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 $ 1,952.30
$ 17.20B
$ 17.20 billion
-1.84%
2 Wrapped BTC WBTC $ 66,126.98
$ 9.08B
$ 9.08 billion
-0.56%
3 Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.98B
$ 8.98 billion
-0.06%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,388.72
$ 7.63B
$ 7.63 billion
-2.04%
5 Wrapped eETH weETH $ 2,121.44
$ 6.03B
$ 6.03 billion
-2.00%
6 Wrapped Ether WETH $ 1,954.79
$ 5.19B
$ 5.19 billion
-1.84%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.01%
8 Coinbase Wrapped BTC CBBTC $ 66,284.21
$ 2.91B
$ 2.91 billion
-0.45%
9 Bitcoin BEP2 BTCB $ 66,300.78
$ 2.58B
$ 2.58 billion
-0.52%
10 Jito Staked SOL JITOSOL $ 105.35
$ 1.18B
$ 1.18 billion
-2.42%
11 Wrapped BNB WBNB $ 619.78
$ 872.55M
$ 872.55 million
-0.43%
12 tBTC v2 TBTC $ 65,923.18
$ 389.76M
$ 389.76 million
-1.56%
13 Marinade staked SOL MSOL $ 113.29
$ 286.71M
$ 286.71 million
-3.06%
14 Coinbase Wrapped Staked ETH CBETH $ 2,195.52
$ 275.45M
$ 275.45 million
-1.83%
15 Bitcoin Avalanche Bridged BTC.b $ 65,939.40
$ 253.44M
$ 253.44 million
-0.97%
16 Wrapped AVAX WAVAX $ 8.93
$ 147.67M
$ 147.67 million
-2.68%
17 Wrapped Solana SOL $ 83.58
$ 125.36M
$ 125.36 million
-2.25%
18 BybitSOL BBSOL $ 95.23
$ 112.60M
$ 112.60 million
-1.96%
19 Wrapped Centrifuge CFG $ 0.130
$ 74.74M
$ 74.74 million
-16.20%
20 Wrapped TAO WTAO $ 169.12
$ 20.03M
$ 20.03 million
-7.25%
21 Wrapped Matic WMATIC $ 0.105
$ 14.91M
$ 14.91 million
-2.48%

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

22 Wrapped TRON WTRX $ 0.281
$ 3.61B
$ 3.61 billion
-0.13%
23 Binance Staked SOL BNSOL $ 91.84
$ 900.40M
$ 900.40 million
-2.08%
24 Rocket Pool ETH RETH $ 2,249.08
$ 807.16M
$ 807.16 million
-3.21%
25 Lombard Staked Bitcoin LBTC $ 66,409.38
$ 701.70M
$ 701.70 million
-0.65%
26 Mantle Staked Ether METH $ 2,125.16
$ 451.53M
$ 451.53 million
-1.91%
27 Solv BTC SOLVBTC $ 65,737.62
$ 418.23M
$ 418.23 million
-1.24%
28 Jupiter Staked SOL JUPSOL $ 97.46
$ 408.16M
$ 408.16 million
-2.73%
29 Binance-Peg XRP Token XRP $ 1.35
$ 331.01M
$ 331.01 million
-2.57%
30 ckBTC ckBTC $ 65,800.20
$ 31.05M
$ 31.05 million
-1.05%
31 Coinbase Wrapped XRP CBXRP $ 1.35
$ 28.78M
$ 28.78 million
-2.34%
32 Wrapped NXM WNXM $ 49.71
$ 24.04M
$ 24.04 million
-1.29%
33 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.09%
34 ckUSDC CKUSDC $ 1.01
$ 1.88M
$ 1.88 million
-2.27%
35 Wrapped NCG WNCG $ 0.00543
$ 1.74M
$ 1.74 million
+0.11%
36 ckETH ckETH $ 1,935.14
$ 1.19M
$ 1.19 million
-1.09%
37 renBTC RENBTC $ 3,041.85
$ 926,238
$ 926,238
-1.17%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,290.47
$ 47.30T
$ 47.30 trillion
+7.06%
39 Wrapped DOGE WDOGE $ 0.105
$ 13.50B
$ 13.50 billion
-3.30%
40 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.25%
41 Wrapped Binance Beacon ETH WBETH $ 2,129.40
$ 2.77B
$ 2.77 billion
-1.84%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.999
$ 1.29B
$ 1.29 billion
-0.11%
43 USDC (Avalance) USDC $ 0.998
$ 719.93M
$ 719.93 million
-0.27%
44 Wrapped BTC (Wormhole) WBTC $ 66,033.58
$ 263.96M
$ 263.96 million
-0.65%
45 Binance Wrapped BTC BBTC $ 66,109.05
$ 191.72M
$ 191.72 million
-0.90%
46 Gate Wrapped BTC GTBTC $ 66,630.36
$ 153.22M
$ 153.22 million
-0.23%
47 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.14
$ 121.63M
$ 121.63 million
+0.01%
48 TRON peg TRX $ 0.281
$ 83.90M
$ 83.90 million
-0.48%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,097.25
$ 65.88M
$ 65.88 million
-1.79%
50 Binance-Peg Bitcoin Cash Token BCH $ 438.37
$ 42.30M
$ 42.30 million
-2.84%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
-0.01%
Binance-Peg BSC-USD BSC-USD $ 0.998
$ 8.98B
$ 8.98 billion
-0.06%
Wrapped BNB WBNB $ 619.78
$ 872.55M
$ 872.55 million
-0.43%
Coinbase Wrapped BTC CBBTC $ 66,284.21
$ 2.91B
$ 2.91 billion
-0.45%
Bitcoin BEP2 BTCB $ 66,300.78
$ 2.58B
$ 2.58 billion
-0.52%
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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