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 $ 2,168.70
$ 19.11B
$ 19.11 billion
+4.97%
2 Wrapped BTC WBTC $ 70,946.18
$ 9.75B
$ 9.75 billion
+3.69%
3 Binance-Peg BSC-USD BSC-USD $ 0.997
$ 8.96B
$ 8.96 billion
-0.49%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,665.65
$ 8.49B
$ 8.49 billion
+4.67%
5 Wrapped eETH weETH $ 2,361.34
$ 6.72B
$ 6.72 billion
+4.61%
6 Wrapped Ether WETH $ 2,173.11
$ 5.77B
$ 5.77 billion
+5.06%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.02%
8 Coinbase Wrapped BTC CBBTC $ 71,103.16
$ 3.12B
$ 3.12 billion
+3.70%
9 Bitcoin BEP2 BTCB $ 70,976.55
$ 2.98B
$ 2.98 billion
+3.36%
10 Jito Staked SOL JITOSOL $ 116.06
$ 1.30B
$ 1.30 billion
+5.21%
11 Wrapped BNB WBNB $ 637.60
$ 898.53M
$ 898.53 million
+1.27%
12 Rocket Pool ETH RETH $ 2,495.37
$ 895.55M
$ 895.55 million
+3.68%
13 Lombard Staked Bitcoin LBTC $ 71,070.47
$ 753.92M
$ 753.92 million
+3.28%
14 Mantle Staked Ether METH $ 2,361.84
$ 502.13M
$ 502.13 million
+4.81%
15 Solv BTC SOLVBTC $ 71,009.96
$ 465.23M
$ 465.23 million
+3.43%
16 tBTC v2 TBTC $ 71,071.31
$ 419.92M
$ 419.92 million
+3.64%
17 Binance-Peg XRP Token XRP $ 1.44
$ 324.32M
$ 324.32 million
+3.44%
18 Coinbase Wrapped Staked ETH CBETH $ 2,444.31
$ 293.70M
$ 293.70 million
+5.02%
19 Bitcoin Avalanche Bridged BTC.b $ 71,017.81
$ 272.93M
$ 272.93 million
+3.75%
20 Marinade staked SOL MSOL $ 125.07
$ 260.18M
$ 260.18 million
+5.11%
21 Wrapped Solana SOL $ 91.66
$ 137.49M
$ 137.49 million
+5.57%
22 Wrapped AVAX WAVAX $ 9.56
$ 134.64M
$ 134.64 million
+5.58%
23 BybitSOL BBSOL $ 104.39
$ 113.87M
$ 113.87 million
+5.45%
24 Wrapped Centrifuge CFG $ 0.133
$ 76.98M
$ 76.98 million
+1.54%
25 Wrapped TAO WTAO $ 290.47
$ 34.40M
$ 34.40 million
+7.79%
26 Coinbase Wrapped XRP CBXRP $ 1.45
$ 30.77M
$ 30.77 million
+4.18%
27 Wrapped Matic WMATIC $ 0.0966
$ 13.73M
$ 13.73 million
+4.07%
28 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.15%
29 Wrapped NCG WNCG $ 0.00538
$ 1.73M
$ 1.73 million
+1.32%

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

30 Binance Staked SOL BNSOL $ 101.08
$ 861.67M
$ 861.67 million
+5.47%
31 Jupiter Staked SOL JUPSOL $ 107.51
$ 391.41M
$ 391.41 million
+5.15%
32 ckBTC ckBTC $ 70,959.04
$ 33.49M
$ 33.49 million
+4.48%
33 Wrapped NXM WNXM $ 54.28
$ 26.23M
$ 26.23 million
+1.85%
34 ckUSDC CKUSDC $ 1.01
$ 1.59M
$ 1.59 million
+1.08%
35 renBTC RENBTC $ 4,456.92
$ 1.36M
$ 1.36 million
+2.01%
36 ckETH ckETH $ 2,146.26
$ 1.33M
$ 1.33 million
+4.66%
37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,716.62
$ 42.17T
$ 42.17 trillion
-0.16%
38 Wrapped BTC (BitGo) WBTC $ 70,883.06
$ 8.48B
$ 8.48 billion
+3.42%
39 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.09%
40 Wrapped Binance Beacon ETH WBETH $ 2,373.68
$ 3.09B
$ 3.09 billion
+4.95%
41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
-0.23%
42 USDC (Avalance) USDC $ 1.00
$ 723.52M
$ 723.52 million
+0.07%
43 Wrapped BTC (Wormhole) WBTC $ 70,718.09
$ 261.82M
$ 261.82 million
+3.45%
44 Binance Wrapped BTC BBTC $ 70,978.46
$ 205.84M
$ 205.84 million
+3.61%
45 Gate Wrapped BTC GTBTC $ 71,196.50
$ 163.72M
$ 163.72 million
+3.68%
46 TRON peg TRX $ 0.305
$ 90.96M
$ 90.96 million
-3.86%
47 Kelp DAO Wrapped rsETH WRSETH $ 2,294.81
$ 72.08M
$ 72.08 million
+3.53%
48 Binance-Peg Bitcoin Cash Token BCH $ 478.34
$ 46.16M
$ 46.16 million
+2.81%
49 Wrapped DAG WDAG $ 0.0102
$ 37.79M
$ 37.79 million
-2.58%
50 Wrapped BTC WBTC.E $ 70,880.71
$ 31.04M
$ 31.04 million
+3.78%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 290.47
$ 34.40M
$ 34.40 million
+7.79%
Wrapped AVAX WAVAX $ 9.56
$ 134.64M
$ 134.64 million
+5.58%
Wrapped Solana SOL $ 91.66
$ 137.49M
$ 137.49 million
+5.57%
BybitSOL BBSOL $ 104.39
$ 113.87M
$ 113.87 million
+5.45%
Jito Staked SOL JITOSOL $ 116.06
$ 1.30B
$ 1.30 billion
+5.21%
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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