1.56%
17 Binance-Peg XRP Token XRP $ 1.41
$ 322.31M
$ 322.31 million
-6.14%
18 Bitcoin Avalanche Bridged BTC.b $ 77,055.47
$ 296.21M
$ 296.21 million
-1.54%
19 Coinbase Wrapped Staked ETH CBETH $ 2,395.22
$ 280.04M
$ 280.04 million
-3.04%
20 Marinade staked SOL MSOL $ 117.04
$ 271.36M
$ 271.36 million
-2.37%
21 Wrapped Centrifuge CFG $ 0.276
$ 159.75M
$ 159.75 million
+4.72%
22 Wrapped AVAX WAVAX $ 9.20
$ 148.38M
$ 148.38 million
-1.51%
23 Wrapped Solana SOL $ 84.89
$ 127.33M
$ 127.33 million
-2.39%
24 Wrapped Matic WMATIC $ 0.0907
$ 12.90M
$ 12.90 million
-1.12%
25 Axelar Wrapped USDC AXLUSDC $ 1.01
$ 2.44M
$ 2.44 million
+0.65%
26 Wrapped NCG WNCG $ 0.00565
$ 1.81M
$ 1.81 million
-3.93%

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

27 Ethena Staked USDe sUSDe $ 3.71
$ 11.59B
$ 11.59 billion
+0.61%
28 Jupiter Staked SOL JUPSOL $ 100.84
$ 432.62M
$ 432.62 million
-2.32%
29 BybitSOL BBSOL $ 97.32
$ 112.21M
$ 112.21 million
-2.57%
30 Coinbase Wrapped XRP CBXRP $ 1.39
$ 101.40M
$ 101.40 million
-1.72%
31 Wrapped TAO WTAO $ 261.09
$ 28.34M
$ 28.34 million
-3.79%
32 Wrapped NXM WNXM $ 52.42
$ 22.63M
$ 22.63 million
-5.29%
33 ckBTC ckBTC $ 77,686.39
$ 14.94M
$ 14.94 million
-2.36%
34 renBTC RENBTC $ 15,585.34
$ 4.75M
$ 4.75 million
-12.97%
35 ckUSDC CKUSDC $ 0.996
$ 2.04M
$ 2.04 million
-0.51%
36 ckETH ckETH $ 2,130.96
$ 1.32M
$ 1.32 million
-3.30%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,781.79
$ 32.24T
$ 32.24 trillion
+12.96%
38 Wrapped DOGE WDOGE $ 0.108
$ 13.89B
$ 13.89 billion
-0.97%
39 Wrapped BTC (BitGo) WBTC $ 77,140.74
$ 9.13B
$ 9.13 billion
-0.68%
40 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.06%
41 Wrapped Binance Beacon ETH WBETH $ 2,320.24
$ 2.88B
$ 2.88 billion
-3.03%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.01
$ 1.30B
$ 1.30 billion
-4.47%
43 USDC (Avalance) USDC $ 1.00
$ 721.45M
$ 721.45 million
+0.59%
44 Wrapped BTC (Wormhole) WBTC $ 76,725.89
$ 243.49M
$ 243.49 million
-1.51%
45 Binance Wrapped BTC BBTC $ 76,988.70
$ 223.27M
$ 223.27 million
-1.49%
46 Gate Wrapped BTC GTBTC $ 77,199.07
$ 177.53M
$ 177.53 million
-1.53%
47 Wrapped Fantom WFTM $ 0.0522
$ 114.18M
$ 114.18 million
+1.92%
48 TRON peg TRX $ 0.355
$ 106.11M
$ 106.11 million
+0.32%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,234.80
$ 70.20M
$ 70.20 million
+7.74%
50 Wrapped DAG WDAG $ 0.0168
$ 62.22M
$ 62.22 million
-3.41%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.276
$ 159.75M
$ 159.75 million
+4.72%
Axelar Wrapped USDC AXLUSDC $ 1.01
$ 2.44M
$ 2.44 million
+0.65%
Wrapped Matic WMATIC $ 0.0907
$ 12.90M
$ 12.90 million
-1.12%
Wrapped AVAX WAVAX $ 9.20
$ 148.38M
$ 148.38 million
-1.51%
Coinbase Wrapped BTC CBBTC $ 76,921.51
$ 3.07B
$ 3.07 billion
-1.52%
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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