Wrapped coins

218 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 $ 2,347.13
$ 21.26B
$ 21.26 billion
-0.26%
2 Wrapped BTC WBTC $ 81,119.93
$ 11.14B
$ 11.14 billion
+0.59%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,895.37
$ 9.79B
$ 9.79 billion
-0.31%
4 Binance-Peg BSC-USD BSC-USD $ 1.08
$ 9.71B
$ 9.71 billion
+4.80%
5 Wrapped Ether WETH $ 2,347.62
$ 6.24B
$ 6.24 billion
-0.40%
6 Wrapped eETH weETH $ 2,559.86
$ 5.10B
$ 5.10 billion
-0.54%
7 Bitcoin BEP2 BTCB $ 85,923.05
$ 3.62B
$ 3.62 billion
+3.94%
8 Coinbase Wrapped BTC CBBTC $ 81,357.29
$ 2.99B
$ 2.99 billion
+0.60%
9 Wrapped BNB WBNB $ 607.89
$ 1.05B
$ 1.05 billion
+1.49%
10 Binance Staked SOL BNSOL $ 98.76
$ 920.38M
$ 920.38 million
+3.15%
11 Rocket Pool ETH RETH $ 2,727.11
$ 911.06M
$ 911.06 million
-0.97%
12 Jito Staked SOL JITOSOL $ 113.43
$ 900.63M
$ 900.63 million
+3.07%
13 Lombard Staked Bitcoin LBTC $ 81,350.46
$ 862.38M
$ 862.38 million
+0.26%
14 Mantle Staked Ether METH $ 2,564.94
$ 563.94M
$ 563.94 million
-0.32%
15 Jupiter Staked SOL JUPSOL $ 105.44
$ 451.04M
$ 451.04 million
+3.06%
16 tBTC v2 TBTC $ 81,269.32
$ 431.55M
$ 431.55 million
+0.25%
17 Bitcoin Avalanche Bridged BTC.b $ 81,443.84
$ 313.11M
$ 313.11 million
+0.43%
18 Coinbase Wrapped Staked ETH CBETH $ 2,648.38
$ 309.03M
$ 309.03 million
-0.37%
19 Binance-Peg XRP Token XRP $ 1.34
$ 306.19M
$ 306.19 million
-4.23%
20 Marinade staked SOL MSOL $ 122.20
$ 284.32M
$ 284.32 million
+3.01%
21 Wrapped Centrifuge CFG $ 0.277
$ 160.20M
$ 160.20 million
+17.10%
22 Wrapped AVAX WAVAX $ 9.57
$ 159.73M
$ 159.73 million
+2.04%
23 Wrapped Solana SOL $ 89.00
$ 133.48M
$ 133.48 million
+3.34%
24 Wrapped TAO WTAO $ 310.16
$ 33.65M
$ 33.65 million
+5.74%
25 Wrapped NXM WNXM $ 60.69
$ 26.70M
$ 26.70 million
+1.44%
26 Wrapped Matic WMATIC $ 0.0988
$ 14.06M
$ 14.06 million
+0.91%
27 Axelar Wrapped USDC AXLUSDC $ 1.05
$ 2.60M
$ 2.60 million
+3.43%
28 Wrapped NCG WNCG $ 0.00551
$ 1.76M
$ 1.76 million
+2.60%

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

29 Ethena Staked USDe sUSDe $ 3.91
$ 12.17B
$ 12.17 billion
-5.24%
30 Solv BTC SOLVBTC $ 84,928.59
$ 536.24M
$ 536.24 million
+2.57%
31 BybitSOL BBSOL $ 102.33
$ 110.11M
$ 110.11 million
+3.29%
32 Coinbase Wrapped XRP CBXRP $ 1.42
$ 91.34M
$ 91.34 million
+0.69%
33 ckBTC ckBTC $ 83,587.48
$ 24.27M
$ 24.27 million
+2.95%
34 renBTC RENBTC $ 15,154.99
$ 4.61M
$ 4.61 million
-8.26%
35 ckUSDC CKUSDC $ 1.02
$ 1.60M
$ 1.60 million
+1.31%
36 ckETH ckETH $ 2,399.42
$ 1.48M
$ 1.48 million
+1.54%
37 ckOCT CKOCT $ 0.00419
$ 74.25T
$ 74.25 trillion
+60.68%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,516.83
$ 30.43T
$ 30.43 trillion
+0.52%
39 Wrapped Banano WBAN $ 1,849.36
$ 68.56B
$ 68.56 billion
+349.36M%
40 Wrapped BTC (BitGo) WBTC $ 81,040.59
$ 9.59B
$ 9.59 billion
+0.22%
41 USDC (BASE) USDC $ 0.999
$ 4.34B
$ 4.34 billion
-0.36%
42 Wrapped Binance Beacon ETH WBETH $ 2,573.28
$ 3.33B
$ 3.33 billion
-0.32%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 0.980
$ 1.26B
$ 1.26 billion
-3.71%
44 USDC (Avalance) USDC $ 0.997
$ 719.49M
$ 719.49 million
-0.26%
45 Wrapped BTC (Wormhole) WBTC $ 81,099.54
$ 257.34M
$ 257.34 million
+0.51%
46 Binance Wrapped BTC BBTC $ 81,271.99
$ 235.28M
$ 235.28 million
+0.06%
47 Gate Wrapped BTC GTBTC $ 81,568.66
$ 187.58M
$ 187.58 million
+0.55%
48 TRON peg TRX $ 0.344
$ 102.84M
$ 102.84 million
+0.01%
49 Kelp DAO Wrapped rsETH WRSETH $ 2,274.71
$ 71.45M
$ 71.45 million
-1.10%
50 Bitget Wrapped BTC BGBTC $ 81,391.10
$ 42.23M
$ 42.23 million
+0.71%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.277
$ 160.20M
$ 160.20 million
+17.10%
Wrapped TAO WTAO $ 310.16
$ 33.65M
$ 33.65 million
+5.74%
Binance-Peg BSC-USD BSC-USD $ 1.08
$ 9.71B
$ 9.71 billion
+4.80%
Bitcoin BEP2 BTCB $ 85,923.05
$ 3.62B
$ 3.62 billion
+3.94%
Axelar Wrapped USDC AXLUSDC $ 1.05
$ 2.60M
$ 2.60 million
+3.43%
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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