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 $ 2,349.04
$ 21.28B
$ 21.28 billion
-0.37%
2 Wrapped BTC WBTC $ 81,227.74
$ 11.16B
$ 11.16 billion
+0.19%
3 Wrapped liquid staked Ether 2.0 wstETH $ 2,903.80
$ 9.82B
$ 9.82 billion
-0.30%
4 Binance-Peg BSC-USD BSC-USD $ 1.05
$ 9.43B
$ 9.43 billion
+5.07%
5 Wrapped Ether WETH $ 2,352.25
$ 6.25B
$ 6.25 billion
-0.48%
6 Wrapped eETH weETH $ 2,568.80
$ 5.12B
$ 5.12 billion
-0.36%
7 Bitcoin BEP2 BTCB $ 83,634.62
$ 3.52B
$ 3.52 billion
+2.94%
8 Coinbase Wrapped BTC CBBTC $ 81,491.78
$ 3.00B
$ 3.00 billion
+0.21%
9 Wrapped BNB WBNB $ 595.00
$ 1.03B
$ 1.03 billion
-1.76%
10 Binance Staked SOL BNSOL $ 98.66
$ 918.85M
$ 918.85 million
+3.94%
11 Rocket Pool ETH RETH $ 2,735.95
$ 914.01M
$ 914.01 million
-0.42%
12 Jito Staked SOL JITOSOL $ 113.60
$ 901.91M
$ 901.91 million
+4.33%
13 Lombard Staked Bitcoin LBTC $ 81,690.19
$ 865.98M
$ 865.98 million
+0.29%
14 Mantle Staked Ether METH $ 2,568.03
$ 565.45M
$ 565.45 million
-0.58%
15 tBTC v2 TBTC $ 81,470.74
$ 432.62M
$ 432.62 million
+0.20%
16 Binance-Peg XRP Token XRP $ 1.39
$ 317.06M
$ 317.06 million
-1.19%
17 Bitcoin Avalanche Bridged BTC.b $ 81,764.24
$ 314.29M
$ 314.29 million
+0.74%
18 Coinbase Wrapped Staked ETH CBETH $ 2,651.38
$ 309.39M
$ 309.39 million
-0.51%
19 Marinade staked SOL MSOL $ 122.32
$ 284.60M
$ 284.60 million
+4.22%
20 Wrapped AVAX WAVAX $ 9.62
$ 160.04M
$ 160.04 million
+2.62%
21 Wrapped Centrifuge CFG $ 0.259
$ 149.67M
$ 149.67 million
+5.34%
22 Wrapped Solana SOL $ 88.98
$ 133.48M
$ 133.48 million
+4.16%
23 Wrapped TAO WTAO $ 315.25
$ 34.20M
$ 34.20 million
+10.23%
24 Wrapped NXM WNXM $ 60.47
$ 26.61M
$ 26.61 million
+1.58%
25 Wrapped Matic WMATIC $ 0.0986
$ 14.03M
$ 14.03 million
+0.84%
26 Axelar Wrapped USDC AXLUSDC $ 1.02
$ 2.54M
$ 2.54 million
+2.42%
27 Wrapped NCG WNCG $ 0.00555
$ 1.78M
$ 1.78 million
+2.97%

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

28 Ethena Staked USDe sUSDe $ 3.92
$ 12.21B
$ 12.21 billion
-6.09%
29 Solv BTC SOLVBTC $ 82,031.17
$ 517.94M
$ 517.94 million
+1.19%
30 Jupiter Staked SOL JUPSOL $ 105.48
$ 451.15M
$ 451.15 million
+4.25%
31 BybitSOL BBSOL $ 102.26
$ 110.04M
$ 110.04 million
+4.27%
32 Coinbase Wrapped XRP CBXRP $ 1.43
$ 91.47M
$ 91.47 million
+1.37%
33 ckBTC ckBTC $ 78,843.03
$ 22.89M
$ 22.89 million
-2.48%
34 renBTC RENBTC $ 16,531.12
$ 5.03M
$ 5.03 million
+6.99%
35 ckUSDC CKUSDC $ 0.983
$ 1.55M
$ 1.55 million
-2.14%
36 ckETH ckETH $ 2,313.40
$ 1.43M
$ 1.43 million
-2.51%
37 ckOCT CKOCT $ 0.00401
$ 71.11T
$ 71.11 trillion
+53.89%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,525.40
$ 30.49T
$ 30.49 trillion
-1.53%
39 Wrapped Banano WBAN $ 1,977.44
$ 73.31B
$ 73.31 billion
+370.47M%
40 Wrapped DOGE WDOGE $ 0.114
$ 14.74B
$ 14.74 billion
+0.51%
41 Wrapped BTC (BitGo) WBTC $ 81,280.47
$ 9.62B
$ 9.62 billion
+0.29%
42 USDC (BASE) USDC $ 1.00
$ 4.34B
$ 4.34 billion
-0.05%
43 Wrapped Binance Beacon ETH WBETH $ 2,576.09
$ 3.34B
$ 3.34 billion
-0.52%
44 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.08
$ 1.39B
$ 1.39 billion
+15.96%
45 USDC (Avalance) USDC $ 0.996
$ 718.83M
$ 718.83 million
-0.07%
46 Wrapped BTC (Wormhole) WBTC $ 81,279.37
$ 257.93M
$ 257.93 million
+0.29%
47 Binance Wrapped BTC BBTC $ 81,496.35
$ 236.34M
$ 236.34 million
+0.25%
48 Gate Wrapped BTC GTBTC $ 81,828.50
$ 188.17M
$ 188.17 million
+0.30%
49 TRON peg TRX $ 0.344
$ 102.82M
$ 102.82 million
+0.57%
50 Wrapped Fantom WFTM $ 0.0467
$ 102.12M
$ 102.12 million
+7.51%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped TAO WTAO $ 315.25
$ 34.20M
$ 34.20 million
+10.23%
Wrapped Centrifuge CFG $ 0.259
$ 149.67M
$ 149.67 million
+5.34%
Binance-Peg BSC-USD BSC-USD $ 1.05
$ 9.43B
$ 9.43 billion
+5.07%
Jito Staked SOL JITOSOL $ 113.60
$ 901.91M
$ 901.91 million
+4.33%
Marinade staked SOL MSOL $ 122.32
$ 284.60M
$ 284.60 million
+4.22%
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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