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 $ 1,911.95
$ 16.86B
$ 16.86 billion
+4.78%
2 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.18%
3 Wrapped BTC WBTC $ 65,322.94
$ 8.98B
$ 8.98 billion
+3.73%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,348.04
$ 7.50B
$ 7.50 billion
+4.87%
5 Wrapped eETH weETH $ 2,082.22
$ 5.92B
$ 5.92 billion
+4.88%
6 Wrapped Ether WETH $ 1,914.57
$ 5.10B
$ 5.10 billion
+5.00%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.02%
8 Coinbase Wrapped BTC CBBTC $ 65,462.11
$ 2.88B
$ 2.88 billion
+3.56%
9 Bitcoin BEP2 BTCB $ 65,536.75
$ 2.56B
$ 2.56 billion
+3.75%
10 Jito Staked SOL JITOSOL $ 104.41
$ 1.17B
$ 1.17 billion
+7.88%
11 Wrapped BNB WBNB $ 601.66
$ 849.13M
$ 849.13 million
+2.43%
12 Rocket Pool ETH RETH $ 2,217.50
$ 795.83M
$ 795.83 million
+4.91%
13 Lombard Staked Bitcoin LBTC $ 65,288.73
$ 690.25M
$ 690.25 million
+3.21%
14 tBTC v2 TBTC $ 65,338.20
$ 386.34M
$ 386.34 million
+3.72%
15 Marinade staked SOL MSOL $ 112.53
$ 284.69M
$ 284.69 million
+7.95%
16 Coinbase Wrapped Staked ETH CBETH $ 2,148.40
$ 270.17M
$ 270.17 million
+4.91%
17 Wrapped Solana SOL $ 82.60
$ 154.41M
$ 154.41 million
+7.66%
18 Wrapped AVAX WAVAX $ 8.76
$ 144.97M
$ 144.97 million
+5.83%
19 BybitSOL BBSOL $ 93.71
$ 109.17M
$ 109.17 million
+7.75%
20 Wrapped Centrifuge CFG $ 0.0854
$ 48.98M
$ 48.98 million
+4.31%
21 Wrapped Matic WMATIC $ 0.114
$ 16.26M
$ 16.26 million
+8.22%
22 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
+0.04%
23 Wrapped NCG WNCG $ 0.00553
$ 1.77M
$ 1.77 million
+0.15%

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

24 Wrapped TRON WTRX $ 0.287
$ 3.67B
$ 3.67 billion
+2.07%
25 Binance Staked SOL BNSOL $ 90.80
$ 890.76M
$ 890.76 million
+7.74%
26 Mantle Staked Ether METH $ 2,075.88
$ 441.99M
$ 441.99 million
+4.36%
27 Solv BTC SOLVBTC $ 65,409.31
$ 422.54M
$ 422.54 million
+3.77%
28 Jupiter Staked SOL JUPSOL $ 96.73
$ 405.08M
$ 405.08 million
+7.88%
29 Binance-Peg XRP Token XRP $ 1.38
$ 338.09M
$ 338.09 million
+3.72%
30 Bitcoin Avalanche Bridged BTC.b $ 65,567.15
$ 252.03M
$ 252.03 million
+3.78%
31 ckBTC ckBTC $ 66,209.87
$ 31.27M
$ 31.27 million
+3.27%
32 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.34M
$ 29.34 million
+3.84%
33 Wrapped NXM WNXM $ 48.77
$ 23.59M
$ 23.59 million
+5.09%
34 Wrapped TAO WTAO $ 175.87
$ 20.83M
$ 20.83 million
+5.61%
35 ckUSDC CKUSDC $ 1.00
$ 1.86M
$ 1.86 million
-0.19%
36 ckETH ckETH $ 1,915.01
$ 1.18M
$ 1.18 million
+3.67%
37 renBTC RENBTC $ 3,023.17
$ 920,485
$ 920,485
+5.30%
38 ckOCT CKOCT $ 0.00522
$ 92.48T
$ 92.48 trillion
+24.84%
39 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,307.63
$ 47.46T
$ 47.46 trillion
-0.74%
40 Wrapped DOGE WDOGE $ 0.110
$ 14.19B
$ 14.19 billion
+6.82%
41 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.00%
42 Wrapped Binance Beacon ETH WBETH $ 2,088.21
$ 2.72B
$ 2.72 billion
+5.02%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.15%
44 USDC (Avalance) USDC $ 1.00
$ 721.83M
$ 721.83 million
+0.03%
45 Wrapped BTC (Wormhole) WBTC $ 65,332.59
$ 261.29M
$ 261.29 million
+3.63%
46 Binance Wrapped BTC BBTC $ 65,511.37
$ 189.98M
$ 189.98 million
+3.98%
47 Gate Wrapped BTC GTBTC $ 65,909.01
$ 151.56M
$ 151.56 million
+3.85%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.44M
$ 121.44 million
-0.88%
49 Wrapped Fantom WFTM $ 0.0485
$ 106.02M
$ 106.02 million
+1.42%
50 TRON peg TRX $ 0.286
$ 85.46M
$ 85.46 million
+1.95%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Matic WMATIC $ 0.114
$ 16.26M
$ 16.26 million
+8.22%
Marinade staked SOL MSOL $ 112.53
$ 284.69M
$ 284.69 million
+7.95%
Jito Staked SOL JITOSOL $ 104.41
$ 1.17B
$ 1.17 billion
+7.88%
BybitSOL BBSOL $ 93.71
$ 109.17M
$ 109.17 million
+7.75%
Wrapped Solana SOL $ 82.60
$ 154.41M
$ 154.41 million
+7.66%
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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