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 $ 2,079.90
$ 18.34B
$ 18.34 billion
+1.02%
2 Wrapped BTC WBTC $ 70,291.17
$ 9.66B
$ 9.66 billion
+0.12%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
+0.07%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,553.28
$ 8.15B
$ 8.15 billion
+0.83%
5 Wrapped eETH weETH $ 2,265.35
$ 6.44B
$ 6.44 billion
+0.99%
6 Wrapped Ether WETH $ 2,083.13
$ 5.54B
$ 5.54 billion
+1.11%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.03%
8 Coinbase Wrapped BTC CBBTC $ 70,476.10
$ 3.10B
$ 3.10 billion
+0.09%
9 Bitcoin BEP2 BTCB $ 70,497.28
$ 2.96B
$ 2.96 billion
+0.16%
10 Jito Staked SOL JITOSOL $ 109.87
$ 1.23B
$ 1.23 billion
-0.29%
11 Binance Staked SOL BNSOL $ 95.79
$ 939.69M
$ 939.69 million
+0.04%
12 Wrapped BNB WBNB $ 653.78
$ 921.41M
$ 921.41 million
+0.30%
13 Rocket Pool ETH RETH $ 2,410.12
$ 864.96M
$ 864.96 million
+0.84%
14 Lombard Staked Bitcoin LBTC $ 70,644.39
$ 748.08M
$ 748.08 million
-0.18%
15 tBTC v2 TBTC $ 70,245.09
$ 415.35M
$ 415.35 million
-0.04%
16 Binance-Peg XRP Token XRP $ 1.38
$ 339.38M
$ 339.38 million
-0.61%
17 Coinbase Wrapped Staked ETH CBETH $ 2,340.73
$ 294.30M
$ 294.30 million
+0.97%
18 Bitcoin Avalanche Bridged BTC.b $ 70,298.34
$ 270.22M
$ 270.22 million
-0.17%
19 Marinade staked SOL MSOL $ 118.15
$ 246.23M
$ 246.23 million
+1.28%
20 Wrapped Solana SOL $ 86.96
$ 162.55M
$ 162.55 million
+0.02%
21 Wrapped AVAX WAVAX $ 9.67
$ 136.30M
$ 136.30 million
+0.71%
22 BybitSOL BBSOL $ 98.86
$ 115.72M
$ 115.72 million
+0.10%
23 Wrapped Centrifuge CFG $ 0.127
$ 73.30M
$ 73.30 million
-3.70%
24 Coinbase Wrapped XRP CBXRP $ 1.38
$ 29.42M
$ 29.42 million
-0.43%
25 Wrapped TAO WTAO $ 215.95
$ 25.57M
$ 25.57 million
+5.99%
26 Wrapped Matic WMATIC $ 0.0993
$ 14.13M
$ 14.13 million
+1.16%
27 Axelar Wrapped USDC AXLUSDC $ 1.00
$ 2.56M
$ 2.56 million
+0.03%
28 Wrapped NCG WNCG $ 0.00531
$ 1.70M
$ 1.70 million
-0.60%

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

29 Mantle Staked Ether METH $ 2,252.26
$ 479.55M
$ 479.55 million
+0.22%
30 Solv BTC SOLVBTC $ 70,220.31
$ 451.19M
$ 451.19 million
-0.11%
31 Jupiter Staked SOL JUPSOL $ 101.64
$ 425.65M
$ 425.65 million
-3.99%
32 ckBTC ckBTC $ 70,690.80
$ 33.37M
$ 33.37 million
+0.24%
33 Wrapped NXM WNXM $ 53.15
$ 25.70M
$ 25.70 million
-2.36%
34 ckUSDC CKUSDC $ 1.01
$ 1.88M
$ 1.88 million
+1.28%
35 ckETH ckETH $ 2,068.28
$ 1.28M
$ 1.28 million
+0.37%
36 renBTC RENBTC $ 3,822.79
$ 1.16M
$ 1.16 million
+5.51%
37 ckOCT CKOCT $ 0.00465
$ 82.37T
$ 82.37 trillion
+14.87%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,065.54
$ 45.29T
$ 45.29 trillion
+1.94%
39 Wrapped DOGE WDOGE $ 0.108
$ 13.90B
$ 13.90 billion
-3.16%
40 Wrapped BTC (BitGo) WBTC $ 70,044.65
$ 8.38B
$ 8.38 billion
-0.24%
41 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.16%
42 Wrapped Binance Beacon ETH WBETH $ 2,273.33
$ 2.96B
$ 2.96 billion
+1.08%
43 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00
$ 1.29B
$ 1.29 billion
+0.15%
44 USDC (Avalance) USDC $ 0.998
$ 719.98M
$ 719.98 million
+0.07%
45 Wrapped BTC (Wormhole) WBTC $ 70,174.70
$ 280.51M
$ 280.51 million
-0.10%
46 Binance Wrapped BTC BBTC $ 70,083.75
$ 203.24M
$ 203.24 million
-0.42%
47 Gate Wrapped BTC GTBTC $ 70,715.90
$ 162.62M
$ 162.62 million
+0.12%
48 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 1.15
$ 122.51M
$ 122.51 million
+0.97%
49 TRON peg TRX $ 0.290
$ 86.48M
$ 86.48 million
-0.58%
50 Kelp DAO Wrapped rsETH WRSETH $ 2,186.35
$ 68.68M
$ 68.68 million
-0.74%
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Trending Wrapped coins

Top Gainers

Coins Price Market cap 24h
Wrapped TAO WTAO $ 215.95
$ 25.57M
$ 25.57 million
+5.99%
Marinade staked SOL MSOL $ 118.15
$ 246.23M
$ 246.23 million
+1.28%
Wrapped Matic WMATIC $ 0.0993
$ 14.13M
$ 14.13 million
+1.16%
Wrapped Ether WETH $ 2,083.13
$ 5.54B
$ 5.54 billion
+1.11%
Lido Staked Ether stETH $ 2,079.90
$ 18.34B
$ 18.34 billion
+1.02%
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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