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 $ 1,983.38
$ 17.49B
$ 17.49 billion
-3.32%
2 Wrapped BTC WBTC $ 68,139.03
$ 9.36B
$ 9.36 billion
-1.50%
3 Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.02%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,434.80
$ 7.77B
$ 7.77 billion
-3.36%
5 Wrapped eETH weETH $ 2,159.48
$ 6.14B
$ 6.14 billion
-3.30%
6 Wrapped Ether WETH $ 1,982.66
$ 5.27B
$ 5.27 billion
-3.41%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.80B
$ 3.80 billion
+0.06%
8 Coinbase Wrapped BTC CBBTC $ 68,308.74
$ 3.00B
$ 3.00 billion
-1.53%
9 Bitcoin BEP2 BTCB $ 68,290.61
$ 2.66B
$ 2.66 billion
-1.54%
10 Jito Staked SOL JITOSOL $ 109.12
$ 1.23B
$ 1.23 billion
-1.84%
11 Wrapped BNB WBNB $ 633.62
$ 892.92M
$ 892.92 million
-0.98%
12 Rocket Pool ETH RETH $ 2,294.75
$ 823.55M
$ 823.55 million
-3.35%
13 Lombard Staked Bitcoin LBTC $ 68,221.04
$ 721.20M
$ 721.20 million
-1.69%
14 Mantle Staked Ether METH $ 2,150.31
$ 457.84M
$ 457.84 million
-3.70%
15 Solv BTC SOLVBTC $ 67,993.75
$ 446.87M
$ 446.87 million
-1.98%
16 Jupiter Staked SOL JUPSOL $ 101.20
$ 423.84M
$ 423.84 million
-1.79%
17 tBTC v2 TBTC $ 68,280.26
$ 403.73M
$ 403.73 million
-1.29%
18 Binance-Peg XRP Token XRP $ 1.36
$ 333.55M
$ 333.55 million
-2.98%
19 Marinade staked SOL MSOL $ 117.27
$ 296.78M
$ 296.78 million
-1.96%
20 Coinbase Wrapped Staked ETH CBETH $ 2,228.23
$ 280.16M
$ 280.16 million
-3.32%
21 Bitcoin Avalanche Bridged BTC.b $ 68,132.45
$ 261.90M
$ 261.90 million
-1.58%
22 Wrapped Solana SOL $ 86.39
$ 161.47M
$ 161.47 million
-1.71%
23 Wrapped AVAX WAVAX $ 9.16
$ 151.60M
$ 151.60 million
-0.95%
24 BybitSOL BBSOL $ 98.18
$ 116.31M
$ 116.31 million
-1.95%
25 Wrapped Centrifuge CFG $ 0.116
$ 66.85M
$ 66.85 million
-6.79%
26 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.95M
$ 28.95 million
-3.08%
27 Wrapped Matic WMATIC $ 0.101
$ 14.37M
$ 14.37 million
-1.68%
28 Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.01%

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

29 Binance Staked SOL BNSOL $ 94.98
$ 931.77M
$ 931.77 million
-1.80%
30 ckBTC ckBTC $ 68,352.62
$ 32.26M
$ 32.26 million
-1.11%
31 Wrapped NXM WNXM $ 51.52
$ 24.91M
$ 24.91 million
-2.77%
32 Wrapped TAO WTAO $ 182.46
$ 21.61M
$ 21.61 million
-3.41%
33 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
-0.31%
34 Wrapped NCG WNCG $ 0.00540
$ 1.73M
$ 1.73 million
-0.85%
35 ckETH ckETH $ 1,987.33
$ 1.23M
$ 1.23 million
-2.52%
36 renBTC RENBTC $ 3,011.46
$ 916,984
$ 916,984
-5.73%
37 ckOCT CKOCT $ 0.00803
$ 142.28T
$ 142.28 trillion
+52.63%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,100.51
$ 45.61T
$ 45.61 trillion
-4.64%
39 Wrapped DOGE WDOGE $ 0.107
$ 13.85B
$ 13.85 billion
-4.66%
40 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
+0.02%
41 Wrapped Binance Beacon ETH WBETH $ 2,162.22
$ 2.81B
$ 2.81 billion
-3.35%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.04%
43 USDC (Avalance) USDC $ 1.000
$ 721.40M
$ 721.40 million
+0.14%
44 Wrapped BTC (Wormhole) WBTC $ 68,198.70
$ 272.61M
$ 272.61 million
-1.34%
45 Binance Wrapped BTC BBTC $ 67,957.43
$ 197.08M
$ 197.08 million
-1.91%
46 Gate Wrapped BTC GTBTC $ 68,551.72
$ 157.64M
$ 157.64 million
-1.48%
47 TRON peg TRX $ 0.281
$ 83.83M
$ 83.83 million
-1.80%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,114.26
$ 66.41M
$ 66.41 million
-2.42%
49 Binance-Peg Bitcoin Cash Token BCH $ 438.72
$ 42.34M
$ 42.34 million
-2.05%
50 Wrapped BTC WBTC.E $ 68,304.98
$ 29.92M
$ 29.92 million
-1.39%
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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
+0.06%
Axelar Wrapped USDC AXLUSDC $ 1.000
$ 2.56M
$ 2.56 million
-0.01%
Binance-Peg BSC-USD BSC-USD $ 1.00
$ 8.99B
$ 8.99 billion
-0.02%
Wrapped AVAX WAVAX $ 9.16
$ 151.60M
$ 151.60 million
-0.95%
Wrapped BNB WBNB $ 633.62
$ 892.92M
$ 892.92 million
-0.98%
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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