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 $ 1,990.64
$ 17.56B
$ 17.56 billion
-1.81%
2 Wrapped BTC WBTC $ 68,388.60
$ 9.40B
$ 9.40 billion
-0.57%
3 Binance-Peg BSC-USD BSC-USD $ 0.999
$ 8.98B
$ 8.98 billion
-0.01%
4 Wrapped liquid staked Ether 2.0 wstETH $ 2,436.39
$ 7.78B
$ 7.78 billion
-2.16%
5 Wrapped eETH weETH $ 2,161.79
$ 6.15B
$ 6.15 billion
-2.10%
6 Wrapped Ether WETH $ 1,991.43
$ 5.29B
$ 5.29 billion
-1.94%
7 Ethena Staked USDe sUSDe $ 1.22
$ 3.81B
$ 3.81 billion
+0.15%
8 Coinbase Wrapped BTC CBBTC $ 68,569.98
$ 3.01B
$ 3.01 billion
-0.60%
9 Bitcoin BEP2 BTCB $ 68,564.72
$ 2.67B
$ 2.67 billion
-0.56%
10 Jito Staked SOL JITOSOL $ 110.45
$ 1.24B
$ 1.24 billion
+0.84%
11 Wrapped BNB WBNB $ 634.40
$ 894.14M
$ 894.14 million
-0.48%
12 Rocket Pool ETH RETH $ 2,306.05
$ 827.54M
$ 827.54 million
-2.15%
13 Lombard Staked Bitcoin LBTC $ 68,375.25
$ 722.36M
$ 722.36 million
-1.12%
14 Solv BTC SOLVBTC $ 68,389.16
$ 449.47M
$ 449.47 million
-0.78%
15 tBTC v2 TBTC $ 68,300.20
$ 403.85M
$ 403.85 million
-0.54%
16 Binance-Peg XRP Token XRP $ 1.36
$ 334.10M
$ 334.10 million
-1.90%
17 Marinade staked SOL MSOL $ 118.45
$ 299.76M
$ 299.76 million
+0.28%
18 Coinbase Wrapped Staked ETH CBETH $ 2,234.47
$ 280.86M
$ 280.86 million
-2.06%
19 Bitcoin Avalanche Bridged BTC.b $ 68,315.46
$ 262.60M
$ 262.60 million
-0.82%
20 Wrapped Solana SOL $ 87.47
$ 163.49M
$ 163.49 million
+0.90%
21 Wrapped AVAX WAVAX $ 9.18
$ 151.94M
$ 151.94 million
+0.03%
22 BybitSOL BBSOL $ 99.56
$ 118.02M
$ 118.02 million
+1.03%
23 Wrapped Centrifuge CFG $ 0.122
$ 70.28M
$ 70.28 million
+4.04%
24 Coinbase Wrapped XRP CBXRP $ 1.36
$ 28.91M
$ 28.91 million
-2.19%
25 Wrapped Matic WMATIC $ 0.102
$ 14.52M
$ 14.52 million
+0.78%
26 Axelar Wrapped USDC AXLUSDC $ 0.999
$ 2.55M
$ 2.55 million
-0.04%

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

27 Binance Staked SOL BNSOL $ 96.38
$ 945.44M
$ 945.44 million
+1.15%
28 Mantle Staked Ether METH $ 2,159.34
$ 459.76M
$ 459.76 million
-2.28%
29 Jupiter Staked SOL JUPSOL $ 102.24
$ 428.19M
$ 428.19 million
+0.56%
30 ckBTC ckBTC $ 67,834.02
$ 32.02M
$ 32.02 million
-0.35%
31 Wrapped NXM WNXM $ 51.18
$ 24.75M
$ 24.75 million
-2.72%
32 Wrapped TAO WTAO $ 181.06
$ 21.44M
$ 21.44 million
-3.91%
33 ckUSDC CKUSDC $ 1.00
$ 1.87M
$ 1.87 million
+0.38%
34 Wrapped NCG WNCG $ 0.00540
$ 1.73M
$ 1.73 million
-0.70%
35 ckETH ckETH $ 2,004.41
$ 1.24M
$ 1.24 million
-0.48%
36 renBTC RENBTC $ 3,033.96
$ 923,836
$ 923,836
-3.86%
37 ckOCT CKOCT $ 0.00817
$ 144.65T
$ 144.65 trillion
+55.17%
38 Paxos Gold (Gravity Bridge) PAXG.grv $ 5,100.43
$ 45.60T
$ 45.60 trillion
-2.32%
39 Wrapped DOGE WDOGE $ 0.105
$ 13.55B
$ 13.55 billion
+2.47%
40 USDC (BASE) USDC $ 0.998
$ 4.33B
$ 4.33 billion
-0.09%
41 Wrapped Binance Beacon ETH WBETH $ 2,170.32
$ 2.82B
$ 2.82 billion
-1.96%
42 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.000
$ 1.29B
$ 1.29 billion
+0.04%
43 USDC (Avalance) USDC $ 0.998
$ 719.85M
$ 719.85 million
+0.06%
44 Wrapped BTC (Wormhole) WBTC $ 68,275.03
$ 272.92M
$ 272.92 million
-0.78%
45 Binance Wrapped BTC BBTC $ 68,156.19
$ 197.65M
$ 197.65 million
-1.13%
46 Gate Wrapped BTC GTBTC $ 68,800.89
$ 158.21M
$ 158.21 million
-0.65%
47 TRON peg TRX $ 0.280
$ 83.63M
$ 83.63 million
-1.48%
48 Kelp DAO Wrapped rsETH WRSETH $ 2,105.04
$ 66.12M
$ 66.12 million
-2.56%
49 Binance-Peg Bitcoin Cash Token BCH $ 443.63
$ 42.81M
$ 42.81 million
-0.46%
50 Wrapped BTC WBTC.E $ 67,996.44
$ 29.78M
$ 29.78 million
-1.02%
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Trending Wrapped coins

Top Gainers
Coins Price Market cap 24h
Wrapped Centrifuge CFG $ 0.122
$ 70.28M
$ 70.28 million
+4.04%
BybitSOL BBSOL $ 99.56
$ 118.02M
$ 118.02 million
+1.03%
Wrapped Solana SOL $ 87.47
$ 163.49M
$ 163.49 million
+0.90%
Jito Staked SOL JITOSOL $ 110.45
$ 1.24B
$ 1.24 billion
+0.84%
Wrapped Matic WMATIC $ 0.102
$ 14.52M
$ 14.52 million
+0.78%
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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