Wrapped coins

3 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 $ 2,034.27
$ 17.94B
$ 17.94 billion
+6.36%
2 Wrapped BTC WBTC $ 68,958.30
$ 9.48B
$ 9.48 billion
+5.85%
3 Binance-Peg BSC-USD BSC-USD $ 1.000
$ 8.98B
$ 8.98 billion
+0.02%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,495.93
$ 7.97B
$ 7.97 billion
+6.29%
5 Wrapped eETH weETH $ 2,219.89
$ 6.31B
$ 6.31 billion
+6.60%
6 Wrapped Ether WETH $ 2,033.78
$ 5.41B
$ 5.41 billion
+6.22%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 69,162.45
$ 3.04B
$ 3.04 billion
+5.81%
9 Bitcoin BEP2 BTCB $ 69,152.22
$ 2.70B
$ 2.70 billion
+5.84%
10 Jito Staked SOL JITOSOL $ 110.65
$ 1.24B
$ 1.24 billion
+6.71%
11 Wrapped BNB WBNB $ 634.06
$ 893.53M
$ 893.53 million
+3.38%
12 Rocket Pool ETH RETH $ 2,367.72
$ 849.74M
$ 849.74 million
+6.87%
13 Lombard Staked Bitcoin LBTC $ 69,201.14
$ 731.55M
$ 731.55 million
+4.70%
14 Solv BTC SOLVBTC $ 69,221.59
$ 440.30M
$ 440.30 million
+6.06%
15 tBTC v2 TBTC $ 69,022.68
$ 408.12M
$ 408.12 million
+5.37%
16 Binance-Peg XRP Token XRP $ 1.40
$ 342.64M
$ 342.64 million
+4.02%
17 Marinade staked SOL MSOL $ 119.21
$ 301.69M
$ 301.69 million
+6.52%
18 Coinbase Wrapped Staked ETH CBETH $ 2,283.29
$ 287.09M
$ 287.09 million
+5.97%
19 Bitcoin Avalanche Bridged BTC.b $ 69,204.46
$ 266.01M
$ 266.01 million
+5.97%
20 Wrapped AVAX WAVAX $ 9.24
$ 152.96M
$ 152.96 million
+4.10%
21 Wrapped Solana SOL $ 87.32
$ 130.97M
$ 130.97 million
+6.25%
22 BybitSOL BBSOL $ 99.51
$ 117.94M
$ 117.94 million
+6.64%
23 Wrapped Centrifuge CFG $ 0.127
$ 72.93M
$ 72.93 million
-12.65%
24 Coinbase Wrapped XRP CBXRP $ 1.40
$ 29.72M
$ 29.72 million
+4.21%
25 Wrapped NXM WNXM $ 52.66
$ 25.46M
$ 25.46 million
+5.14%
26 Wrapped TAO WTAO $ 188.51
$ 22.32M
$ 22.32 million
+8.35%
27 Wrapped Matic WMATIC $ 0.102
$ 14.53M
$ 14.53 million
-0.84%
28 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.05%

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

29 Binance Staked SOL BNSOL $ 96.05
$ 942.25M
$ 942.25 million
+6.52%
30 Mantle Staked Ether METH $ 2,202.42
$ 473.31M
$ 473.31 million
+7.10%
31 Jupiter Staked SOL JUPSOL $ 102.45
$ 429.05M
$ 429.05 million
+6.46%
32 ckBTC ckBTC $ 68,710.71
$ 32.43M
$ 32.43 million
+5.26%
33 ckUSDC CKUSDC $ 0.996
$ 1.85M
$ 1.85 million
+1.60%
34 Wrapped NCG WNCG $ 0.00545
$ 1.75M
$ 1.75 million
-0.18%
35 ckETH ckETH $ 2,040.31
$ 1.26M
$ 1.26 million
+5.53%
36 renBTC RENBTC $ 3,163.12
$ 963,165
$ 963,165
+5.13%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,348.20
$ 47.82T
$ 47.82 trillion
+3.51%
38 Wrapped DOGE WDOGE $ 0.111
$ 14.35B
$ 14.35 billion
+8.39%
39 USDC (BASE) USDC $ 1.00
$ 4.35B
$ 4.35 billion
+0.22%
40 Wrapped Binance Beacon ETH WBETH $ 2,215.79
$ 2.88B
$ 2.88 billion
+6.17%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.01%
42 USDC (Avalance) USDC $ 1.00
$ 722.50M
$ 722.50 million
+0.18%
43 Wrapped BTC (Wormhole) WBTC $ 69,037.40
$ 275.97M
$ 275.97 million
+5.89%
44 Binance Wrapped BTC BBTC $ 69,279.50
$ 200.91M
$ 200.91 million
+6.22%
45 Gate Wrapped BTC GTBTC $ 69,253.83
$ 159.25M
$ 159.25 million
+5.09%
46 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.63M
$ 121.63 million
+0.01%
47 TRON peg TRX $ 0.282
$ 84.30M
$ 84.30 million
+0.44%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,163.59
$ 67.96M
$ 67.96 million
+3.80%
49 Binance-Peg Bitcoin Cash Token BCH $ 447.21
$ 43.16M
$ 43.16 million
+3.47%
50 Wrapped BTC WBTC.E $ 68,919.56
$ 30.19M
$ 30.19 million
+5.05%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 188.51
$ 22.32M
$ 22.32 million
+8.35%
Rocket Pool ETH RETH $ 2,367.72
$ 849.74M
$ 849.74 million
+6.87%
Jito Staked SOL JITOSOL $ 110.65
$ 1.24B
$ 1.24 billion
+6.71%
BybitSOL BBSOL $ 99.51
$ 117.94M
$ 117.94 million
+6.64%
Wrapped eETH weETH $ 2,219.89
$ 6.31B
$ 6.31 billion
+6.60%
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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