Wrapped coins 3 coins
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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 $ 1,982.60 $ 17.49B
$ 17.49 billion -4.61% 2 Wrapped BTC WBTC $ 68,128.29 $ 9.37B
$ 9.37 billion -3.97% 3 Binance-Peg BSC-USD BSC-USD $ 1.000 $ 8.98B
$ 8.98 billion -0.04% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,436.75 $ 7.78B
$ 7.78 billion -4.61% 5 Wrapped eETH weETH $ 2,159.90 $ 6.14B
$ 6.14 billion -4.49% 6 Wrapped Ether WETH $ 1,983.88 $ 5.27B
$ 5.27 billion -4.65% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.05% 8 Coinbase Wrapped BTC CBBTC $ 68,294.87 $ 3.00B
$ 3.00 billion -3.96% 9 Bitcoin BEP2 BTCB $ 68,301.80 $ 2.87B
$ 2.87 billion -3.99% 10 Jito Staked SOL JITOSOL $ 107.22 $ 1.20B
$ 1.20 billion -4.93% 11 Wrapped BNB WBNB $ 629.62 $ 887.27M
$ 887.27 million -2.71% 12 Rocket Pool ETH RETH $ 2,296.85 $ 824.30M
$ 824.30 million -5.43% 13 Lombard Staked Bitcoin LBTC $ 68,190.21 $ 720.84M
$ 720.84 million -4.52% 14 tBTC v2 TBTC $ 68,219.35 $ 403.37M
$ 403.37 million -4.12% 15 Binance-Peg XRP Token XRP $ 1.36 $ 333.79M
$ 333.79 million -3.55% 16 Marinade staked SOL MSOL $ 115.70 $ 292.80M
$ 292.80 million -4.65% 17 Coinbase Wrapped Staked ETH CBETH $ 2,229.36 $ 280.30M
$ 280.30 million -4.61% 18 Bitcoin Avalanche Bridged BTC.b $ 68,133.45 $ 261.90M
$ 261.90 million -4.22% 19 Wrapped Solana SOL $ 84.73 $ 158.38M
$ 158.38 million -4.85% 20 Wrapped AVAX WAVAX $ 9.01 $ 149.15M
$ 149.15 million -4.45% 21 BybitSOL BBSOL $ 96.10 $ 114.06M
$ 114.06 million -4.68% 22 Wrapped Centrifuge CFG $ 0.149 $ 85.97M
$ 85.97 million -0.26% 23 Coinbase Wrapped XRP CBXRP $ 1.36 $ 28.99M
$ 28.99 million -3.29% 24 Wrapped Matic WMATIC $ 0.0987 $ 14.05M
$ 14.05 million -2.49% 25 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.00% 26 Wrapped NCG WNCG $ 0.00530 $ 1.70M
$ 1.70 million -1.40%
The coins below are ranked lower due to missing data.
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27 Binance Staked SOL BNSOL $ 93.25 $ 914.83M
$ 914.83 million -4.83% 28 Mantle Staked Ether METH $ 2,154.38 $ 458.71M
$ 458.71 million -4.67% 29 Solv BTC SOLVBTC $ 67,962.02 $ 438.31M
$ 438.31 million -4.72% 30 Jupiter Staked SOL JUPSOL $ 99.45 $ 416.49M
$ 416.49 million -4.84% 31 ckBTC ckBTC $ 68,841.26 $ 32.49M
$ 32.49 million -4.55% 32 Wrapped NXM WNXM $ 51.10 $ 24.71M
$ 24.71 million -2.95% 33 Wrapped TAO WTAO $ 173.74 $ 20.57M
$ 20.57 million -6.73% 34 ckUSDC CKUSDC $ 1.00 $ 1.86M
$ 1.86 million +0.16% 35 ckETH ckETH $ 1,997.61 $ 1.24M
$ 1.24 million -4.76% 36 renBTC RENBTC $ 3,079.37 $ 937,664
$ 937,664 -2.87% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,951.65 $ 44.27T
$ 44.27 trillion -3.80% 38 Wrapped DOGE WDOGE $ 0.106 $ 13.64B
$ 13.64 billion +2.49% 39 USDC (BASE) USDC $ 1.00 $ 4.34B
$ 4.34 billion -0.01% 40 Wrapped Binance Beacon ETH WBETH $ 2,163.97 $ 2.82B
$ 2.82 billion -4.58% 41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion +0.17% 42 USDC (Avalance) USDC $ 0.998 $ 720.28M
$ 720.28 million -0.16% 43 Wrapped BTC (Wormhole) WBTC $ 68,123.03 $ 272.31M
$ 272.31 million -3.99% 44 Umbrella Stake Wrapped Aave Ethereum USDT v1 stkwaEthUSDT.v1 $ 2.06 $ 218.96M
$ 218.96 million +80.02% 45 Binance Wrapped BTC BBTC $ 68,150.77 $ 197.64M
$ 197.64 million -4.15% 46 Umbrella Stake Wrapped Aave Ethereum USDC v1 stkwaEthUSDC.v1 $ 2.14 $ 170.85M
$ 170.85 million +86.47% 47 Gate Wrapped BTC GTBTC $ 68,539.70 $ 157.61M
$ 157.61 million -3.88% 48 TRON peg TRX $ 0.285 $ 85.27M
$ 85.27 million +0.14% 49 Kelp DAO Wrapped rsETH WRSETH $ 2,103.50 $ 66.07M
$ 66.07 million -5.11% 50 Binance-Peg Bitcoin Cash Token BCH $ 452.07 $ 43.62M
$ 43.62 million -1.37%
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
Send original asset to custodian (BitGo, RenDAO) or smart-contract bridge.
Custody locks the asset in a multi-sig or MPC vault; emits event.
Mint wrapped token on destination chain (e.g. 1 BTC → 1 WBTC).
Use in DeFi – supply to Aave, swap on Uniswap, collateralise on Maker.
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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