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 $ 2,150.92 $ 18.97B
$ 18.97 billion -0.14% 2 Wrapped BTC WBTC $ 70,464.51 $ 9.68B
$ 9.68 billion +0.19% 3 Binance-Peg BSC-USD BSC-USD $ 0.999 $ 8.98B
$ 8.98 billion +0.11% 4 Wrapped liquid staked Ether 2.0 wstETH $ 2,647.57 $ 8.45B
$ 8.45 billion +0.07% 5 Wrapped eETH weETH $ 2,348.63 $ 6.68B
$ 6.68 billion +0.13% 6 Wrapped Ether WETH $ 2,152.25 $ 5.72B
$ 5.72 billion -0.25% 7 Ethena Staked USDe sUSDe $ 1.22 $ 3.81B
$ 3.81 billion +0.01% 8 Coinbase Wrapped BTC CBBTC $ 70,601.66 $ 3.10B
$ 3.10 billion +0.17% 9 Bitcoin BEP2 BTCB $ 70,572.08 $ 2.97B
$ 2.97 billion +0.20% 10 Jito Staked SOL JITOSOL $ 114.03 $ 1.28B
$ 1.28 billion +0.58% 11 Wrapped BNB WBNB $ 640.59 $ 902.72M
$ 902.72 million -0.23% 12 Rocket Pool ETH RETH $ 2,495.24 $ 895.50M
$ 895.50 million -0.03% 13 Binance Staked SOL BNSOL $ 99.26 $ 846.87M
$ 846.87 million +0.40% 14 Lombard Staked Bitcoin LBTC $ 70,705.66 $ 750.05M
$ 750.05 million +0.79% 15 Solv BTC SOLVBTC $ 70,540.97 $ 463.49M
$ 463.49 million +0.30% 16 tBTC v2 TBTC $ 70,655.67 $ 417.78M
$ 417.78 million +0.36% 17 Jupiter Staked SOL JUPSOL $ 105.79 $ 385.15M
$ 385.15 million +0.50% 18 Binance-Peg XRP Token XRP $ 1.44 $ 325.17M
$ 325.17 million -0.72% 19 Coinbase Wrapped Staked ETH CBETH $ 2,421.37 $ 290.93M
$ 290.93 million -0.22% 20 Bitcoin Avalanche Bridged BTC.b $ 70,528.65 $ 271.11M
$ 271.11 million +0.32% 21 Marinade staked SOL MSOL $ 122.96 $ 256.25M
$ 256.25 million +0.44% 22 Wrapped AVAX WAVAX $ 9.58 $ 135.07M
$ 135.07 million +0.22% 23 Wrapped Solana SOL $ 89.94 $ 134.91M
$ 134.91 million +0.50% 24 BybitSOL BBSOL $ 102.57 $ 111.99M
$ 111.99 million +0.33% 25 Wrapped Centrifuge CFG $ 0.152 $ 87.49M
$ 87.49 million +1.93% 26 Wrapped TAO WTAO $ 272.24 $ 32.24M
$ 32.24 million -2.74% 27 Coinbase Wrapped XRP CBXRP $ 1.45 $ 30.86M
$ 30.86 million -0.24% 28 Wrapped Matic WMATIC $ 0.0978 $ 13.92M
$ 13.92 million +0.93% 29 Axelar Wrapped USDC AXLUSDC $ 1.000 $ 2.55M
$ 2.55 million -0.03%
The coins below are ranked lower due to missing data.
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30 Mantle Staked Ether METH $ 2,343.62 $ 498.97M
$ 498.97 million -0.03% 31 ckBTC ckBTC $ 69,786.85 $ 32.94M
$ 32.94 million -0.84% 32 Wrapped NXM WNXM $ 54.98 $ 26.59M
$ 26.59 million +0.34% 33 Wrapped NCG WNCG $ 0.00533 $ 1.71M
$ 1.71 million +1.14% 34 ckUSDC CKUSDC $ 0.995 $ 1.57M
$ 1.57 million -0.50% 35 renBTC RENBTC $ 4,376.74 $ 1.33M
$ 1.33 million +0.24% 36 ckETH ckETH $ 2,150.14 $ 1.33M
$ 1.33 million +0.23% 37 Paxos Gold (Gravity Bridge) PAXG.grv $ 4,819.59 $ 43.09T
$ 43.09 trillion +0.51% 38 Wrapped BTC (BitGo) WBTC $ 70,392.80 $ 8.42B
$ 8.42 billion +0.47% 39 USDC (BASE) USDC $ 0.999 $ 4.34B
$ 4.34 billion -0.08% 40 Wrapped Binance Beacon ETH WBETH $ 2,351.98 $ 3.06B
$ 3.06 billion -0.14% 41 Binance-Peg USD Coin (BNB Smart Chain) USDC $ 1.00 $ 1.29B
$ 1.29 billion +0.24% 42 USDC (Avalance) USDC $ 0.997 $ 719.45M
$ 719.45 million -0.27% 43 Wrapped BTC (Wormhole) WBTC $ 70,447.04 $ 260.81M
$ 260.81 million +0.21% 44 Binance Wrapped BTC BBTC $ 70,639.64 $ 204.85M
$ 204.85 million +0.32% 45 Gate Wrapped BTC GTBTC $ 70,887.90 $ 163.01M
$ 163.01 million +0.23% 46 Wrapped Fantom WFTM $ 0.0477 $ 104.20M
$ 104.20 million -2.53% 47 TRON peg TRX $ 0.309 $ 92.28M
$ 92.28 million +1.78% 48 Kelp DAO Wrapped rsETH WRSETH $ 2,291.31 $ 71.97M
$ 71.97 million +2.35% 49 Binance-Peg Bitcoin Cash Token BCH $ 470.91 $ 45.44M
$ 45.44 million +3.28% 50 Wrapped BTC WBTC.E $ 70,493.57 $ 30.88M
$ 30.88 million +0.26%
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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